Structure of Interest Rates - RBI - Reserve Bank of India
Structure of Interest Rates
| (Per cent per annum) |
|||||||||
| Year |
Call/Notice |
Commercial bank rates |
|||||||
| money |
|||||||||
| Deposit rates (ii) |
Lending rates |
||||||||
| rates (i) |
|||||||||
| 1 to 3 yrs. |
Over 3 yrs. & |
Above 5 yrs. |
SBI |
Key lending rates as prescribed by RBI |
|||||
| upto 5 yrs. |
advance |
(All commercial banks including SBI) |
|||||||
| rate (iii) |
|||||||||
| Ceiling rate |
Minimum |
Minimum rate |
|||||||
| general |
rate |
selective |
|||||||
| general (iv) |
credit control |
||||||||
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
|
| 1970-71 |
6.38 |
6.00-6.50 |
7.00 |
7.25 |
7.00-8.50 |
– |
– |
– |
|
| 1971-72 |
5.16 |
6.00 |
6.50 |
7.25 |
8.50 |
– |
– |
12.00 |
|
| 1972-73 |
4.15 |
6.00 |
6.50 |
7.25 |
8.50 |
– |
– |
12.00 |
|
| 1973-74 |
7.83 |
6.00 |
7.00 |
7.25 |
8.50-9.00 |
– |
10.00-11.00 |
12.00-13.00 |
|
| 1974-75 |
12.82 |
6.75-8.00 |
7.75-9.00 |
8.00-10.00 |
9.00-13.50 |
– |
11.00-13.00 |
14.00-15.00 |
|
| 1975-76 |
10.55 |
8.00 |
9.00 |
10.00 |
14.00 |
16.50 |
12.50 |
14.00-15.00 |
|
| 1976-77 |
10.84 |
8.00 |
9.00 |
10.00 |
14.00 |
16.50 |
12.50 |
14.00-15.00 |
|
| 1977-78 |
9.28 |
6.00 |
8.00 |
9.00 |
13.00 |
15.00 |
12.50 |
14.00-15.00 |
|
| 1978-79 |
7.57 |
6.00 |
7.50 |
9.00 |
13.00 |
15.00 |
12.50 |
14.00-15.00 |
|
| 1979-80 |
8.47 |
7.00 |
8.50 |
10.00 |
16.50 |
18.00 |
12.50 |
15.50-18.00 |
|
| 1980-81 |
7.12 |
7.50-8.50 |
10.00 |
10.00 |
16.50 |
19.40-19.50 |
13.50 |
16.70-19.50 |
|
| 1981-82 |
8.96 |
8.00-9.00 |
10.00 |
10.00 |
16.50 |
19.50 |
– |
17.50-19.50 |
|
| 1982-83 |
8.78 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
19.50 |
– |
17.50-19.50 |
|
| 1983-84 |
8.63 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
18.00 |
– |
16.50-18.00 |
|
| 1984-85 |
9.95 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
18.00 |
– |
16.50-18.00 |
|
| 1985-86 |
10.00 |
8.50-9.00 |
10.00 |
11.00 |
16.50 |
17.50 |
– |
16.50-17.50 |
|
| 1986-87 |
9.99 |
8.50-9.00 |
10.00 |
11.00 |
16.50 |
17.50 |
– |
16.50-17.50 |
|
| 1987-88 |
9.88 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
16.50 |
– |
16.50 |
|
| 1988-89 |
9.77 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
– |
16.00 |
16.00 |
|
| 1989-90 |
11.49 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
– |
16.00 |
16.00 |
|
| 1990-91 |
15.85 |
9.00-10.00 |
11.00 |
11.00 |
16.50 |
– |
16.00 |
16.00 |
|
| 1991-92 |
19.57 |
12.00 |
13.00 |
13.00 |
16.50 |
– |
19.00 |
19.00 |
|
| 1992-93 |
14.42 |
11.00 |
11.00 |
