The Reserve Bank of India (RBI) proposed to revise the definition of bulk deposits, which would impact both traditional banks and Small Finance Banks (SFBs).

Under the proposed change, bulk deposits will now encompass single rupee term deposits of Rs 3 crore and above. 

The bulk deposit limit was enhanced in the year 2019 for Scheduled Commercial Banks (SCBs) (excluding Regional Rural Banks) and Small Finance Banks (SFBs) as Single Rupee term deposits of Rs 2 crore and above.