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Interest Rate on Bank Deposits (Local Currency) in Iran

Source: The Central Bank of the Islamic Republic of Iran
Last Updated: Jul 1, 2021

Interest rate on bank deposits reached 12.8 % in 2016 in Iran, according to the National Central Bank. This is 21.5 % less than in the previous year.

Historically, interest rate on bank deposits in Iran reached an all time high of 16.9 % in 2014 and an all time low of % in. When compared to Iran's main peers, interest rate on bank deposits in Iraq amounted to 4.78 % and 4.83 % in Pakistan in 2016.

Iran has been ranked 10th within the group of 144 countries we follow in terms of interest rate on bank deposits, 1 places above the position seen 10 years ago.

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

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