India: Deposit interest rate
* indicates monthly or quarterly data series
| India |
Bank deposit interest rate, percent |
|---|---|
| Latest value | 5.9 |
| Reference | January 2023 |
| Measure | percent |
| Source | Central Bank of India |
For that indicator, we provide data for India from March 2013 to January 2023. The average value for India during that period was 6.96 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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Measure: percent
Source: Central Bank of India
Source: Central Bank of India
Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.