FD Rates Savings
Upto

8 % * p.a

Interest on FD for 888 days Know More
Upto

7.5% * p.a

Know More
1800-103-1222

accounts iconInterest Rate Framework


MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st MAY 2020.

Tenor – wise MCLR effective from 1st May 2020 is as under
Tenor MCLR (%)
Overnight MCLR 13.35%
1 Month MCLR 13.05%
3 Month MCLR 13.45%
6 Month MCLR 14.35%
1 Year MCLR 14.15%
External benchmark Rates effective from 1st May 2020 are as under -
Bench Mark Rate
External Benchmark Rate - 1 * 6.34%
External Benchmark Rate - 2 # 5.59%
* Arrived based on 3 months’ average yield of 10 – year Government of India Bond.
# Arrived based on 3 months’ average yield of 3 – year Government of India Bond.