MCLR rates

Interest Rates

The MCLR rates w.e.f. 07.06.2017

Type of MCLR MCLR Rate Period of applicability
Overnight MCLR 8.95% p.a. 1 day and above and less than 1 month
One-Month MCLR 8.95% p.a. 1 month and above and less than 3 months
Three-Month MCLR 8.95% p.a. 3 months and above and less than 6 months
Six-Month MCLR 9.15% p.a. 6 months and above and less than 1 year
One-Year MCLR 9.35% p.a. 1 year and above

All rupee loans sanctioned and credit limits sanctioned /renewed w.e.f. June 7, 2017 will be priced with reference to the MCLR only.


There will be no lending below the MCLR of a particular maturity for all loans linked to that benchmark.