Lending-Rates

Last Updated on: 10/02/2024

Lending-Rates

Lending Rate RLLR

The effective RLLR will be 9.35%(i.e. 6.50% + 2.85%= 9.35%) with effect from 08.02.2023. Reset of interest rate for existing RLLR linked accounts will be effective from 08.02.2023.

The applicable Strategic Premium and Risk Premium will continue to be at the current levels until further review.

Base Rate

The Effective Base Rate will be 9.70% with effect from 15.02.2024 until further review.

Lending Rates (MCLR)

Tenor Existing MCLR % Revised MCLR % w.e.f 15.01.2024

Overnight MCLR*

8.00

8.00

One - Month MCLR*

8.10

8.20

Three - Month MCLR

8.40

8.40

Six - Month MCLR

8.60

8.65

One Year MCLR

8.75

8.80

Two Year MCLR

8.75

8.80

Three Year MCLR

8.80

8.85


*Interest Rate of loans for overnight tenor MCLR and One month MCLR shall be sanctioned only by The Top Management at Central Office. It is further clarified that discretion to sanction Overnight and One-Month MCLR is not available with other functionaries.