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Date : Sep 18, 2006
Table 74 : Structure of interest rates

(Per cent per annum)

Year

Call/Notice money rates (i)

Commercial bank rates

Deposit rates (ii) (iii)

 

 

Lending rates

1 to 3 yrs.

 

Over 3 yrs. & upto 5 yrs.

 

Above 5 yrs.

 

SBI advance rate (iv)

Key lending rates as prescribed by RBI
(All commercial banks including SBI)

Ceiling rate general

Minimum rate general (v) (v)i

Minimum rate selective credit control

1

2

3

 

4

 

5

 

6

7

8

 

9

1970-71

6.38

6.00-6.50

 

7.00

 

7.25

 

7.00-8.50

-

-

 

-

1971-72

5.16

6.00

 

6.50

 

7.25

 

8.50

-

-

 

12.00

1972-73

4.15

6.00

 

6.50

 

7.25

 

8.50

-

-

 

12.00

1973-74

7.83

6.00

 

7.00

 

7.25

 

8.50-9.00

-

10.00-11.00

 

12.00-13.00

1974-75

12.82

6.75-8.00

 

7.75-9.00

 

8.00-10.00

 

9.00-13.50

-

11.00-13.00

 

14.00-15.00

1975-76

10.55

8.00

 

9.00

 

10.00

 

14.00

16.50

12.50

 

14.00-15.00

1976-77

10.84

8.00

 

9.00

 

10.00

 

14.00

16.50

12.50

 

14.00-15.00

1977-78

9.28

6.00

 

8.00

 

9.00

 

13.00

15.00

12.50

 

14.00-15.00

1978-79

7.57

6.00

 

7.50

 

9.00

 

13.00

15.00

12.50

 

14.00-15.00

1979-80

8.47

7.00

 

8.50

 

10.00

 

16.50

18.00

12.50

 

15.50-18.00

1980-81

7.12

7.50-8.50

 

10.00

 

10.00

 

16.50

19.40-19.50

13.50

 

16.70-19.50

1981-82

8.96

8.00-9.00

 

10.00

 

10.00

 

16.50

19.50

-

 

17.50-19.50

1982-83

8.78

8.00-9.00

 

10.00

 

11.00

 

16.50

19.50

-

 

17.50-19.50

1983-84

8.63

8.00-9.00

 

10.00

 

11.00

 

16.50

18.00

-

 

16.50-18.00

1984-85

9.95

8.00-9.00

 

10.00

 

11.00

 

16.50

18.00

-

 

16.50-18.00

1985-86

10.00

8.50-9.00

 

10.00

 

11.00

 

16.50

17.50

-

 

16.50-17.50

1986-87

9.99

8.50-9.00

 

10.00

 

11.00

 

16.50

17.50

-

 

16.50-17.50

1987-88

9.88

9.00-10.00

 

10.00

 

10.00

 

16.50

16.50

-

 

16.50

1988-89

9.77

9.00-10.00

 

10.00

 

10.00

 

16.50

-

16.00

 

16.00

1989-90

11.49

9.00-10.00

 

10.00

 

10.00

 

16.50

-

16.00

 

16.00

1990-91

15.85

9.00-10.00

 

11.00

 

11.00

 

16.50

-

16.00

 

16.00

1991-92

19.57

12.00

 

13.00

 

13.00

 

16.50

-

19.00

 

19.00

1992-93

14.42

11.00

 

11.00

 

11.00

 

19.00

-

17.00

 

17.00

1993-94

6.99

10.00

 

10.00

 

10.00

 

19.00

-

14.00

 

15.00

1994-95

9.40

11.00

 

11.00

 

11.00

 

15.00

-

15.00 @

 

Free

1995-96

17.73

12.00

 

13.00 +

 

13.00 +

 

16.50

-

16.50 @

 

Free

1996-97

7.84

11.00-12.00 +

 

12.00-13.00 +

 

12.50-13.00 +

 

14.50

-

14.50-15.00 @

 

Free

1997-98

8.69

10.50-11.00 +

 

11.50-12.00 +

 

11.50-12.00 +

 

14.00

-

14.00 @

 

Free

1998-99

7.83

9.00-11.00 +

 

10.50-11.50 +

 

10.50-11.50 +

 

12.00-14.00

-

12.00-13.00 @

 

Free

1999-00

8.87

8.50-9.50 +

 

10.00-10.50 +

 

10.00-10.50 +

 

12.00

-

12.00-12.50 @

 

Free

2000-01

9.15

8.50-9.00 +

 

9.50-10.00 +

 

9.50-10.00 +

 

11.50

-

11.00- 12.00 @

 

Free

2001-02

7.16

7.50-8.50 +

 

8.00-8.50 +

 

