Lending Rates


Retails Lending Rates


Priority Sector (Agriculture & MSME) Lending Rates


Details about Marginal Cost Based Lending Rate (MCLR)


-> Marginal Cost Based Lending Rate (MCLR) system has replaced the existing Base Rate (BR) system w.e.f 01.04.2016. The rate will vary from time to time based on the methodology that may be employed by the Bank as permitted by the RBI and also as and when Bank revises the same as per the methodology adopted, at least on monthly or more frequent intervals.

-> All new loans & advances sanctioned on or after 01.04.2016 will attract interest rate as per the new system which will be linked to MCLR and Tenor premium.

-> All existing loans & advances will continue to carry interest rate as per the existing BR system till (i) the next renewal date for all credit facilities. However, any client may switch over to the MCLR system by exercising one time option, on mutually agreed terms.

-> Any existing client desirous of switching over to MCLR system may approach the Branch Manager for exercising the option by giving in writing to Branch Manager as per draft given in letter to customer. 


The above rates are subject to revision from time to time.