The Reserve Bank of India (RBI), on October 26, 2023, announced that the bulk deposit limit for Regional Rural Banks (RRBs) has been increased from Rs 15 lakh to Rs 1 crore. The decision was taken after a review of the bulk deposit limit of RRBs. The definition of "Bulk Deposit" varies among banks. The bulk deposit limit for scheduled commercial and small finance banks is Rs 2 crore and above. For RRBs, the limit has been increased from Rs 15 lakh to Rs 1 crore. The move is expected to provide a more level playing field for banks.