Despite the Reserve Bank of India’s (RBI) repo rate cuts, deposit rates in India remain high, impacting the cost of funds for banks. This situation has resulted in a scenario where home loan borrowers are benefiting, but depositors are seeing limited gains due to investor shifts and liquidity pressures in the market. Analysts and industry experts are anticipating further repo rate cuts in the near future; however, the transmission of these cuts to deposit rates is expected to be gradual. This transmission process will be influenced by various factors such as banks’ liquidity coverage ratio and the RBI’s policy stance. The current economic climate and the ongoing liquidity challenges faced by banks are likely to play a crucial role in determining how quickly and effectively the benefits of the repo rate cuts are passed on to depositors. The impact of these rate changes on consumers and the overall financial landscape will be closely monitored by market participants and regulatory authorities in the coming months.