Metrace

Datasets

India bank deposit rates

Posted fixed deposit rates for 22 Indian banks, rebuilt month by month from archived bank websites and rate cards. The Reserve Bank of India publishes bank-group averages. We found no vendor with this history bank by bank.

Banks
22: 8 public sector, 12 private, 2 small finance
Period
2021 to 2026; some banks from earlier
Rates
Every tenor on the bank's card; the one-year rate is the bucket that contains 365 days
Dates
The effective date the bank stated, and the capture date
Sources
Bank rate pages, rate-card PDFs and the data files behind them, as archived

One-year deposit rates and the repo rate

4%5%6%7%202120222023202420252026RBI repo rateBank of BarodaHDFC BankState Bank of India

General public, retail deposits. Each step is a change seen on the bank's own page or rate card.

Banks passed on less of the cuts

In the 2022 hikes the median bank raised its one-year rate by 1.70 points against a 2.50 point rise in the repo rate (16 banks). By February 2026 the median bank had cut it by 0.55 points against a 1.25 point cut (16 banks). 11 of the 12 banks seen in both cycles passed on a smaller share of the cuts.

2022 hikes2025 cuts0%25%50%75%100%IDFC FirstIDFC First: 16% of the 2025 cutsIDFC First: 40% of the 2022 hikesTamilnad MercantileTamilnad Mercantile: 16% of the 2025 cutsTamilnad Mercantile: 80% of the 2022 hikesHDFC BankHDFC Bank: 28% of the 2025 cutsHDFC Bank: 60% of the 2022 hikesUCO BankUCO Bank: 32% of the 2025 cutsUCO Bank: 74% of the 2022 hikesAxis BankAxis Bank: 36% of the 2025 cutsAxis Bank: 66% of the 2022 hikesCity Union BankCity Union Bank: 40% of the 2025 cutsCity Union Bank: 70% of the 2022 hikesPunjab National BankPunjab National Bank: 44% of the 2025 cutsPunjab National Bank: 72% of the 2022 hikesState Bank of IndiaState Bank of India: 44% of the 2025 cutsState Bank of India: 68% of the 2022 hikesBank of BarodaBank of Baroda: 48% of the 2025 cutsBank of Baroda: 70% of the 2022 hikesCentral Bank of IndiaCentral Bank of India: 52% of the 2025 cutsCentral Bank of India: 70% of the 2022 hikesFederal BankFederal Bank: 60% of the 2025 cutsFederal Bank: 66% of the 2022 hikesAU Small FinanceAU Small Finance: 72% of the 2025 cutsAU Small Finance: 44% of the 2022 hikes

Change in the one-year rate from the last capture before each cycle to March 2023 (hikes) and to February 2026 (cuts), divided by the change in the repo rate. Banks with a capture from June 2024 on before the cuts.

Checks

  • First 2022 rate rises dated as in news reports for all 7 banks checked
  • 13 of 16 State Bank of India rate changes recovered against the bank's own history file, with no false dates
  • Old and new rates read from the bank's own "existing rate" columns where the page shows them

Used for

  • Bank equity research: deposit costs and margins by bank
  • Rate pass-through studies with exact dates
  • Competitive pricing for banks and fintech lenders

Coverage by bank

BankGroupObservationsFirstLast
Bank of BarodaPublic sector262021-092025-12
Bank of IndiaPublic sector212023-012026-02
Canara BankPublic sector192024-032026-06
Central Bank of IndiaPublic sector262021-072026-07
Indian BankPublic sector262022-092026-09
Punjab National BankPublic sector322021-012026-07
State Bank of IndiaPublic sector392021-012026-08
UCO BankPublic sector332021-012026-07
Axis BankPrivate412018-122026-03
City Union BankPrivate272021-032026-07
DCB BankPrivate162021-042024-11
Federal BankPrivate322021-032026-07
HDFC BankPrivate562021-012026-04
ICICI BankPrivate432021-012026-05
IDFC FirstPrivate222020-092026-08
IndusIndPrivate162024-092026-10
Karnataka BankPrivate152021-022025-12
Karur VysyaPrivate32022-092023-02
Kotak MahindraPrivate42022-052023-02
Tamilnad MercantilePrivate222021-072026-01
AU Small FinanceSmall finance192021-062026-08
Suryoday Small FinanceSmall finance112021-022024-06

Request a sample

Tell us which countries, banks or series you cover. We will send a sample file and the field guide.

Email us