11.00 |
19.00 |
– |
17.00 |
17.00 |
|
| 1993-94 |
6.99 |
10.00 |
10.00 |
10.00 |
19.00 |
– |
14.00 |
15.00 |
|
| 1994-95 |
9.40 |
11.00 |
11.00 |
11.00 |
15.00 |
– |
15.00 @ |
Free |
|
| 1995-96 |
17.73 |
12.00 |
13.00 ## |
13.00 |
## |
16.50 |
– |
16.50 @ |
Free |
| 1996-97 |
7.84 |
11.00-12.00 ## |
12.00-13.00 ## |
12.50-13.00 |
## |
14.50 |
– |
14.50-15.00 @ |
Free |
| 1997-98 |
8.69 |
10.50-11.00 ## |
11.50-12.00 ## |
11.50-12.00 |
## |
14.00 |
– |
14.00 @ |
Free |
| 1998-99 |
7.83 |
9.00-11.00 ## |
10.50-11.50 ## |
10.50-11.50 |
## |
12.00-14.00 |
– |
12.00-13.00 @ |
Free |
| 1999-00 |
8.87 |
8.50-9.50 ## |
10.00-10.50 ## |
10.00-10.50 |
## |
12.00 |
– |
12.00-12.50 @ |
Free |
| 2000-01 |
9.15 |
8.50-9.00 ## |
9.50-10.00 ## |
9.50-10.00 |
## |
11.50 |
– |
11.00- 12.00 @ |
Free |
| 2001-02 |
7.16 |
7.50-8.50 ## |
8.00-8.50 ## |
8.00-8.50 |
## |
11.50 |
– |
11.00-12.00 @ |
Free |
| 2002-03 |
5.89 |
4.25-6.00 ## |
5.50-6.25 ## |
5.50-6.25 |
## |
10.75 |
– |
10.75-11.50 @ |
Free |
| 2003-04 |
4.33 |
4.00-5.25 ## |
5.25-5.50 ## |
5.25-5.50 |
## |
10.25 |
– |
10.25-11.00 @ |
Free |
| 2004-05 |
4.55 |
5.25-5.50 ## |
5.75-6.25 ## |
5.75-6.25 |
## |
10.25 |
– |
10.25-10.75 @ |
Free |
| 2005-06 |
5.36 ^^ |
5.75-6.25 ^ |
6.25-6.50 ^ |
6.25-6.50 |
^ |
10.25 |
– |
10.25-10.75 @ |
Free |
| (Per cent per annum) |
|||||||||
| Year |
Call/Notice |
Commercial bank rates |
|||||||
| money |
|||||||||
| Deposit rates (ii) |
Lending rates |
||||||||
| rates (i) |
|||||||||
| 1 to 3 yrs. |
Over 3 yrs. & |
Above 5 yrs. |
SBI |
Key lending rates as prescribed by RBI |
|||||
| upto 5 yrs. |
advance |
(All commercial banks including SBI) |
|||||||
| rate (iii) |
|||||||||
| Ceiling rate |
Minimum |
Minimum rate |
|||||||
| general |
rate |
selective |
|||||||
| general (iv) |
credit control |
||||||||
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
|
| 1970-71 |
6.38 |
6.00-6.50 |
7.00 |
7.25 |
7.00-8.50 |
– |
– |
– |
|
| 1971-72 |
5.16 |
6.00 |
6.50 |
7.25 |
8.50 |
– |
– |
12.00 |
|
| 1972-73 |
4.15 |
6.00 |
6.50 |
7.25 |
8.50 |
– |
– |
12.00 |
|
| 1973-74 |
7.83 |
6.00 |
7.00 |
7.25 |
8.50-9.00 |
– |
10.00-11.00 |
12.00-13.00 |
|
| 1974-75 |
12.82 |
6.75-8.00 |
7.75-9.00 |
8.00-10.00 |
9.00-13.50 |
– |
11.00-13.00 |
14.00-15.00 |
|
| 1975-76 |
10.55 |
8.00 |
9.00 |
10.00 |
14.00 |
16.50 |
12.50 |
14.00-15.00 |
|
| 1976-77 |
10.84 |
8.00 |
9.00 |
10.00 |
14.00 |
16.50 |
12.50 |
14.00-15.00 |
|
| 1977-78 |
9.28 |
6.00 |
8.00 |
9.00 |
13.00 |
15.00 |
12.50 |
14.00-15.00 |
|
| 1978-79 |
7.57 |
6.00 |
7.50 |
9.00 |
13.00 |
15.00 |
12.50 |
