As per RBI guidelines, all Rupee loans sanctionedand credit limits renewed w.e.f. Apr 01,2016 will be priced with reference to the MCLR (other than exceptions permitted by RBI).

The Marginal Cost of Funding Rates effective July 13, 2020 is as follows:

Tenor MCLR (in %)
Overnight 7.47%
One month 7.33%
Three months 7.55%
Six months 7.93%
One year 8.25%

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