The benchmark interest rate in India was last recorded at 5.50 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about India Long Term Interest Rate

• India Government Securities Yield: 10 Years was reported at 6.71 % pa in Jan 2025, compared with 6.78 % pa in the previous month.
• India Long Term Interest Rate data is updated monthly, available from May 1996 to Jan 2025.
• The data reached an all-time high of 13.96 % pa in May 1996 and a record low of 5.11 % pa in Oct 2003.
• Long Term Interest Rate is reported by reported by Reserve Bank of India.

• In the latest reports, India Short Term Interest Rate: Month End: India: MIBOR: 3 Months was reported at 7.19 % pa in Jun 2023.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 6.50 % pa in Jan 2025.
• India Exchange Rate against USD averaged 82.23 (USD/INR) in Jun 2023.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for India (IRSTCB01INM156N) from Jan 1968 to Dec 2023 about overnight, India, interest rate, banks, interest, depository institutions, and rate.

Real interest rate (%) in India was reported at 1.7046 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for India (INDIR3TIB01STM) from Dec 2011 to Apr 2025 about interbank, India, 3-month, yield, interest rate, interest, and rate.

The dataset shows structure of interest rates

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 2011-12, 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 IIBI/ 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.

Lending interest rate (%) in India was reported at 8.5671 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Lending interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

India Key Interest Rate: Central Banks data was reported at 5.250 % in Dec 2026. This stayed constant from the previous number of 5.250 % for Sep 2026. India Key Interest Rate: Central Banks data is updated quarterly, averaging 6.500 % from Sep 2001 (Median) to Dec 2026, with 102 observations. The data reached an all-time high of 9.000 % in Sep 2008 and a record low of 4.000 % in Mar 2022. India Key Interest Rate: Central Banks data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Interest Rate: Forecast: Non OECD Member: Quarterly.

As of March 2025, ICICI Bank provided the lowest interest rates for its home loans in India, with an average of **** percent. Bank of Maharashtra accounted for the highest interest rate with an average of **** percent.

In the year 2022, lending interest rate in India stood at *** percent. This was a slight reduction from last year's rate of *** percent. Lending rate refers to the bank rate that generally caters to the short- and medium- term financing needs of the private sector.

India: Interest rates on bank credit to the private sector: The latest value from 2022 is 8.57 percent, a decline from 8.7 percent in 2021. In comparison, the world average is 11.81 percent, based on data from 93 countries. Historically, the average for India from 1978 to 2022 is 13.15 percent. The minimum value, 8.33 percent, was reached in 2010 while the maximum of 18.92 percent was recorded in 1992.

Key information about India Policy Rate

• India cash rate (Policy Rate: Month End: Repo Rate) was set at 6.25 % pa in Feb 2025, compared with 6.50 % pa in the previous Jan 2025.
• India Policy Rate averaged 6.50 % pa and is updated monthly, available from Apr 2001 to Feb 2025.
• The data reached an all-time high of 9.00 % pa in Sep 2008 and a record low of 4.00 % pa in Apr 2022.

• In the latest reports, India Short Term Interest Rate: Month End: India: MIBOR: 3 Months was reported at 7.19 % pa in Jun 2023.
• Its Long Term Interest Rate (Government Securities Yield: 10 Years) was reported at 6.71 % pa in Jan 2025.
• India Exchange Rate against USD averaged 82.23 (USD/INR) in Jun 2023.
• Its Real Effective Exchange Rate was 115.21 in Jan 2025.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for India (INDIR3TIB01STQ) from Q1 2012 to Q1 2025 about interbank, India, 3-month, yield, interest rate, interest, and rate.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for India Interest Rate.

India IN: Long-Term Interest Rate: Government Bonds data was reported at 6.250 % in 2026. This records a decrease from the previous number of 6.450 % for 2025. India IN: Long-Term Interest Rate: Government Bonds data is updated yearly, averaging 7.590 % from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of 13.601 % in 1996 and a record low of 5.386 % in 2003. India IN: Long-Term Interest Rate: Government Bonds data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Interest Rate: Forecast: Non OECD Member: Annual. IRL - Long-term interest rate on government bonds

India IN: Short-Term Interest Rate: Double Hit Scenario data was reported at 4.000 % in Dec 2020. This stayed constant from the previous number of 4.000 % for Sep 2020. India IN: Short-Term Interest Rate: Double Hit Scenario data is updated quarterly, averaging 6.750 % from Jun 2001 (Median) to Dec 2020, with 79 observations. The data reached an all-time high of 9.000 % in Sep 2008 and a record low of 4.000 % in Dec 2020. India IN: Short-Term Interest Rate: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Interest Rate: Forecast: Non OECD Member: Quarterly. IRS - Short-term interest rate Short-term interest:https://stats.oecd.org/glossary/detail.asp?ID=1394

Bank Lending Rate in India remained unchanged at 9.77 percent in June. This dataset provides - India Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Long-term interest rate in India, May, 2025 The most recent value is 6.27 percent as of May 2025, a decline compared to the previous value of 6.46 percent. Historically, the average for India from December 2011 to May 2025 is 7.32 percent. The minimum of 5.81 percent was recorded in July 2020, while the maximum of 8.99 percent was reached in April 2014. | TheGlobalEconomy.com

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for India (IRSTCI01INM156N) from Jan 1968 to Apr 2025 about interbank, overnight, India, interest rate, interest, and rate.

In financial year 2021, the effective interest rate on home loans was a little over three percent on average. This was a slight increase compared to the previous year, when the interest rate stood at 2.9 percent. This increase happened after years of decreasing interest rates.

The reasons for this decline over the last decade are the general decrease in the nominal interest rate as well as the introduction of governmental subsidy programs such as the Credit Linked Subsidy Scheme (CLSS). In general, home loans in 2020 were more affordable than in 2000.