Marginal Cost of Funds Based Lending Rate – Effective Date - January 7, 2021
| Existing MCLR | Proposed MCLR | Change | |
| Tenors |
Existing Rates Effective Date - December 7, 2020 |
Rates Effective Date - January 7, 2021 |
|
| Overnight | 5.15% | 5.10% | -5 bps |
| One Month | 5.20% | 5.15% | -5 bps |
| Three Month | 5.30% | 5.25% | -5 bps |
| Six Month | 5.40% | 5.35% | -5 bps |
| One Year | 5.50% | 5.45% | -5 bps |
G Sec Tenor Premiums over 1 year are as follows:
| Tenors | Tenor Premium |
| 2 year (over 1 yr) | 0.72 bps |
| 3 year (over 1 yr) | 1.05 bps |