Bank and policy interest rates
Bank lending and deposit rates
India’s average rate on new bank loans was 8.61% in August 2026
8.61%
Data through
Scheduled commercial banks, excluding regional rural banks and small finance banks
Terms in this reading
- WALR
- Weighted average lending rate, an average of bank lending rates weighted by the relevant loan amounts. Fresh-loan and outstanding-loan rates are different measures. Definition and conventions
- WADTDR
- Weighted average domestic term-deposit rate, an average of rates on domestic term deposits weighted by deposit amounts. Fresh and outstanding deposit rates are separate measures. Definition and conventions
- MCLR
- Marginal cost of funds based lending rate, a bank’s published lending benchmark. It is not the same as every borrower’s actual loan rate. Definition and conventions
Notes
Only published observations are shown. Missing periods are not zero and have not been interpolated.
Weighted lending and deposit rates measure fresh and outstanding rupee business separately. The one-year median has its own observation month. This release reports aggregate banks, not individual borrowing offers.
Weighted-average lending and term-deposit rates measure the published bank cohort. The marginal-cost lending-rate measure is a median, not a weighted average. Its month can differ from the loan and deposit rates.
Policy repo rates are a separate central-bank decision series, not these customer loan rates.
Dated revision tables retain the earlier and later reported values. Publication references identify the official release that revised each observation.
Publication cadence: Monthly. Missing observations are not zero.
Average rate on new bank loans
Average rate on new bank loans: 22 observations shown, from November 2024 through August 2026.
| Period | Percent |
|---|---|
| November 2024 | 9.4% |
| December 2024 | 9.3% |
| January 2025 | 9.3% |
| February 2025 | 9.4% |
| March 2025 | 9.3% |
| April 2025 | 9.3% |
| May 2025 | 9.2% |
| June 2025 | 8.6% |
| July 2025 | 8.8% |
| August 2025 | 8.7% |
| September 2025 | 8.5% |
| October 2025 | 8.6% |
| November 2025 | 8.7% |
| December 2025 | 8.3% |
| January 2026 | 8.5% |
| February 2026 | 8.4% |
| March 2026 | 8.4% |
| April 2026 | 8.5% |
| May 2026 | 8.5% |
| June 2026 | 8.5% |
| July 2026 | 8.5% |
| August 2026 | 8.6% |
data.indiadispatch.com
Lending rate on new rupee loans
| Month | Rate | Source release |
|---|---|---|
| August 2026 | 8.61% | 30 September 2026 |
| July 2026 | 8.52% | 30 September 2026 |
| June 2026 | 8.53% | 31 August 2026 |
| May 2026 | 8.51% | 31 July 2026 |
| April 2026 | 8.5% | 30 June 2026 |
| March 2026 | 8.4% | 29 May 2026 |
| February 2026 | 8.44% | 30 April 2026 |
| January 2026 | 8.49% | 30 March 2026 |
| December 2025 | 8.28% | 27 February 2026 |
| November 2025 | 8.71% | 30 January 2026 |
| October 2025 | 8.61% | 31 December 2025 |
| September 2025 | 8.5% | 28 November 2025 |
| August 2025 | 8.74% | 31 October 2025 |
| July 2025 | 8.81% | 30 September 2025 |
| June 2025 | 8.62% | 29 August 2025 |
| May 2025 | 9.2% | 31 July 2025 |
| April 2025 | 9.26% | 30 June 2025 |
| March 2025 | 9.35% | 30 May 2025 |
| February 2025 | 9.4% | 30 April 2025 |
| January 2025 | 9.32% | 27 March 2025 |
| December 2024 | 9.25% | 28 February 2025 |
| November 2024 | 9.4% | 31 January 2025 |
data.indiadispatch.com
