Investing.com -- The Reserve Bank of India (NSE: BOI ) (RBI), the country’s central bank, issued a directive on Monday, instructing all banks to apply an additional run-off rate of 2.5% to deposits from retail and small business customers facilitated through internet and mobile banking services.

This mandate from the RBI is targeted specifically at online banking-enabled deposits from customers in the retail sector and small businesses. The additional run-off rate of 2.5% is to be applied to these specific deposits, as per the directive issued on Monday.

The RBI’s decision to implement this additional run-off rate is expected to impact the banking operations of retail and small business customers who utilize internet and mobile banking services for their deposit transactions.

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