Indian Bank has revised the Marginal Cost of Funds Based Lending
Rates (MCLRs) with effect from 03 July 2020 as detailed below:
Overnight - 7.10%
1 month - 7.15%
3 months - 7.30%
6 months - 7.35%
1 year - 7.40%
The Bank has also reduced its benchmark rates by 40 bps for all loans/advances linked with external benchmark (Policy REPO rate) with effect from 01 July 2020.
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