The MCLR rates w.e.f. 07.01.2017
|Type of MCLR||MCLR Rate||Period of applicability|
|Overnight MCLR||9.20% p.a.||1 day and above and less than 1 month|
|One-Month MCLR||9.20% p.a.||1 month and above and less than 3 months|
|Three-Month MCLR||9.20% p.a.||3 months and above and less than 6 months|
|Six-Month MCLR||9.40% p.a.||6 months and above and less than 1 year|
|One-Year MCLR||9.60% p.a.||1 year and above|
All rupee loans sanctioned and credit limits renewed w.e.f. January 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.