MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 01 JUNE 2017
Tenor – wise MCLR effective from 01 JUNE 2017 is as under
| Tenor |
MCLR (%) |
| Overnight MCLR |
16.25 |
| 1 Month MCLR |
16.35 |
| 3 Month MCLR |
16.40 |
| 6 Month MCLR |
16.45 |
| 1 Year MCLR |
16.50 |
External benchmark Rates effective from 01 JUNE 2017 are as under
| Bench Mark |
Rate |
| External Benchmark Rate * |
6.80% |
| 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
Interest Rate Framework
