Marginal Cost of funds based Lending Rate (MCLR)

All rupee loans sanctioned and credit limits renewed with effect from 1 April 2016 shall be priced with reference to the MCLR, which will be the internal benchmark for such purposes.

Effective Rate as of 7th July 2020
Tenor Tenure wise MCLR
Overnight 6.95%
1 month 8.40%
3 month 8.70%
6 month 8.70%
1 year (12 month) 8.70%
2 year (24 month) 9.10%
3 year (36 month) 9.45%