INTEREST RATE FRAMEWORK
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st APRIL 2021.
Tenor – wise MCLR effective from 1st April 2021 is as under
|1 Month MCLR||11.75%|
|3 Month MCLR||12.00%|
|6 Month MCLR||12.05%|
|1 Year MCLR||12.90%|
External benchmark Rates effective from 1st April 2021 are as under -
|External Benchmark Rate - 1*||6.05%|
|External Benchmark Rate - 2 #||5.01%|
* Arrived based on 3 months’ average yield of 10 –year Government of India Bond.