IDBI Bank reduces Marginal Cost of funds based Lending Rate (MCLR)

Jaipur, April 12, 2019: IDBI Bank reduces Marginal Cost of Funds based Lending Rates ( MCLR ) as under :

Tenor MCLR ( in % )
Overnight 7.90%
One Month 8.15%
Three Month 8.40%
Six Month 8.60%
One Year 9.00%
Two Year 9.25%
Three Year 9.30%

 

The above revised rates are applicable w.e.f. April 12, 2019.

The bank has reduced MCLR by 5 bps to 10 bps across various tenors.

About Manish Mathur