Lending rate on outstanding rupee loans
| Month | Rate | Source release |
|---|---|---|
| August 2026 | 8.96% | 30 September 2026 |
| July 2026 | 8.97% | 30 September 2026 |
| June 2026 | 8.96% | 31 August 2026 |
| May 2026 | 8.97% | 31 July 2026 |
| April 2026 | 8.98% | 30 June 2026 |
| March 2026 | 8.99% | 29 May 2026 |
| February 2026 | 9% | 30 April 2026 |
| January 2026 | 9.04% | 30 March 2026 |
| December 2025 | 9.06% | 27 February 2026 |
| November 2025 | 9.21% | 30 January 2026 |
| October 2025 | 9.24% | 31 December 2025 |
| September 2025 | 9.26% | 28 November 2025 |
| August 2025 | 9.32% | 31 October 2025 |
| July 2025 | 9.38% | 30 September 2025 |
| June 2025 | 9.44% | 29 August 2025 |
| May 2025 | 9.69% | 31 July 2025 |
| April 2025 | 9.7% | 30 June 2025 |
| March 2025 | 9.77% | 30 May 2025 |
| February 2025 | 9.8% | 30 April 2025 |
| January 2025 | 9.87% | 27 March 2025 |
| December 2024 | 9.88% | 28 February 2025 |
| November 2024 | 9.89% | 31 January 2025 |
data.indiadispatch.com
Deposit rate on new rupee term deposits
| Month | Rate | Source release |
|---|---|---|
| August 2026 | 5.67% | 30 September 2026 |
| July 2026 | 5.85% | 30 September 2026 |
| June 2026 | 5.99% | 31 August 2026 |
| May 2026 | 5.83% | 31 July 2026 |
| April 2026 | 5.79% | 30 June 2026 |
| March 2026 | 6.07% | 29 May 2026 |
| February 2026 | 5.65% | 30 April 2026 |
| January 2026 | 5.66% | 30 March 2026 |
| December 2025 | 5.67% | 27 February 2026 |
| November 2025 | 5.59% | 30 January 2026 |
| October 2025 | 5.57% | 31 December 2025 |
| September 2025 | 5.61% | 28 November 2025 |
| August 2025 | 5.56% | 31 October 2025 |
| July 2025 | 5.61% | 30 September 2025 |
| June 2025 | 5.75% | 29 August 2025 |
| May 2025 | 6.11% | 31 July 2025 |
| April 2025 | 6.34% | 30 June 2025 |
| March 2025 | 6.65% | 30 May 2025 |
| February 2025 | 6.49% | 30 April 2025 |
| January 2025 | 6.56% | 27 March 2025 |
| December 2024 | 6.57% | 28 February 2025 |
| November 2024 | 6.46% | 31 January 2025 |
data.indiadispatch.com
Deposit rate on outstanding rupee term deposits
| Month | Rate | Source release |
|---|---|---|
| August 2026 | 6.56% | 30 September 2026 |
| July 2026 | 6.58% | 30 September 2026 |
| June 2026 | 6.58% | 31 July 2026 |
| May 2026 | 6.57% | 31 July 2026 |
| April 2026 | 6.59% | 30 June 2026 |
| March 2026 | 6.62% | 29 May 2026 |
| February 2026 | 6.62% | 30 March 2026 |
| January 2026 | 6.64% | 30 March 2026 |
| December 2025 | 6.68% | 27 February 2026 |
| November 2025 | 6.73% | 30 January 2026 |
| October 2025 | 6.78% | 31 December 2025 |
| September 2025 | 6.82% | 28 November 2025 |
| August 2025 | 6.87% | 31 October 2025 |
| July 2025 | 6.92% | 30 September 2025 |
| June 2025 | 7% | 29 August 2025 |
| May 2025 | 7.07% | 31 July 2025 |
| April 2025 | 7.1% | 30 June 2025 |
| March 2025 | 7.03% | 30 May 2025 |
| February 2025 | 7.02% | 30 April 2025 |
| January 2025 | 7.02% | 28 February 2025 |
| December 2024 | 7% | 28 February 2025 |
| November 2024 | 6.98% | 31 January 2025 |
data.indiadispatch.com
One-year marginal-cost lending-rate median
| Month | Rate | Source release |
|---|---|---|
| September 2026 | 8.61% | 30 September 2026 |
| August 2026 | 8.7% | 30 September 2026 |
| July 2026 | 8.6% | 31 August 2026 |
| June 2026 | 8.5% | 31 July 2026 |
| May 2026 | 8.65% | 30 June 2026 |
| April 2026 | 8.55% | 29 May 2026 |
