I.2 : Interest Rate Structure of Scheduled Commercial Banks - ଆରବିଆଇ - Reserve Bank of India
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 |
June 25, |
Apr.20, |
Mar.1, |
Oct.30, |
Aug. 20, |
Apr.29, |
Apr.2, |
Mar.18, |
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1999 |
1999 |
1999 |
1998 |
1998 |
1998 |
1998 |
1998 |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
A. |
Lending Rates |
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Size of Credit Limit |
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1. |
Up to and inclusive |
Not |
Not |
Not |
Not |
Not |
Not |
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of Rs. 25,000 |
exceeding |
exceeding |
exceeding |
exceeding |
exceeding |
exceeding |
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PLR |
PLR |
PLR |
PLR |
PLR |
PLR |
12.0 |
12.0 |
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2. |
Over Rs.25,000 and |
Not |
Not |
Not |
Not |
Not |
Not |
Not |
Not |
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up to Rs. 2 lakh |
exceeding |
exceeding |
exceeding |
exceeding |
exceeding |
exceeding |
exceeding |
exceeding |
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PLR |
PLR |
PLR |
PLR |
PLR |
PLR |
13.5 |
13.5 |
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3. |
Prime Lending Rate* |
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(Over Rs. 2 lakh) |
12.0-13.5 |
12.0-14.0 |
12.0-14.0 |
12.75-14.5 |
12.75-14.5 |
12.75-14.5 |
13.5-14.5 |
14.0-14.5 |
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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 |
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2. |
Savings |
4.5 |
4.5 |
4.5 |
4.5 |
4.5 |
4.5 |
4.5 |
4.5 |
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3. |
Term Deposits@ |
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a) Up to one year |
5.0-9.5 |
5.0-9.5 |
5.0-9.5 |
5.0-10.0 |
5.0-10.0 |
5.0-10.0 |
5.0-10.5 |
5.0-12.5 |
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b) Over one year |
8.0-12.0 |
9.0-11.5 |
9.0-11.5 |
9.0-12.5 |
9.0-12.5 |
9.0-12.5 |
9.5-12.5 |
9.5-13.0 |
Memo Item : |
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Bank Rate # |
8.0 |
8.0 |
8.0 |
9.0 |
9.0 |
9.0+ |
10.0 |
10.5 |
* |
Effective October 18, 1994 banks were free to determine their own prime lending rates (PLRs) for credit limit over Rs.2 lakh. Data relate to public sector banks. |
@ |
The stipulation of minimum maturity period of term deposits was reduced from 30 days to 15 days, effective April 29, 1998. Data relate to public sector banks. |
# |
The change in the Bank Rate was made effective from the close of business of respective dates of change except April 29, 1998. |
+ |
Effective April 29, 1998. |