INTEREST RATE FRAMEWORK
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st MARCH 2021.
Tenor – wise MCLR effective from 1st March 2021 is as under
Tenor | MCLR (%) |
Overnight MCLR | 12.35% |
1 Month MCLR | 12.15% |
3 Month MCLR | 12.25% |
6 Month MCLR | 12.45% |
1 Year MCLR | 12.90% |
External benchmark Rates effective from 1st March 2021 are as under -
Bench Mark | Rate |
External Benchmark Rate - 1* | 5.94% |
External Benchmark Rate - 2 # | 4.77% |
* Arrived based on 3 months’ average yield of 10 –year Government of India Bond.