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Chart Of The Day: Bank FD Rates From 1976

Chart Of The Day: Bank FD Rates From 1976

Deepak Shenoy1 min read
Quick Facts
What is "Chart Of The Day: Bank FD Rates From 1976" about?
What category is this article in?
Charts And Analysis
Who wrote this article?
Deepak Shenoy, Capitalmind's research team.
When was this article published?
Published 30 September 2020.
How long does this article take to read?
1 min read

The RBI has provided rates that banks used to give for one year deposits, all the way back to 1976. Here’s a plot of the “high” rates today (9.25 to 10%).

Much of the 90s was a 10 to 12% rate, and I remember that many bonds (IDBI etc.) offered 12%-14% to retail buyers.

Call money rates (this is inter-bank borrowing) peaked in the 1991 crisis and have come down substantially since.