Interest Rates Today : RBI Repo Rate, Home Loan, FD & Personal Loan Rates
Interest rates today are among the most important financial indicators for people planning to borrow money, invest savings or manage their monthly expenses. Whether you are looking for the latest RBI repo rate, home loan interest rates, fixed deposit (FD) rates, personal loan interest rates or savings account returns, understanding current rates can help you make better financial decisions.
In India, interest rates are influenced by the Reserve Bank of India (RBI), banking conditions, inflation, economic growth and individual lenders. Banks may revise their lending and deposit rates whenever market conditions change.
As of 1 November 2026, the RBI policy repo rate is reported at 5.50% following the October 2026 monetary policy decision. However, the interest rate offered by a bank to an individual customer may be different.
This guide explains interest rates today in India, compares indicative bank rates and answers common questions about borrowing and saving.
What Are Interest Rates?
An interest rate is the percentage charged by a lender for borrowing money or paid by a financial institution for keeping money deposited with it.
For example, if you borrow ₹5 lakh at an annual interest rate of 10%, the interest cost depends on the outstanding loan balance, repayment schedule and tenure.
Similarly, if you deposit ₹1 lakh in a fixed deposit offering 7% annual interest, you can earn interest according to the bank’s calculation method and selected payout option.
Interest rates generally fall into two categories:
- Lending interest rates: The rates charged on home loans, personal loans, education loans, vehicle loans and other borrowing products.
- Deposit interest rates: The returns offered on savings accounts, fixed deposits and recurring deposits.
RBI Repo Rate Today: 5.50%
The RBI repo rate is one of the most important indicators for understanding interest rates in India.
The repo rate is the rate at which the Reserve Bank of India lends short-term funds to eligible banks against government securities. Changes in this rate can influence borrowing costs, deposit rates and overall financial conditions.
As of 1 November 2026, the reported RBI policy repo rate is 5.50%. The RBI increased it by 25 basis points in its October 2026 monetary policy decision.
A basis point represents one-hundredth of a percentage point. Therefore, a 25-basis-point increase means the interest rate rises by 0.25 percentage points.
A change in the repo rate does not automatically mean every bank will immediately change its home loan, personal loan or FD rates. The impact depends on each bank’s funding costs, benchmark arrangements and pricing policies.
Home Loan Interest Rates Today in India
Home loan interest rates are important for people planning to purchase a house, construct a property or transfer an existing housing loan.
The rate offered by a lender depends on factors such as credit score, income, loan amount, property value, repayment capacity and whether the loan is fixed or floating.
Indicative starting rates published in a lender comparison reviewed on 1 November 2026 include:
| Bank or lender | Indicative starting home loan rate |
|---|---|
| Bank of Baroda | 7.40% p.a. |
| Punjab National Bank | 7.45% p.a. |
| State Bank of India | 7.50% p.a. |
| Bajaj Housing Finance | 7.50% p.a. |
| Kotak Mahindra Bank | 7.70% p.a. |
| HDFC Bank | 8.00% p.a. |
| Axis Bank | 8.20% p.a. |
| ICICI Bank | 8.75% p.a. |
These are indicative published starting rates, not guaranteed offers. The final rate may be higher depending on your eligibility and the lender’s assessment.
Before choosing a home loan, compare the annual interest rate, processing fee, loan tenure, prepayment conditions and total repayment amount.
Fixed Deposit Interest Rates Today
Fixed deposits are popular among people who want relatively predictable returns on their savings.
FD interest rates depend on the bank, deposit amount, tenure and customer category. Senior citizens may receive additional interest over the standard rates for eligible deposit tenures.
Indicative one-year FD rates for general customers reported on 1 November 2026 include:
| Bank | Indicative 1-year FD rate |
|---|---|
| Saraswat Bank | 7.00% |
| Bank of Baroda | 6.85% |
| Axis Bank | 6.70% |
| Kotak Mahindra Bank | 6.45% |
| State Bank of India | 6.25% |
| HDFC Bank | 6.25% |
| ICICI Bank | 6.25% |
FD rates can change without much notice. The rate also depends on the exact deposit tenure, amount and scheme.
Before investing, check whether the FD offers cumulative or regular interest payouts, the premature withdrawal penalty and the applicable tax treatment.
Remember that deposit insurance from DICGC is generally limited to ₹5 lakh per depositor per bank, including principal and interest, subject to the applicable rules.
Personal Loan Interest Rates Today
Personal loans are generally unsecured loans, meaning borrowers do not usually need to provide property or another asset as collateral.
The interest rate depends on the borrower’s credit score, income, employment, existing debt and relationship with the bank.
