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 date – 7th Nov 2024
Tenor Tenure wise MCLR
Overnight 7.80%
1 month 8.35%
3 month 8.50%
6 month 8.50%
1 year (12 month) 8.50%
2 year (24 month) 8.75%
3 year (36 month) 8.75%