Marginal Cost of Funds based Lending Rate (MCLR)

Marginal Cost of Funds based Lending Rate (MCLR)

In terms of Guidelines of Reserve Bank of India (RBI), the Tenor based MCLR fixed by the Bank w.e.f. 15th March, 2020 up to 31st March, 2020 is as under:

Type of MCLR

MCLR (per annum)

Overnight 7.55%
One-month 7.60%
Three-month 8.00%
Six month 8.15%
One year 8.30%

Previous Months MCLR Rates

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