Customers with strong credit profiles may qualify for lower rates, while applicants with weaker repayment histories may receive higher interest rates or may not qualify.
Before taking a personal loan, compare:
- Annual interest rate and APR.
- Processing fee and applicable taxes.
- Loan tenure and monthly EMI.
- Foreclosure and part-payment charges.
- Late-payment penalties.
Do not select a loan only because it advertises a low starting interest rate. Check the actual rate offered to you.
Savings Account Interest Rates Today
Savings account interest rates are the returns banks provide on eligible account balances.
Unlike fixed deposits, savings accounts generally allow customers to withdraw money when required. However, their interest rates are usually lower than many fixed deposit rates.
The rate may vary by bank and account balance. Some banks use different interest-rate slabs, so customers with higher balances may receive a different rate.
Check the bank’s latest savings account rate card before opening an account or transferring a large balance.
Why Do Interest Rates Change?
Interest rates change because of several economic and financial factors.
1. RBI monetary policy: The RBI changes policy rates to influence inflation, liquidity and economic activity.
2. Inflation: Higher inflation can encourage tighter monetary policy, while lower inflation may create room for lower rates.
3. Economic growth: Interest-rate decisions also consider business investment, consumption and overall economic conditions.
4. Bank funding costs: Banks consider their cost of deposits and other funding sources when deciding lending and deposit rates.
5. Credit risk: Borrowers with different credit profiles may receive different loan interest rates.
6. Market competition: Banks and financial institutions may revise their rates to attract borrowers or depositors.
How to Get a Lower Interest Rate on Your Loan
If you are planning to apply for a home loan, personal loan or vehicle loan, these steps may help you obtain a more competitive offer:
- Maintain a healthy credit score and repayment history.
- Compare interest rates from multiple banks.
- Avoid applying for several loans unnecessarily.
- Reduce existing debt where possible.
- Choose a loan amount that matches your repayment capacity.
- Negotiate with your existing bank if you have a strong relationship.
- Compare the APR and total repayment cost rather than only the advertised rate.
A lower interest rate can reduce the total cost of borrowing, particularly for long-term loans.
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Frequently Asked Questions About Interest Rates Today
1. What is the RBI repo rate today?
As of 1 November 2026, the reported RBI policy repo rate is 5.50%, following the 25-basis-point increase announced in October 2026.
2. Which bank offers the lowest home loan interest rate?
Published starting rates can vary. A comparison reviewed on 1 November 2026 listed Bank of Baroda at approximately 7.40% per annum. Your actual rate will depend on eligibility and the bank’s assessment.
3. Which bank offers the highest FD interest rate?
The highest FD rate depends on the bank, tenure and customer category. Small finance banks may offer higher rates than some large banks, but customers should compare deposit insurance, liquidity and premature withdrawal conditions.
4. Do interest rates change when the RBI increases the repo rate?
They can change, but not necessarily immediately. Banks consider their funding costs, lending benchmarks and competitive conditions before revising their rates.
5. What is a good home loan interest rate in India?
A competitive home loan rate depends on current market conditions and your credit profile. Compare offers from multiple lenders and consider the APR, fees and total repayment cost.
6. Are FD interest rates higher for senior citizens?
Many banks offer additional interest to eligible senior citizens on selected fixed deposit tenures. The additional benefit and applicable rates vary by bank.
7. How can I check the latest bank interest rates?
Visit the official website of the bank and check its interest-rate or rate-card section. Confirm the effective date, deposit tenure or loan category before making a financial decision.
8. Does a higher credit score reduce loan interest rates?
A strong credit score may improve your chances of receiving a competitive loan offer. However, the final rate also depends on income, debt, loan amount and the lender’s policies.
9. What is the difference between fixed and floating interest rates?
A fixed interest rate generally remains unchanged for the agreed fixed-rate period. A floating interest rate can change according to its benchmark and the lender’s applicable terms.
10. Are the interest rates shown online guaranteed?
No. Published rates are usually indicative or subject to eligibility. Always confirm the final rate, charges and conditions directly with the bank or financial institution.
Final Verdict
Checking interest rates today is important before taking a loan or investing your savings. The RBI repo rate, home loan interest rates, personal loan rates, savings account returns and FD rates all influence different financial decisions.
As of 1 November 2026, the reported RBI repo rate is 5.50%, while individual banks publish different lending and deposit rates. These rates can change as economic conditions and bank policies evolve.
Before making a financial decision, compare current offers from multiple banks, check the official rate cards and understand the total cost or expected return. This will help you choose a financial product that suits your needs and repayment capacity.
Disclaimer: Interest rates are subject to change. Figures in this article are indicative, based on the sources and dates stated, and are not guaranteed financial offers or investment advice.
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