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Interest Rate Framework

Marginal Cost of funds based Lending Rate (MCLR) and EBR effective from 1st December, 2024.

Tenure-wise MCLR effective from 1st December 2024 is as follows

Tenure
MCLR (%) December'24
Overnight MCLR
13.80%
1 Month MCLR
14.05%
3 Month MCLR
13.80%
6 Month MCLR
13.95%
1 Year MCLR
13.95%

External benchmark Rates effective from 1st December 2024 are as follows

Bench Mark
December'24
External Benchmark Rate - 1*
6.71%
External Benchmark Rate - 2#
6.82%
Repo Rate
6.50%

* Arrived based on 3 months’ average yield of 3-year Government of India Bond.

# Arrived based on 3 months’ average yield of 10-year Government of India Bond.

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