Interest rates in India today
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.
Data as of 5 Aug 2026Source: rbi.org.in
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. Filter by product or lender type; every name links to that lender’s full set of rates.
- Bank of Baroda7.20%Up to 9.40% · Processing fee Up to 0.5%, often waivedBank of Baroda7.20%9.40%Up to 0.5%, often waived
- Punjab National Bank7.20%Up to 9.45% · Processing fee 0.35%, max ₹15,000Punjab National Bank7.20%9.45%0.35%, max ₹15,000
- State Bank of India7.25%Up to 9.20% · Processing fee 0.35%, min ₹2,000State Bank of India7.25%9.20%0.35%, min ₹2,000
- Union Bank of India7.35%Up to 9.50% · Processing fee Up to 0.5%Union Bank of India7.35%9.50%Up to 0.5%
- Canara Bank7.40%Up to 9.55% · Processing fee 0.5%, max ₹10,000Canara Bank7.40%9.55%0.5%, max ₹10,000
- ICICI Bank7.50%Up to 9.60% · Processing fee 0.5% + GSTICICI Bank7.50%9.60%0.5% + GST
- LIC Housing Finance7.50%Up to 9.75% · Processing fee Up to 0.25%LIC Housing Finance7.50%9.75%Up to 0.25%
- Kotak Mahindra Bank7.60%Up to 9.50% · Processing fee Up to 0.5%Kotak Mahindra Bank7.60%9.50%Up to 0.5%
- Bajaj Housing Finance7.70%Up to 10.50% · Processing fee Up to 1%Bajaj Housing Finance7.70%10.50%Up to 1%
- HDFC Bank7.75%Up to 9.65% · Processing fee Up to 0.5%, min ₹3,000HDFC Bank7.75%9.65%Up to 0.5%, min ₹3,000
- Tata Capital Housing7.75%Up to 10.75% · Processing fee Up to 1%Tata Capital Housing7.75%10.75%Up to 1%
- Axis Bank8.00%Up to 9.90% · Processing fee Up to 1%, min ₹10,000Axis Bank8.00%9.90%Up to 1%, min ₹10,000
as of 2026-08-15 · Lender rate cards and published comparisons, August 2026
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.
- Shivalik Small Finance Bank8.00%Senior citizen 8.50% · Best tenure Specified tenuresShivalik Small Finance Bank8.00%8.50%Specified tenures
- Unity Small Finance Bank8.00%Senior citizen 8.50% · Best tenure Specified tenuresUnity Small Finance Bank8.00%8.50%Specified tenures
- Jana Small Finance Bank7.80%Senior citizen 8.30% · Best tenure 2–3 yearsJana Small Finance Bank7.80%8.30%2–3 years
- Suryoday Small Finance Bank7.75%Senior citizen 8.25% · Best tenure 2–3 yearsSuryoday Small Finance Bank7.75%8.25%2–3 years
- Utkarsh Small Finance Bank7.75%Senior citizen 8.25% · Best tenure 2–3 yearsUtkarsh Small Finance Bank7.75%8.25%2–3 years
- Bank of Baroda6.75%Senior citizen 7.25% · Best tenure 555 days (Golden Goal)Bank of Baroda6.75%7.25%555 days (Golden Goal)
- Punjab National Bank6.60%Senior citizen 7.10% · Best tenure 390 daysPunjab National Bank6.60%7.10%390 days
- Axis Bank6.50%Senior citizen 7.25% · Best tenure 15–18 monthsAxis Bank6.50%7.25%15–18 months
- HDFC Bank6.50%Senior citizen 7.00% · Best tenure 15–21 monthsHDFC Bank6.50%7.00%15–21 months
- ICICI Bank6.50%Senior citizen 7.10% · Best tenure 15–18 monthsICICI Bank6.50%7.10%15–18 months
- Kotak Mahindra Bank6.50%Senior citizen 7.30% · Best tenure 2 to <3 yearsKotak Mahindra Bank6.50%7.30%2 to <3 years
- State Bank of India6.45%Senior citizen 7.05% · Best tenure 2 to <3 yearsState Bank of India6.45%7.05%2 to <3 years
as of 2026-08-15 · Bank rate cards and published comparisons, August 2026 (deposits below ₹3 crore)
What the government guarantees
July–September 2026 (Q2 FY 2026-27)
- Sukanya Samriddhi Yojana8.2%Tenure 21 years from opening · Taxation EEE — fully tax-freeSukanya Samriddhi Yojana8.2%21 years from openingEEE — fully tax-free
- Senior Citizen Savings Scheme8.2%Tenure 5 years, extendable by 3 · Taxation Interest fully taxable; TDS above ₹1 lakhSenior Citizen Savings Scheme8.2%5 years, extendable by 3Interest fully taxable; TDS above ₹1 lakh
- National Savings Certificate7.7%Tenure 5 years · Taxation Interest taxable but reinvested interest qualifies for 80CNational Savings Certificate7.7%5 yearsInterest taxable but reinvested interest qualifies for 80C
- Kisan Vikas Patra7.5%Tenure ~115 months (doubles) · Taxation Interest fully taxableKisan Vikas Patra7.5%~115 months (doubles)Interest fully taxable
- Post Office Monthly Income Scheme7.4%Tenure 5 years · Taxation Interest fully taxablePost Office Monthly Income Scheme7.4%5 yearsInterest fully taxable
- Public Provident Fund7.1%Tenure 15 years, extendable in 5-year blocks · Taxation EEE — fully tax-freePublic Provident Fund7.1%15 years, extendable in 5-year blocksEEE — fully tax-free
as of 2026-07-01 · Ministry of Finance quarterly notification
All rate tables
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.