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Date : Sep 15, 2022
Table 64 : Structure of Interest Rates
(Per cent per annum)
Year (as at end March) Call/ Notice Money Rates Five Major Banks All SCBs
Deposit Rates* Lending Rates* MCLR* (1-year) WALR - Outstanding Rupee Loans$ WALR - Fresh Rupee Loans$ 1-Year MCLR (Median)$ WADTDR$
Savings# Term Deposits
1-3 Years 3-5 Years Above 5 Years
1 2 3 4 5 6 7 8 9 10 11 12
2004-05 4.65 3.50 5.25-5.75 5.75-6.25 6.25 10.25-11.00 -- -- -- -- --
2005-06 5.60 3.50 6.00-6.75 6.25-7.00 6.50-7.00 10.25-12.75 -- -- -- -- --
2006-07 7.22 3.50 6.75-8.50 7.75-9.50 7.75-8.50 12.25-14.75 -- -- -- -- --
2007-08 6.07 3.50 8.00-8.75 8.00-8.75 8.50-9.00 12.25-15.75 -- -- -- -- --
2008-09 7.26 3.50 8.00-8.75 8.00-8.50 7.75-8.50 11.50-16.75 -- -- -- -- --
2009-10 3.29 3.50 6.00-7.00 6.50-7.50 7.00-7.75 11.00-15.75 -- -- -- -- --
2010-11 5.89 3.50 8.25-9.00 8.25-8.75 8.50-8.75 8.25-9.50 -- -- -- -- --
2011-12 8.22 4.00 9.00-9.25 9.00-9.25 8.50-9.25 10.00-10.75 -- -- -- -- --
2012-13 8.09 4.00 8.75-9.00 8.75-9.00 8.50-9.00 9.70-10.25 -- -- -- -- --
2013-14 8.28 4.00 8.75-9.25 8.75-9.10 8.50-9.10 10.00-10.25 -- 12.11 -- -- --
2014-15 7.97 4.00 8.50-8.75 8.50-8.75 8.25-8.50 10.00-10.25 -- 11.76 11.07 -- 8.57
2015-16 6.98 4.00 7.25-7.50 7.00-7.50 7.00-7.30 9.30-9.70 -- 11.20 10.47 -- 7.73
2016-17 6.25 4.00 6.75-7.00 6.50-6.90 6.50-6.75 7.75-8.20 8.00-8.50 10.80 9.74 8.60 6.97
2017-18 5.94 3.50-4.00 6.40-6.75 6.25-6.70 6.25-6.75 7.80-7.95 8.15-8.30 10.25 9.34 8.40 6.67
2018-19 6.27 3.50-4.00 6.25-7.25 6.25-7.25 6.25-7.25 8.05-8.55 8.45-8.80 10.23 9.69 8.75 6.89
2019-20 5.43 3.00-3.50 5.00-6.20 5.70-6.40 5.70-6.40 7.45-7.90 7.75-8.20 9.92 8.71 8.20 6.38
2020-21 3.44 2.70-3.00 4.90-5.30 5.25-5.35 5.25-5.50 6.55-7.05 7.00-7.40 9.10 7.92 7.30 5.28
2021-22 3.26 2.70-3.00 5.00-5.20 5.05-5.45 5.05-5.60 6.45-7.00 7.00-7.30 8.74 7.63 7.25 5.03
2022-23@ 4.38 2.70-3.00 5.30-5.60 5.35-6.10 5.35-5.90 6.80-7.65 7.60-7.90 8.93 7.94 7.40 5.13
* : Data on deposit and lending rates in columns (3) to (8) relate to five major banks.
# : Data on savings deposit rates from 2011-12 onwards relate to balance up to ₹1 lakh. Savings deposit rate was deregulated with effect from October 25, 2011.
$ : Data on Weighted Average Lending Rates (WALRs), Weighted Average Domestic Term Deposit Rate (WADTDR) and 1-Year median marginal cost of funds-based lending rate (MCLR) pertain to all scheduled commercial banks (excluding RRBs and SFBs). Data on WALRs, WADTDR and 1-Year median MCLR pertain to end of the respective financial years.
@ : As on August 19, 2022; except for WALRs, WADTDR and 1-year median MCLR (June 2022).
Notes : 1. Data on lending rates in column (7) relate to Benchmark Prime Lending Rate (BPLR) for the period 2004-05 to 2009-10; Base Rate for 2010-11 to 2015-16 and Marginal Cost of Funds Based Lending Rate (MCLR) (overnight) for 2016-17 onwards. BPLR system was replaced by the Base Rate System from July 1, 2010, which, in turn, was replaced by the MCLR System effective April 1, 2016.
2. Call/Notice money rates are weighted average rates for the year.
Source: Scheduled Commercial Banks (excluding RRBs and SFBs) and the Reserve Bank of India.

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