8.00-8.50 +

 

11.50

-

11.00-12.00 @

 

Free

2002-03

5.89

4.25-6.00 +

 

5.50-6.25 +

 

5.50-6.25 +

 

10.75

-

10.75-11.50 @

 

Free

2003-04

4.62

4.00-5.25 +

 

5.25-5.50 +

 

5.25-5.50 +

 

10.25

-

10.25-11.00 @

 

Free

2004-05

4.65

5.25-5.50 +

 

5.75-6.25 +

 

5.75-6.25 +

 

10.25

-

10.25-10.75 @

 

Free

2005-06

6.93

6.00-6.50 +

 

6.25-7.00 +

 

6.25-7.00 +

 

10.25

-

10.25-10.75 @

 

Free

2006-07

5.69 ****

6.25-7.00 +

^

6.50-8.00 +

^

6.50-8.00 +

^

11.00 ^

-

11.00-11.50 @

^

Free

(Continued)



(Per cent per annum)

Year

Prime lending rates of term lending institutions

Units of UTI #(July-June)

Annual (gross) redemption yield of Government of India securities@@ (x)

IDBI

IFCI

ICICI

IIBI / IRBI (vii)

SFCs* (viii)

Dividend rate

Yield (ix) rate (ix)

Short-term
(1-5 yrs.)

Medium-term
(5-15 yrs.)

Long-term
(15 yrs. & above)

1

10

 

11

 

12

13

14

15

16

17

18

19

1970-71

 

8.50
(7.00-8.50)

 

9.00

 

8.50

-

7.50-10.50

8.00

7.55

3.85-4.28

4.32-4.84

4.77-5.53

1971-72

 

8.50
(7.50-8.00)

 

9.00

 

8.50

-

8.50-11.00

8.25

.

4.21-4.17

4.53-5.25

5.00-5.74

1972-73

 

8.50
(7.50-9.75)

 

9.00

 

8.50

-

8.50-10.50

8.50

.

4.46-4.98

4.08-5.28

5.00-5.74

1973-74

 

9.00
(7.50-0.50)

 

9.50

 

9.00

8.50

9.00-11.00

8.50

.

4.47-5.05

4.74-5.34

5.00-5.74

1974-75

 

10.25
(8.00-0.50)

 

11.25

 

10.25

8.50

8.00-13.00

8.60

8.25

5.00-5.65

5.18-5.99

5.93-6.39

1975-76

 

11.00
(8.00-11.00)

 

12.00

 

11.00

8.50

8.00-14.50

8.75

8.33

5.20-6.04

5.47-6.02

6.08-6.48

1976-77

 

11.00
(8.00-11.00)

 

11.00

 

11.00

8.50

8.00-15.50

9.00

8.51

5.18-5.59

5.43-5.97

6.02-6.47

1977-78

 

11.00
(8.00-11.00)

 

11.00

 

11.00

8.50

8.00-15.50

9.00

7.96

5.06-5.59

5.42-5.98

6.03-6.46

1978-79

 

11.00
(8.00-11.00)

 

11.00

 

11.00

8.50

8.00-15.50

9.00

7.67

5.12-5.48

5.47-6.25

6.12-6.73

1979-80

 

11.00
(8.00-11.00)

 

11.00

 

11.00

8.50

8.00-15.50

10.00

8.56

4.70-5.74

5.70-6.30

6.20-6.98

1980-81

 

14.00
(12.00-14.50)

 

14.00

 

14.00

9.15

12.00-16.00

11.50

9.62

4.74-6.01

5.80-6.75

6.44-7.49

1981-82

 

14.00
(12.00-14.50)

 

14.00

 

14.00

9.15

11.25-14.00

12.50

10.29

5.32-6.43

5.81-7.02

6.45-8.00

1982-83

 

14.00
(12.00-14.50)

 

14.00

 

14.00

12.50

12.50-17.00

13.50

10.65

4.98-8.46

6.25-7.77

6.46-9.00

1983-84

 

14.00
(11.50-16.50)

 

14.00

 

14.00

12.50

14.00-18.00

14.00

10.49

4.50-7.08

6.67-9.04

6.47-10.00

1984-85

 

14.00
(12.50-18.50)

 

14.00

 

14.00

12.50

14.00-20.00

14.25

10.44

4.20-8.31

6.47-9.04

7.93-10.50

1985-86

 

14.00
(11.50-16.50)

 

14.00

 

14.00

12.50

11.50-16.50

15.25

11.75

5.42-9.84

6.49-9.50

8.38-11.50

1986-87

 

14.00
(11.50-16.50)

 

14.00

 

14.00

12.50

11.50-16.50

16.00

12.27

5.09-11.60

6.50-10.86

8.88-11.50

 

