INTEREST RATE FRAMEWORK
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st JANUARY, 2022.
Tenor – wise MCLR effective from 1st January, 2022 is as under
| Tenor | MCLR (%) |
| Overnight MCLR | 12.10% |
| 1 Month MCLR | 12.10% |
| 3 Month MCLR | 12.20% |
| 6 Month MCLR | 12.55% |
| 1 Year MCLR | 13.05% |
External benchmark Rates effective from 1st January 2022 are as under -
| Bench Mark | Rate |
| External Benchmark Rate - 1# | 5.08% |
| External Benchmark Rate - 2 * | 6.35% |
* Arrived based on 3 months’ average yield of 10 –year Government of India Bond.
