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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* indicates monthly or quarterly data series


Recent values


Economic outlook around the world

Longer historical series
Measure: percent
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.
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