Interest rate on bank deposits fell 59.0% to 0.705% in Mauritius in 2021, according to the National Central Bank.
Historically, interest rate on bank deposits in Mauritius reached an all time high of 12.6% in 1990 and an all time low of 0.705% in 2021. When compared to Mauritius's main peers, interest rate on bank deposits in Comoros amounted to 1.75%, 13.8% in Madagascar, 3.69% in Maldives and 2.86% in Seychelles in 2021.
Mauritius has been ranked 76th within the group of 96 countries we follow in terms of interest rate on bank deposits, 37 places below the position seen 10 years ago.
| Interest Rate on Bank Deposits (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Comoros | % | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | ||||||||||||||||
| India | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Indonesia | % | 8.34% | 7.17% | 6.52% | 6.13% | 6.69% | ||||||||||||||||
| Kenya | % | 9.19% | 8.69% | 7.67% | 8.29% | 7.51% | ||||||||||||||||
| Madagascar | % | 14.7% | 15.0% | 15.0% | 12.8% | 13.0% | ||||||||||||||||
| Maldives | % | 4.12% | 3.78% | 3.57% | 3.66% | 3.47% | ||||||||||||||||
| Mauritius | % | 6.09% | 5.15% | 3.05% | 3.34% | 3.75% | ||||||||||||||||
| Mozambique | % | 8.53% | 10.8% | 17.1% | 13.6% | 9.06% | ||||||||||||||||
| Seychelles | % | 3.16% | 3.49% | 3.61% | 3.29% | 3.58% | ||||||||||||||||
| Singapore | % | 0.167% | 0.190% | 0.142% | 0.157% | 0.198% | ||||||||||||||||
| South Africa | % | 6.15% | 7.17% | 7.25% | 7.00% | 7.01% | ||||||||||||||||
| Sri Lanka | % | 5.99% | 7.10% | 9.00% | 8.85% | 8.71% | ... | ... | ||||||||||||||
| Swaziland | % | 2.27% | 2.94% | 3.20% | 3.76% | 3.69% | ||||||||||||||||
| Tanzania | % | 9.90% | 10.5% | 11.2% | 8.20% | 7.10% | ... |
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