India: Deposit interest rate

* indicates monthly or quarterly data series
 India

Bank deposit interest rate, percent

 Latest value 6.7
 Reference September 2023
 Measure percent
 Data availability March 2013 - September 2023
 Average 6.93
 Min - Max 5.02 - 8.91
 Source Central Bank of India
For that indicator, we provide data for India from March 2013 to September 2023. The average value for India during that period was 6.93 percent with a minimum of 5.02 percent in February 2022 and a maximum of 8.91 percent in September 2013. Click on the following link to see the values of Bank deposit interest rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values chart
India - Deposit interest rate - recent values

Historical chart
India - Deposit interest rate - historical chart - 2013-2023
Measure: percent
Source: Central Bank of India


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Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.

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 Inflation, annual 5.02 9/2023 percent
 Private sector credit 141,525.00 9/2023 billion
 Business credit 93,256.67 9/2023 billion
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 Mortgage credit 24,766.97 9/2023 billion
 Consumer credit 23,501.36 9/2023 billion
 Deposit interest rate 6.70 9/2023 percent
 Policy rate 6.50 9/2023 percent
 Household debt to GDP 37.20 9/2023 percent
 Debt service ratios for private non-financial sector 10.80 Q3/2023 percent
 USD exchange rate 83.0799 9/2023 Local Currency Units per USD
 Exchange rate regimes 7 2021 index points
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