RBI Publishes 8.50% Lending, 5.77% Deposit Rates

May 29, 2026

Lending and Deposit Rates of Scheduled Commercial Banks – May 2026

Relevant Extracted Data –

Surveys or reports

• Weighted average lending rate (WALR) on fresh rupee loans of scheduled commercial banks (excluding regional rural banks and small finance banks) was 8.50% in April 2026, up from 8.40% in March 2026.
• WALR on outstanding rupee loans stood at 8.98% in April 2026, marginally lower than 8.99% in March 2026.
• 1‑Year median Marginal Cost of Funds based Lending Rate (MCLR) was 8.65% in May 2026, compared with 8.55% in April 2026.
• Weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits was 5.77% in April 2026, down from 6.07% in March 2026.
• WADTDR on outstanding rupee term deposits declined to 6.59% in April 2026 from 6.62% in March 2026.