MCLR rates

Interest Rates

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.