INTEREST RATE FRAMEWORK
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st OCTOBER, 2021.
Tenor – wise MCLR effective from 1st October, 2021 is as under
|1 Month MCLR||12.25%|
|3 Month MCLR||12.40%|
|6 Month MCLR||12.50%|
|1 Year MCLR||13.15%|
External benchmark Rates effective from 1st October 2021 are as under -
|External Benchmark Rate - 1*||6.17%|
|External Benchmark Rate - 2 #||4.76%|
* Arrived based on 3 months’ average yield of 10 –year Government of India Bond.