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accounts iconInterest Rate Framework


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