Indian Overseas Bank has revised the Marginal Cost of Funds based Lending Rate (MCLR) and Repo Linked Lending Rate (RLLR).
Tenor-wise MCLR with effect from 06 October 2022 as under:
Overnight - 7.20%
One month - 7.30%
Three month - 7.85%
Six month - 7.85%
One year - 7.90%
Two year - 7.95%
Three year - 7.95%
The Bank has revised the RLLR to 8.75% with effect from 10 October 2022.
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