INTEREST RATE FRAMEWORK
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st JUNE, 2021.
Tenor – wise MCLR effective from 1st June, 2021 is as under
|1 Month MCLR||11.95%|
|3 Month MCLR||11.95%|
|6 Month MCLR||12.05%|
|1 Year MCLR||12.65%|
External benchmark Rates effective from 1st June 2021 are as under -
|External Benchmark Rate - 1*||6.09%|
|External Benchmark Rate - 2 #||4.90%|
* Arrived based on 3 months’ average yield of 10 –year Government of India Bond.