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Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f 1st September, 2017

In terms of the guidelines of Reserve Bank of India, our Bank has moved to Marginal Cost of Funds Based Lending Rate (MCLR) for pricing of loans w.e.f. 1st April, 2016. Bank reviews the M.C.L.R on monthly basis and the rates are published on 1st of every month. Accordingly, the tenor based MCLR w.e.f. 1st September, 2017 are as under:

Sl. No.
Tenor
MCLR (In %)
1
Overnight MCLR
7.95%
2
1-Month MCLR
8.05%
3
3-Months MCLR
8.25%
4
6-Months MCLR
8.35%
5
1-Year MCLR
8.45%
6
2-Year MCLR
8.65%
7
3-Year MCLR
8.70%
 
 
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