If you’ve ever wondered why two people at different branches got different rates for the same FD, this change fixes that. Same bank, same day, same deposit = same rate. No more branch-level favoritism. Bulk deposits? Still flexible, but now rates must be published daily. For retail investors, this means clarity; check the bank’s official rate before renewing, or comparing. For CAs and finance teams, it’s a cleaner audit trail. The real win? Transparency. No more guesswork. Just clear, publicly disclosed rates. Smart move by RBI; not changing returns, but making sure they’re applied fairly.