Appendix Table I.2 : Interest Rate Structure of Scheduled Commercial Banks
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(Per cent per annum) |
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Rates as on |
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Item |
Jan. 16, |
Jan. 9, |
Jan. 2, |
Dec. 5, |
Nov. 7, |
Oct. 3, |
Sept.12, |
July 11, |
June 20, |
May 16, |
May 9, |
May 2, |
April 11, |
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2004 |
2004 |
2004 |
2003 |
2003 |
2003 |
2003 |
2003 |
2003 |
2003 |
2003 |
2003 |
2003 |
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1 |
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2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
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A. |
Lending Rates |
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Size of Credit Limit |
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1. |
Up to Rs. 2 lakh |
< PLR |
< PLR |
< PLR |
< PLR |
< PLR |
< PLR |
< PLR |
< PLR |
< PLR |
< PLR |
< PLR |
< PLR |
< PLR |
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2. |
Over Rs. 2 lakh |
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(Prime Lending Rate*) |
10.25-11.00 |
10.25-11.00 |
10.25-11.00 |
10.50-11.00 |
10.50-11.50 |
10.50-11.50 |
10.50-11.50 |
10.50-11.50 |
10.50-11.50 |
10.50-11.50 |
10.50-11.50 |
10.75-11.50 |
10.75-11.50 |
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B. |
Deposit Rates |
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Category of Account |
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1. |
Current |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
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2. |
Savings |
3.50 |
3.50 |
3.50 |
3.50 |
3.50 |
3.50 |
3.50 |
3.50 |
3.50 |
3.50 |
3.50 |
3.50 |
3.50 |
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3. |
Term Deposits @ |
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a) Up to and including |
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one year |
4.00-4.75 |
4.00-4.75 |
4.00-4.75 |
4.00-5.00 |
4.00-5.00 |
4.00-5.25 |
4.00-5.25 |
4.00-5.25 |
4.00-5.50 |
4.25-5.50 |
4.25-5.50 |
4.00-5.50 |
4.00-5.50 |
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b) 1-2 years |
5.00 |
5.00 |
5.00 |
5.00-5.25 |
5.00-5.25 |
5.00-5.50 |
4.75-5.25 |
5.00-5.75 |
5.00-5.75 |
5.25-5.75 |
5.25-5.75 |
5.25-5.75 |
5.25-5.75 |
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c) 2-3 years |
5.00-5.25 |
5.00-5.25 |
5.00-5.25 |
5.00-5.50 |
5.00-5.50 |
5.00-5.75 |
5.00-5.75 |
5.00-5.75 |
5.00-5.75 |
5.50-5.75 |
5.25-5.75 |
5.25-6.00 |
5.25-6.00 |
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d) > 3 years |
5.25-5.50 |
5.25-6.00 |
5.25-5.75 |
5.25-5.75 |
5.25-6.00 |
5.25-6.00 |
5.25-6.00 |
5.25-6.00 |
5.25-6.00 |
5.75-6.00 |
5.50-6.00 |
5.50-6.25 |
5.50-6.25 |
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Memo Item : |
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Bank Rate # |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.25 |
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(April 29, |
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2003) |
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*:Data relate to major public sector banks.
<:Not exceeding.
#:The change in the Bank Rate was made effective from the close of business of the date indicated in the parenthesis.
@:The minimum maturity period of term deposits is 15 days, effective April 29, 1998. Data relate to major public sector banks. |
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