RBI Lending and Deposit Rates of Scheduled Commercial Banks September 2026

The Reserve Bank of India has officially published data detailing the lending and deposit rates of scheduled commercial banks for the month of September 2026. This comprehensive report covers financial metrics received from scheduled commercial banks, excluding regional rural banks and small finance banks, providing deep insights into monetary trends.

Overview of RBI Bank Rates

The latest figures released by the Reserve Bank of India highlight key shifts in both lending and deposit structures across scheduled commercial banks in the country. Stakeholders, financial analysts, and banking customers can review these figures to understand current market liquidity and interest rate movements. The data sheds light on how weighted averages for outstanding and fresh rupee loans have fluctuated between July and August 2026, alongside September 2026 MCLR trends.

Key Details Table

Parameter	Detail
Organization	Reserve Bank of India (RBI)
Publication Date	September 30, 2026
Press Release Number	2026-2027/1224
Subject	Lending and Deposit Rates of Scheduled Commercial Banks
Target Audience	Financial Sector, Banks, Researchers, General Public
Official Portal	https://www.rbi.org.in

Lending Rates Highlights

The weighted average lending rate on outstanding rupee loans of scheduled commercial banks recorded a marginal decline to 8.96 per cent in August 2026, dropping slightly from 8.97 per cent in July 2026. Conversely, the weighted average lending rate on fresh rupee loans stood at 8.61 per cent in August 2026, showing an increase compared to 8.52 per cent in July 2026. Furthermore, the 1-year median Marginal Cost of Funds based Lending Rate of scheduled commercial banks decreased to 8.61 per cent in September 2026, down from 8.70 per cent in August 2026.

Sectoral movements in the weighted average lending rate for both fresh and outstanding rupee loans exhibited mixed trends during August 2026. Regarding benchmark linkages, the share of External Benchmark based Lending Rate linked loans in total outstanding floating rate rupee loans reached 68.2 per cent at the end of June 2026, advancing from 67.6 per cent at the end of March 2026. Meanwhile, the share of Marginal Cost of Funds based Lending Rate linked loans stood at 29.6 per cent at the end of June 2026, compared to 30.2 per cent at the end of March 2026.

Deposit Rates Highlights

Deposit structures also experienced adjustments during the reviewed period. The weighted average domestic term deposit rate on outstanding rupee term deposits of scheduled commercial banks declined to 6.56 per cent in August 2026, down from 6.58 per cent in July 2026. A more pronounced decrease was observed in the weighted average domestic term deposit rate on fresh rupee term deposits, which dropped to 5.67 per cent in August 2026 from 5.85 per cent in July 2026.

What Affected Parties and Readers Should Do Next

Borrowers, depositors, and financial institutions should closely monitor these interest rate movements when planning loans, fixed deposits, or revising internal benchmark pricing strategies. Individuals looking to avail of fresh rupee loans or lock into term deposits can utilize this statistical release to compare current market offerings. For complete statistical tables and detailed data breakdowns, interested parties should visit the official Reserve Bank of India website.

Important Dates Table

Event Description	Date
Release Date	September 30, 2026
Data Period Covered	August and September 2026