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accounts iconInterest Rate Framework


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

Tenor – wise MCLR effective from 01st May 2018 is as under
Tenor MCLR (%)
Overnight MCLR 14.40
1 Month MCLR 14.80
3 Month MCLR 14.95
6 Month MCLR 15.30
1 Year MCLR 15.55
External benchmark Rates effective from 01st May 2018 are as under
Bench Mark Rate
External Benchmark Rate * 7.50%
External Benchmark Rate # 7.11%
* 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.