Interest Rate Framework

Interest Rate Framework

MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 01 AUGUST 2017

Tenor – wise MCLR effective from 01 AUGUST 2017 is as under

Tenor	MCLR (%)
Overnight MCLR	15.95
1 Month MCLR	16.05
3 Month MCLR	16.10
6 Month MCLR	16.15
1 Year MCLR	16.20

External benchmark Rates effective from 01 AUGUST 2017 are as under

Bench Mark	Rate
External Benchmark Rate *	6.58%
External Benchmark Rate #	6.62%

^* 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.

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Equitas Small Finance Bank Ltd is a new age bank that gives children, youth, families and business people across India a new and fun way to bank. In our time as a micro finance company, we silently went about enabling livelihoods and elevating lives.

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Equitas Small Finance Bank Ltd.
Phase II, 4th Floor,
Spencer Plaza,
No. 769, Anna Salai,
Chennai - 600 002
Toll Free Number : 1800-3000-1222