Prime Interest Rate Today 2024 In India. Deposit rates for above rs.10 crore are available from treasury department co. 10 years was reported at 6.90 % pa in aug 2024, compared with 6.98 % pa in the previous month.
Since the base rate is the minimum rate for all loans, banks are not permitted to resort to any lending below the base rate. The state bank of india has increased its base rate and benchmark prime lending rate on wednesday by 70 basis points (bps) to 8.7% and 13.45%, respectively.
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