Everything that moves when the RBI moves: policy rates, what lenders are charging, what banks are paying, and what the government guarantees — each figure dated and linked to where it came from.
RBI policy rates
Next Monetary Policy Committee review: 7 Oct 2026.
| Rate | Current level | What it means |
|---|---|---|
| Repo rate | 5.25% | Unchanged at the August 2026 MPC; stance neutral. |
| Standing Deposit Facility | 5.00% | Repo minus 25 bps. |
| Marginal Standing Facility | 5.50% | Repo plus 25 bps. |
| Bank rate | 5.50% | Aligned to MSF. |
| Cash Reserve Ratio | 3.00% | Share of deposits banks park with the RBI. |
| Statutory Liquidity Ratio | 18.00% | Minimum holding of government securities. |
Checked at source 5 Aug 2026 · rbi.org.in
Worth knowing: the repo rate is what banks pay the RBI for short-term funds. Nearly every floating-rate retail loan in India is now linked to it through the External Benchmark Lending Rate, so a repo cut passes through to home loan EMIs within a quarter — while deposit rates typically fall faster. Which side of that you want to be on is the whole argument in fixed vs floating home loans.
What lenders are charging
The advertised rate and the same lender’s own published ceiling, side by side. The gap between them is set by your credit band, not by negotiation.
| Lender | From | Up to | Processing fee |
|---|---|---|---|
| Bank of Baroda | 7.20% | 9.40% | Up to 0.5%, often waived |
| Punjab National Bank | 7.20% | 9.45% | 0.35%, max ₹15,000 |
| State Bank of India | 7.25% | 9.20% | 0.35%, min ₹2,000 |
| Union Bank of India | 7.35% | 9.50% | Up to 0.5% |
| Canara Bank | 7.40% | 9.55% | 0.5%, max ₹10,000 |
| ICICI Bank | 7.50% | 9.60% | 0.5% + GST |
| LIC Housing Finance | 7.50% | 9.75% | Up to 0.25% |
| Kotak Mahindra Bank | 7.60% | 9.50% | Up to 0.5% |
| Bajaj Housing Finance | 7.70% | 10.50% | Up to 1% |
| HDFC Bank | 7.75% | 9.65% | Up to 0.5%, min ₹4,000 |
| Tata Capital Housing | 7.75% | 10.75% | Up to 1% |
| Axis Bank | 8.00% | 9.90% | Up to 1%, min ₹10,000 |
as of 2026-08-15 · Published lender comparisons, cross-checked against our rate table.
These are home loan rates; the full set with our ranking is at home loan interest rates, and unsecured borrowing is priced separately at personal loan interest rates. To turn any row above into a monthly figure, use the EMI calculator.
What banks are paying
Deposit rates, highest first. Small finance banks lead this table — DICGC insurance covers ₹5 lakh per depositor per bank, so size the deposit to that rather than to the rate.
| Bank | General | Senior citizen | Best tenure |
|---|---|---|---|
| Suryoday Small Finance Bank | 8.25% | 8.50% | 5 years exactly |
| Utkarsh Small Finance Bank | 8.10% | 8.25% | 666 days |
| Shivalik Small Finance Bank | 8.00% | 8.25% | 23 months 1 day to 27 months |
| Unity Small Finance Bank | 8.00% | 8.50% | 501 days |
| Jana Small Finance Bank | 8.00% | 8.30% | Over 2 years to 3 years |
| Bank of Baroda | 6.75% | 7.25% | 555 days (Golden Goal) |
| Kotak Mahindra Bank | 6.65% | 7.15% | 2 years to under 3 years |
| Punjab National Bank | 6.60% | 7.10% | 444 days |
| Axis Bank | 6.50% | 7.25% | 18 months to 10 years (senior rate at 5–10 years) |
| HDFC Bank | 6.50% | 7.10% | 3 years 1 day to under 4 years 7 months |
| ICICI Bank | 6.50% | 7.10% | 3 years 1 day to 5 years |
| State Bank of India | 6.45% | 7.05% | 444 days (Amrit Vrishti); senior rate at 5–10 years |
as of 2026-10-02 · Each bank’s own rate page or rate card, deposits below ₹3 crore.
The ranked version of this table, with the tenure catches spelled out, is at the best FD rates.
What the government guarantees
July–September 2026 (Q2 FY 2026-27).
| Scheme | Rate | Tenure | Taxation |
|---|---|---|---|
| Sukanya Samriddhi Yojana | 8.2% | 21 years from opening | EEE — fully tax-free |
| Senior Citizen Savings Scheme | 8.2% | 5 years, extendable by 3 | Interest fully taxable; TDS above ₹1 lakh |
| National Savings Certificate | 7.7% | 5 years | Interest taxable but reinvested interest qualifies for 80C |
| Kisan Vikas Patra | 7.5% | ~115 months (doubles) | Interest fully taxable |
| Post Office Monthly Income Scheme | 7.4% | 5 years | Interest fully taxable |
| Public Provident Fund | 7.1% | 15 years, extendable in 5-year blocks | EEE — fully tax-free |
as of 2026-07-01 · Ministry of Finance quarterly notification.
These are reset every quarter by notification, unlike the bank rates above, which move whenever a lender decides.
All rate tables
- RBI policy rates — updated 5 Aug 2026
- Home loan rates — updated 15 Aug 2026
- Personal loan rates — updated 15 Aug 2026
- Fixed deposit rates — checked at source 2 Oct 2026
- Small savings schemes — updated 1 Jul 2026
- Brokerage charges — updated 15 Aug 2026
- Life insurer claim ratios — updated 15 Aug 2026
Or browse by provider: every bank and lender we hold a rate for, with each one’s home loan, personal loan and deposit rates on a single page.
Related reading
About Credsir
What Credsir is, why it exists, and the rules every figure on the site has to follow.
6 Sep 2026 · 2 min
Banking
Savings accounts, fixed deposits and current accounts compared on the numbers that matter — interest, minimum balance penalties, and the fee schedule nobody reads.
15 Sep 2026 · 1 min
Banks and lenders, rate by rate
Every provider we hold a rate for — 24 in total — with the home loan, personal loan and fixed deposit rates each one publishes.
2 Oct 2026 · 2 min