Allahabad Bank reduces MCLR rates, base rate and BPLR

With effect from 01 December 2017

Allahabad Bank has reduced the MCLR rates by 05 bps across various tenors as follows -

Overnight - 7.75%
One month - 7.85%
Three month - 8.05%
Six month -8.15%
One year - 8.25%
Two year - 8.45%
Three year - 8.50%

Further the Bank has decided to reduce Base Rate and BPLR of the Bank by 10 bps to 9.60% and 13.85% respectively.

The change in rate is effective from 01 December 2017.

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