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Date : Sep 15, 2010
Table 74 : Structure of Interest Rates

(Percent per annum)

Year

Call/Notice money rates

Commercial bank rates

Deposit rates

Lending rates

1 to 3 yrs.

Over 3 yrs. & upto 5 yrs.

Above 5 yrs.

SBI advance rate

Key lending rates as prescribed by RBI (All commercial banks including SBI)

Ceiling rate general

Minimum rate general

Minimum rate selective credit control

1

2

3

4

5

6

7

8

9

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

-

16.5

1988-89

9.77

9.00-10.00

10.00

10.00

16.50

-

16.00

16

1989-90

11.49

9.00-10.00

10.00

10.00

16.50

-

16.00

16

1990-91

15.85

9.00-10.00

11.00

11.00

16.50

-

16.00

16

1991-92

19.57

12.00

13.00

13.00

16.50

-

19.00

19

1992-93

14.42

11.00

11.00

11.00

19.00

-

17.00

17

1993-94

6.99

10.00

10.00

10.00

19.00

-

14.00

15

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

8.50-9.50

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

4.62

4.00-5.25

5.25-5.50

5.25-5.50

10.25

-

10.25-11.00

Free

2004-05

4.65

5.25-5.50

5.75-6.25

5.75-6.25

10.25

-

10.25-10.75

Free

2005-06

5.60

6.00-6.50

6.25-7.00

6.25-7.00

10.25

-

10.25-10.75

Free

2006-07

7.22

7.50-9.00

7.75-9.00

7.75-9.00

12.25

-

12.25-12.50

Free

2007-08

6.07

8.25-8.75

7.50-9.00

7.50-9.00

12.25

-

12.25-12.75

Free

2008-09

7.06

8.00-8.75

7.75-8.50

7.75-8.50

12.25

-

11.50-12.50

Free

2009-10

3.24

6.00-7.00

6.50-7.50

6.50-7.50

11.75

-

11.00-12.00

Free

2010-11

4.51

6.75-7.25

7.00-7.25

7.00-7.75

7.50

-

7.50-8.00

Free

(Continued)


TABLE 74 : STRUCTURE OF INTEREST RATES (Concld.)

(Per cent per annum)

Year

Prime Lending Rates of Term Lending Institutions

Units of UTI (July-June)

Annual (Gross) Redemption Yield of Government of India Securities

IDBI

IFCI

ICICI

IIBI/ IRBI

SFCs

Divid- end Rate

Yield Rate

Short-Term

Medium-Term

Long-Term

(1-5yrs.)

(5-15yrs.)

(15yrs. & Above)

1

10

11

12

13

14

15

16

17

18

19

1975-76

11.00
(8.00-11.00)

12.00

11.00

8.50

8.00-14.50

8.75

8.33

5.20-6.04

5.47-6.02

6.08-6.48

1976-77

11.00
(8.00-11.00)

11.00

11.00

8.50

8.00-15.50

9.00

8.51

5.18-5.59

5.43-5.97

6.02-6.47

1977-78

11.00
(8.00-11.00)

11.00

11.00

8.50

8.00-15.50

9.00

7.96

5.06-5.59

5.42-5.98

6.03-6.46

1978-79

11.00
(8.00-11.00)

11.00

11.00

8.50

8.00-15.50

9.00

7.67

5.12-5.48

5.47-6.25

6.12-6.73

1979-80

11.00
(8.00-11.00)

11.00

11.00

8.50

8.00-15.50

10.00

8.56

4.70-5.74

5.70-6.30

6.20-6.98

1980-81

14.00
(12.00-14.50)

14.00

14.00

9.15

12.00-16.00

11.50

9.62

4.74-6.01

5.80-6.75

6.44-7.49

1981-82

14.00
(12.50-14.00)

14.00

14.00

9.15

11.25-14.00

12.50

10.29

5.32-6.43

5.81-7.02

6.45-8.00

1982-83

14.00
(12.50-14.50)

14.00

14.00

12.50

12.50-17.00

13.50

10.65

4.98-8.46

6.25-7.77

6.46-9.00

1983-84

14.00
(11.50-16.50)

14.00

14.00

12.50

14.00-18.00

14.00

10.49

4.50-7.08

6.67-9.04

6.47-10.00

1984-85

14.00
(12.50-18.50)

14.00

14.00

12.50

14.00-20.00

14.25

10.44

4.20-8.31

6.47-9.04

7.93-10.50

1985-86

14.00
(11.50-16.50)

14.00

14.00

12.50

11.50-16.50

15.25

11.75

5.42-9.84

6.49-9.50

8.38-11.50

1986-87

14.00
(11.50-16.50)

14.00

14.00

12.50

11.50-16.50

16.00

12.27

5.09-11.60

6.50-10.86

8.88-11.50

1987-88

14.00
(11.50-16.50)

14.00

14.00

14.00

11.50-16.50

16.50

12.56

6.86-15.78

6.51-11.73

9.17-11.50

1988-89

14.00
(11.50-16.50)

14.00

14.00

14.00

11.50-16.50

18.00

13.58

7.03-23.88

6.76-13.77

9.36-11.73

1989-90

14.00
(11.50-16.50)

