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State Bank of Travancore implements Marginal Cost of Fund based Lending Rate system

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Capital Market
Last Updated : Mar 31 2016 | 8:47 PM IST

With effect from 01 April 2016

State Bank of Travancore is implementing the Marginal Cost of Fund based Lending Rate system (MCLR) w.e.f. 01 April 2016. The following are the applicable MCLR rates -

Overnight MCLR - 9.35%
One month MCLR - 9.45%
Three month MCLR - 9.55%
Six month MCLR - 9.75%
1 Year MCLR - 9.85%
2 Year MCLR - 9.95%
3 Year MCLR - 10.00%

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First Published: Mar 31 2016 | 8:10 PM IST

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