| March 2026 | 8.4% | 30 April 2026 |
| February 2026 | 8.45% | 30 March 2026 |
| January 2026 | 8.4% | 27 February 2026 |
| December 2025 | 8.45% | 30 January 2026 |
| November 2025 | 8.5% | 31 December 2025 |
| October 2025 | 8.55% | 28 November 2025 |
| September 2025 | 8.6% | 31 October 2025 |
| August 2025 | 8.6% | 29 August 2025 |
| July 2025 | 8.75% | 29 August 2025 |
| June 2025 | 8.9% | 31 July 2025 |
| May 2025 | 8.95% | 30 June 2025 |
| April 2025 | 9% | 30 May 2025 |
| March 2025 | 9% | 27 March 2025 |
| February 2025 | 9.05% | 27 March 2025 |
| January 2025 | 9% | 28 February 2025 |
data.indiadispatch.com
Published numerical and status revisions
| Observation | Measure | Before revision | After revision | Publication |
|---|---|---|---|---|
| July 2025 | Lending rate on new rupee loans · Value | 8.8% | 8.81% | RBI release 61326 |
| August 2025 | Lending rate on new rupee loans · Value | 8.75% | 8.74% | RBI release 61545 |
| October 2025 | Lending rate on new rupee loans · Value | 8.64% | 8.61% | RBI release 61932 |
| January 2026 | Lending rate on new rupee loans · Value | 8.67% | 8.49% | RBI release 62471 |
| December 2024 | Lending rate on outstanding rupee loans · Value | 9.87% | 9.88% | RBI release 59880 |
| June 2025 | Lending rate on outstanding rupee loans · Value | 9.48% | 9.44% | RBI release 61123 |
| February 2025 | Deposit rate on new rupee term deposits · Value | 6.48% | 6.49% | RBI release 60338 |
| April 2025 | Deposit rate on new rupee term deposits · Value | 6.3% | 6.34% | RBI release 60744 |
| September 2025 | Deposit rate on new rupee term deposits · Value | 5.6% | 5.61% | RBI release 61703 |
| April 2026 | Deposit rate on new rupee term deposits · Value | 5.77% | 5.79% | RBI release 63049 |
| May 2026 | Deposit rate on new rupee term deposits · Value | 5.84% | 5.83% | RBI release 63271 |
| July 2026 | Deposit rate on new rupee term deposits · Value | 5.9% | 5.85% | RBI release 63702 |
| April 2025 | Deposit rate on outstanding rupee term deposits · Value | 7.01% | 7.1% | RBI release 60744 |
| June 2025 | Deposit rate on outstanding rupee term deposits · Value | 6.99% | 7% | RBI release 61123 |
data.indiadispatch.com
Revision-source publications
| Publication | Release date | Official source |
|---|---|---|
| RBI release 61326 | 30 September 2025 | Official source |
| RBI release 61545 | 31 October 2025 | Official source |
| RBI release 61932 | 31 December 2025 | Official source |
| RBI release 62471 | 30 March 2026 | Official source |
| RBI release 59880 | 28 February 2025 | Official source |
| RBI release 61123 | 29 August 2025 | Official source |
| RBI release 60338 | 30 April 2025 | Official source |
| RBI release 60744 | 30 June 2025 | Official source |
| RBI release 61703 | 28 November 2025 | Official source |
| RBI release 63049 | 30 June 2026 | Official source |
| RBI release 63271 | 31 July 2026 | Official source |
| RBI release 63702 | 30 September 2026 | Official source |
data.indiadispatch.com
Source: Reserve Bank of India, India Dispatch Research
Cite this reading
India by the numbers, Bank lending and deposit rates, August 2026. 8.61%. Source: Reserve Bank of India. https://data.indiadispatch.com/payments/lending-rates
Published content updated . This is separate from the source observation period.
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