Marginal Cost of Funds Based Lending Rates

Introduction of New Lending Rate System

Marginal Cost of Funds Based Lending Rates

The tenor-wise Marginal Cost of Funds Based Lending Rates (MCLR) w.e.f. 01st March 2017
Type of MCLR MCLR (%) p.a.
1 Year MCLR8.75
6 Month MCLR8.65
3 Month MCLR8.60
1 Month MCLR8.50
Overnight MCLR8.30
The above MCLRs of various tenors are applicable for fresh loans sanctioned/renewed/reset w.e.f.01.03.17.to 31.03.2017
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