APPENDIX TABLE I.2 : INTEREST RATE STRUCTURE OF SCHEDULED COMMERCIAL BANKS - ஆர்பிஐ - Reserve Bank of India
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வெளியிடப்பட்ட தேதி 30 ஜூன் 1998
APPENDIX TABLE I.2 : INTEREST RATE STRUCTURE OF SCHEDULED COMMERCIAL BANKS
(Per cent per annum) | ||||||||||
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Rates as on
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Item | April | April | March | January | October | June | April | |||
29, 1998 | 2, 1998 | 18, 1998 | 16, 1998 | 21, 1997 | 25, 1997 | 15, 1997 | ||||
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1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |||
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A. | Lending Rates | |||||||||
Size of Credit Limit | ||||||||||
1. | Up to and inclusive | |||||||||
of Rs. 25,000 | Not | 12.0 | 12.0 | 12.0 | 12.0 | 12.0 | 12.0 | |||
exceeding | ||||||||||
2. | Over Rs.25,000 and | PLR | Not | Not | Not | Not | ||||
up to Rs. 2 lakh | exceeding | exceeding | exceeding | exceeding | ||||||
13.5 | 13.5 | 13.5 | 13.5 | 13.5 | 13.5 | |||||
3. | Prime Lending Rate* | |||||||||
(Over Rs. 2 lakh) | 12.75-14.5 | 13.5-14.5 | 14.0-14.5 | 14.0-14.5 | 12.5-13.5 | 13.5-14.5 | 14.0-14.5 | |||
B. | Deposit Rates | |||||||||
Category of Account | ||||||||||
1. | Current | Nil | Nil | Nil | Nil | Nil | Nil | Nil | ||
2. | Savings | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | ||
3. | Term Deposits@ | |||||||||
a) | Up to one year | 5.0-10.5 | 5.0-10.5 | 5.0-12.5 | 5.0-10.0 | 5.0-8.0 | 5.0-8.0 | 5.0-9.0 | ||
b) | Over one year | 9.0-12.5 | 9.5-12.5 | 9.5-12.5 | 10.0-12.0 | 9.0-12.0 | 9.5-13.0 | 10.0-13.0 | ||
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Memo Item : | ||||||||||
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Bank Rate # | 9.0 | 10.0 | 10.5 | 11.0 | 9.0 | 10.0 | 11.0 | |||
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* | 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 major public sector banks. | |||||||||
@ | Between April 16, 1997 and October 21, 1997, the ceiling for interest rate on term deposits for 30 days and up to one year was not exceeding Bank Rate minus two percentage points. Effective October 22, 1997, the ceiling was removed and banks were given the freedom to determine their own interest rates on term deposits over 30 days. The stipulation of minimum maturity period of term deposits was reduced from 30 days to 15 days, effective April 29, 1998 . | |||||||||
# | Bank Rate was effective from the close of business of dates indicated (except for April 29, 1998). |
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