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Interest Rate on Bank Deposits (Local Currency) in India

Source: OECD, Reserve Bank of India
Last Updated: Jul 1, 2021

Interest rate on bank deposits reached % in in India, according to the National Central Bank. This is the same as in the previous year.

Historically, interest rate on bank deposits in India reached an all time high of % in and an all time low of % in.

India has been ranked within the group of 0 countries we follow in terms of interest rate on bank deposits.

The deposit interest rate is the rate paid by commercial or similar banks for deposits.

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