INTEREST RATE FRAMEWORK
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st JULY, 2021.
Tenor – wise MCLR effective from 1st July, 2021 is as under
| Tenor | MCLR (%) |
| Overnight MCLR | 11.75% |
| 1 Month MCLR | 11.80% |
| 3 Month MCLR | 11.85% |
| 6 Month MCLR | 12.05% |
| 1 Year MCLR | 12.45% |
External benchmark Rates effective from 1st July 2021 are as under -
| Bench Mark | Rate |
| External Benchmark Rate - 1* | 6.03% |
| External Benchmark Rate - 2 # | 4.86% |
* Arrived based on 3 months’ average yield of 10 –year Government of India Bond.
