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 – 9th Sept 2024
Tenor Tenure wise MCLR
Overnight 8.00%
1 month 8.50%
3 month 8.65%
6 month 8.70%
1 year (12 month) 8.70%
2 year (24 month) 8.95%
3 year (36 month) 8.95%