 

 

(11.50-16.50)

 

 

 

 

 

 

 

 

 

 

 

1987-88

 

14.00
(11.50-16.50)

 

14.00

 

14.00

14.00

11.50-16.50

16.50

12.56

6.86-15.78

6.51-11.73

9.17-11.50

1988-89

 

14.00
(11.50-16.50)

 

14.00

 

14.00

14.00

11.50-16.50

18.00

13.58

7.03-23.88

6.76-13.77

9.36-11.73

1989-90

 

14.00
(11.50-16.50)

 

14.00

 

14.00

14.00

11.50-16.50

18.00

13.35

7.56-18.36

7.69-15.06

10.05-11.80

1990-91

 

14.00-15.00

 

14.00-15.00

 

14.00-15.00

14.00-15.00

9.00-20.00

19.50

14.03

7.04-21.70

9.44-12.70

10.86-12.04

1991-92

 

18.00-20.00

 

18.00-20.00

 

18.00-20.00

18.00-20.00

9.00-20.00

25.00

16.40

8.37-26.26

9.50-13.42

9.91-12.38

1992-93

 

17.00-19.00

 

17.00-19.00

 

17.00-19.00

18.50-21.00

(11.50-20.00)

26.00

19.06

9.08-23.77

9.50-14.78

8.82-12.47

1993-94

 

14.50-17.50

 

14.50-17.50

 

14.50-17.50

14.50-17.50

(11.50-20.00)

26.00

17.68

11.86-12.86

12.70-13.30

12.85-13.43

1994-95

 

15.00

 

14.50-18.50

 

14.00-17.50

14.50-17.50

(12.00-13.50)

26.00

16.33

9.75-11.76

11.30-13.86

11.77-13.47

1995-96

 

16.00-19.00

 

16.00-20.00

 

14.00

15.50-18.50

(12.00-13.50)

20.00

12.66

6.00-14.28

5.75-14.07

11.84-13.02

1996-97

 

16.20

 

15.00-19.50

 

16.50

17.00

(12.00-27.50)

20.00

13.95

5.21-16.21

5.75-14.44

9.00-14.20

1997-98

 

13.30

 

14.50-18.00

 

14.00-14.50

12.50-13.50

(12.00-18.00)

20.00

13.85

5.50-17.69

5.20-14.00

9.00-13.17

1998-99

 

13.50

 

13.50-17.00

 

13.00

.

12.00-18.50

13.50

9.46

4.45-17.73

5.75-13.74

10.00-13.46

1999-00

 

13.60-17.10

$

13.50-17.00

$

12.50 $

14.00

12.00-18.00

13.75

10.19

3.18-14.30

6.50-13.84

9.79-13.11

2000-01

 

14.00

 

13.00

 

12.50

13.25

9.75-17.00

10.00

7.32

4.94-16.66

9.37-12.50

10.58-11.89

2001-02

 

11.50

 

12.50

 

12.50

11.50

9.50-16.75

.

.

5.32-10.96

5.14-13.85

7.41-10.86

2002-03

 

10.20

*

12.50

*

-

11.00 *

9.50-14.50

.

.

5.12-10.98

5.60-9.27

6.10-8.76

2003-04

 

8.90

*

12.50

*

-

8.50 **

9.50-14.51

.

.

3.93-7.16

4.41-6.78

5.44-7.72

2004-05

 

***

 

12.50

*

-

8.50 **

9.50-14.51

.

.

4.32-8.14

4.71-7.73

5.43-7.83

2005-06

 

***

 

12.50

*

-

8.50 **

9.50-13.00

.

.

2.84-8.57

6.49-7.92

7.08-7.85

+       Refers to the deposit rates of 5 major public sector banks as at end-March.
@     Refers to the prime lending rates of 5 major public sector banks.
^       Up to August 04, 2006.
#       Data for dividend rate and yield rate are based on data received from Unit Trust of India.
@@  Based on redemption yield which is computed from 2000-01 as the mean of the daily weighted average yield         of  the transactions in each traded security. The weight is calculated as the share of the transaction in a given security in the aggregated value.
$       Relates to long-term prime lending rates in January 2000.
*       Long-term (over 36-month) PLR.
**     Single PLR effective July 31, 2003.
***    Not applicable since IDBI’s conversion into a banking entity effective October 11, 2004.
****   Average of April-July 2006 (Provisional).
Note :  1. ICICI ceased to be a term lending institution after its merger with ICICI Bank.
            2. Figures in brackets indicate lending rate charged to small-scale industries.
For superscripts (i) to (x) on items in this table, see Notes on Tables.
Source : 1. Respective financial institutions.
               2. Reserve Bank of India.


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