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accounts iconInterest Rate Framework


MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 01st OCTOBER 2018

Tenor – wise MCLR effective from 01st October 2018 is as under
Tenor MCLR (%)
Overnight MCLR 14.25%
1 Month MCLR 14.80%
3 Month MCLR 15.05%
6 Month MCLR 15.55%
1 Year MCLR 15.95%
External benchmark Rates effective from 01st October 2018 are as under
Bench Mark Rate
External Benchmark Rate - 1 * 7.85%
External Benchmark Rate - 2 # 7.72%
* 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.