14.00-15.00 |
|
| 1979-80 |
8.47 |
7.00 |
8.50 |
10.00 |
16.50 |
18.00 |
12.50 |
15.50-18.00 |
|
| 1980-81 |
7.12 |
7.50-8.50 |
10.00 |
10.00 |
16.50 |
19.40-19.50 |
13.50 |
16.70-19.50 |
|
| 1981-82 |
8.96 |
8.00-9.00 |
10.00 |
10.00 |
16.50 |
19.50 |
– |
17.50-19.50 |
|
| 1982-83 |
8.78 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
19.50 |
– |
17.50-19.50 |
|
| 1983-84 |
8.63 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
18.00 |
– |
16.50-18.00 |
|
| 1984-85 |
9.95 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
18.00 |
– |
16.50-18.00 |
|
| 1985-86 |
10.00 |
8.50-9.00 |
10.00 |
11.00 |
16.50 |
17.50 |
– |
16.50-17.50 |
|
| 1986-87 |
9.99 |
8.50-9.00 |
10.00 |
11.00 |
16.50 |
17.50 |
– |
16.50-17.50 |
|
| 1987-88 |
9.88 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
16.50 |
– |
16.50 |
|
| 1988-89 |
9.77 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
– |
16.00 |
16.00 |
|
| 1989-90 |
11.49 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
– |
16.00 |
16.00 |
|
| 1990-91 |
15.85 |
9.00-10.00 |
11.00 |
11.00 |
16.50 |
– |
16.00 |
16.00 |
|
| 1991-92 |
19.57 |
12.00 |
13.00 |
13.00 |
16.50 |
– |
19.00 |
19.00 |
|
| 1992-93 |
14.42 |
11.00 |
11.00 |
11.00 |
19.00 |
– |
17.00 |
17.00 |
|
| 1993-94 |
6.99 |
10.00 |
10.00 |
10.00 |
19.00 |
– |
14.00 |
15.00 |
|
| 1994-95 |
9.40 |
11.00 |
11.00 |
11.00 |
15.00 |
– |
15.00 @ |
Free |
|
| 1995-96 |
17.73 |
12.00 |
13.00 ## |
13.00 |
## |
16.50 |
– |
16.50 @ |
Free |
| 1996-97 |
7.84 |
11.00-12.00 ## |
12.00-13.00 ## |
12.50-13.00 |
## |
14.50 |
– |
14.50-15.00 @ |
Free |
| 1997-98 |
8.69 |
10.50-11.00 ## |
11.50-12.00 ## |
11.50-12.00 |
## |
14.00 |
– |
14.00 @ |
Free |
| 1998-99 |
7.83 |
9.00-11.00 ## |
10.50-11.50 ## |
10.50-11.50 |
## |
12.00-14.00 |
– |
12.00-13.00 @ |
Free |
| 1999-00 |
8.87 |
8.50-9.50 ## |
10.00-10.50 ## |
10.00-10.50 |
## |
12.00 |
– |
12.00-12.50 @ |
Free |
| 2000-01 |
9.15 |
8.50-9.00 ## |
9.50-10.00 ## |
9.50-10.00 |
## |
11.50 |
– |
11.00- 12.00 @ |
Free |
| 2001-02 |
7.16 |
7.50-8.50 ## |
8.00-8.50 ## |
8.00-8.50 |
## |
11.50 |
– |
11.00-12.00 @ |
Free |
| 2002-03 |
5.89 |
4.25-6.00 ## |
5.50-6.25 ## |
5.50-6.25 |
## |
10.75 |
– |
10.75-11.50 @ |
Free |
| 2003-04 |
4.33 |
4.00-5.25 ## |
5.25-5.50 ## |
5.25-5.50 |
## |
10.25 |
– |
10.25-11.00 @ |
Free |
| 2004-05 |
4.55 |
5.25-5.50 ## |
5.75-6.25 ## |
5.75-6.25 |
## |
10.25 |
– |
10.25-10.75 @ |
Free |
| 2005-06 |
5.36 ^^ |
5.75-6.25 ^ |
6.25-6.50 ^ |
6.25-6.50 |
^ |
10.25 |
– |
10.25-10.75 @ |
Free |
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