MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st OCTOBER 2019.
Tenor – wise MCLR effective from 1st OCTOBER 2019 is as under
| Tenor |
MCLR (%) |
| Overnight MCLR |
14.10% |
| 1 Month MCLR |
14.00% |
| 3 Month MCLR |
14.25% |
| 6 Month MCLR |
14.60% |
| 1 Year MCLR |
15.05% |
External benchmark Rates effective from 1st October 2019 are as under -
| Bench Mark |
Rate |
| External Benchmark Rate - 1 * |
6.57% |
| External Benchmark Rate - 2 # |
6.20% |
* 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
