Marginal Cost of Funds Based Lending Rate

 

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