(Per cent per annum)

Rates as on

Item

June 25,

Apr.20,

Mar.1,

Oct.30,

Aug. 20,

Apr.29,

Apr.2,

Mar.18,

1999

1999

1999

1998

1998

1998

1998

1998

1

2

3

4

5

6

7

8

9

A.

Lending Rates

Size of Credit Limit

1.

Up to and inclusive

Not

Not

Not

Not

Not

Not

of Rs. 25,000

exceeding

exceeding

exceeding

exceeding

exceeding

exceeding

PLR

PLR

PLR

PLR

PLR

PLR

12.0

12.0

2.

Over Rs.25,000 and

Not

Not

Not

Not

Not

Not

Not

Not

up to Rs. 2 lakh

exceeding

exceeding

exceeding

exceeding

exceeding

exceeding

exceeding

exceeding

PLR

PLR

PLR

PLR

PLR

PLR

13.5

13.5

3.

Prime Lending Rate*

(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

B.

Deposit Rates

Category of Account

1.

Current

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

2.

Savings

4.5

4.5

4.5

4.5

4.5

4.5

4.5

4.5

3.

Term Deposits^@

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

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 :

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.