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Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f 10th May, 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. 10th May, 2017. Accordingly, the following tenor based MCLR have been fixed by the Bank w.e.f. 10th May, 2017,

Sl. No.
Tenor
MCLR (In %)
1
Overnight MCLR
8.15%
2
1-Month MCLR
8.25%
3
3-Months MCLR
8.45%
4
6-Months MCLR
8.55%
5
1-Year MCLR
8.60%
 
 
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