14.00

14.00

14.00

11.50-16.50

18.00

13.35

7.56-18.36

7.69-15.06

10.05-11.80

1990-91

14.00-15.00

14.00-15.00

14.00-15.00

14.00-15.00

9.00-20.00

19.50

14.03

7.04-21.70

9.44-12.70

10.86-12.04

1991-92

18.00-20.00

18.00-20.00

18.00-20.00

18.00-20.00

9.00-20.00

25.00

16.40

8.37-26.26

9.50-13.42

9.91-12.38

1992-93

17.00-19.00

17.00-19.00

17.00-19.00

18.50-21.00

(11.50-20.00)

26.00

19.06

9.08-23.77

9.50-14.78

8.82-12.47

1993-94

14.50-17.50

14.50-17.50

14.50-17.50

14.50-17.50

(11.50-20.00)

26.00

17.68

11.86-12.86

12.70-13.30

12.85-13.43

1994-95

15.00

14.50-18.50

14.00-17.50

14.50-17.50

(12.00-13.50)

26.00

16.33

9.75-11.76

11.30-13.86

11.77-13.47

1995-96

16.00-19.00

16.00-20.00

14.00

15.50-18.50

(12.00-13.50)

20.00

12.66

6.00-14.28

5.75-14.07

11.84-13.02

1996-97

16.20

15.00-19.50

16.50

17

(12.00-27.50)

20.00

13.95

5.21-16.21

5.75-14.44

9.00-14.20

1997-98

13.30

14.50-18.00

14.00-14.50

12.50-13.50

(12.00-18.00)

20.00

13.85

5.50-17.69

5.20-14.00

9.00-13.17

1998-99

13.50

13.50-17.00

13.00

-

12.00-18.50

13.50

9.46

4.45-17.73

5.75-13.74

10.00-13.46

1999-00

13.60-17.10

13.50-17.00

12.50

14

12.00-18.00

13.75

10.19

3.18-14.30

6.50-13.84

9.79-13.11

2000-01

14.00

13.00

12.50

13.25

9.75-17.00

10.00

7.32

4.94-16.66

9.37-12.50

10.58-11.89

2001-02

11.50

12.50

12.50

11.5

9.50-16.75

-

-

5.32-10.96

5.14-13.85

7.41-10.86

2002-03

10.20

12.50

-

11

9.50-14.50

-

-

5.12-10.98

5.60-9.27

6.10-8.76

2003-04

8.90

12.50

-

8.5

9.50-14.51

-

-

3.93-7.16

4.41-6.78

5.44-7.72

2004-05

-

12.50

-

8.5

9.50-14.51

-

-

4.32-8.14

4.71-7.73

5.43-7.83

2005-06

-

12.50

-

8.5

9.50-13.00

-

-

2.84-8.57

6.49-7.92

7.08-7.85

2006-07

-

-

-

-

9.50-14.50

-

-

6.23-11.37

6.61-8.67

7.47-10.00

2007-08

-

-

-

-

9.50-15.00

-

-

6.95-9.93

6.87-10.55

6.17-8.88

2008-09

-

-

-

-

-

-

-

4.61-11.09

5.50-10.69

6.27-8.26

2009-10

-

-

-

-

-

-

-

3.25 -8.28

6.00 -9.23

7.25 -8.54

2010-11

-

-

-

-

-

-

-

-

-

-

Note: 1.  For the year 1995-96, interest rate on deposits of maturity above 3 years, and from 1996-97 onwards, interest rates on deposit for all the maturities refer to the deposit rates of 5 major public sector banks as at end-March.
         2.From 1994-95 onwards, data on minimum general key lending rates prescribed by RBI refers to the prime lending rates of 5 major public sector banks.
        3. For 2010-11, data on deposit rates and Base rates of 5 major public sector banks refer to the period up to July 31, 2010. From July 1, 2010 BPLR System is replaced by Base Rate System. Accordingly the data reflects the Base Rate of five major public sector banks. Data for 2010-11 for Call/Notice Money rates are average of April-July 2010.
         4. Data for dividend rate and yield rate for units of UTI are based on data received from Unit Trust of India.
         5. Data on annual(gross) redemption yield of Government of India securities are based on redemption yield which is computed from 2000-01 as the mean of the daily weighted average yield of the transactions in each traded security. The weight is calculated as the share of the transaction in a given security in the aggregated value.
         6. Data on prime lending rates for IDBI, IFCI and ICICI for the year 1999-00 relates to long-term prime lending rates in January 2000.
         7. Data on prime lending rates for State Financial Corporation for all the years and for other term lending institutions from 2002-03 onwards relate to long-term (over 36-month) PLR.
         8. Data on prime lending rate of IIBl/IRBI from 2003-04 onwards relate to single PLR effective July 31, 2003.
         9. IDBI ceased to be term lending institution on its conversion into a banking entity effective October 11, 2004.
         10. ICICI ceased to be a term-lending institution after its merger with ICICI Bank.
         11. Figures in brackets indicate lending rate charged to small-scale industries.
         12. IFCI has become a non-bank financial company.
         13. IIBI is in the process of voluntary winding up.
Also see Notes on Tables.
Source: Respective financial institutions and Reserve Bank of India.


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