INTEREST RATE FRAMEWORK
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st APRIL 2021.
Tenor – wise MCLR effective from 1st May 2021 is as under
|1 Month MCLR||12.25%|
|3 Month MCLR||12.25%|
|6 Month MCLR||12.30%|
|1 Year MCLR||12.95%|
External benchmark Rates effective from 1st May 2021 are as under -
|External Benchmark Rate - 1*||6.11%|
|External Benchmark Rate - 2 #||5.07%|
* Arrived based on 3 months’ average yield of 10 –year Government of India Bond.