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Date : Sep 15, 2021
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$ WADTDR$
Savings# Term Deposits
1-3 years 3-5 years Above 5 years
1 2 3 4 5 6 7 8 9 10 11
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 -- 8.79
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 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 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 10.25 9.73 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 10.00 8.79 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 9.21 8.04 5.28
2021-22@ 3.18 2.70-3.00 4.90-5.15 5.05-5.35 5.05-5.50 6.55-7.00 7.00-7.35 9.09 7.99 5.14
* : Data on deposit and lending rates relate to five major banks.
# : Savings deposit rate from 2011-12 onwards relates to balance up to 1 lakh. Savings deposit rate was deregulated with effect from October 25, 2011.
$ : Data on Weighted Average Lending Rates (WALRs) and Weighted Average Domestic Term Deposit Rate (WADTDR) pertain to ALL scheduled commercial banks (excluding RRBs and SFBs). Data on WALRs and WADTDR pertain to March of the respective years.
@ : As on September 3, 2021; except for WALRs and WADTDR (July 2021).
Notes : 1. Data on lending rates relate to either Benchmark Prime Lending Rate (BPLR), Base Rate or Marginal Cost of Funds Based Lending Rate (MCLR) (overnight and 1-Year) as the case may be for the relevant year.
2. BPLR system effective November 2003 was replaced by the Base Rate System effective from July 1, 2010.
3. Base Rate System effective from July 1, 2010 was replaced by the MCLR System effective from April 1, 2016.
4. 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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