Chennai, 6 April 2022: Canara Bank, a leading Public Sector Bank, has retained its Marginal Cost of Fund Based Lending Rate (MCLR) on Loans / Advances across all tenors with effect from April 7th, 2022.
Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.04.2022:
|Tenor||Existing MCLR||MCLRw.e.f. 07.04.2022||Change|
|Overnight MCLR||6.55 %||6.55 %||No Change|
|One Month MCLR||6.55 %||6.55 %||No Change|
|Three Month MCLR||6.85 %||6.85 %||No Change|
|Six Month MCLR||7.20 %||7.20 %||No Change|
|One Year MCLR||7.25 %||7.25 %||No Change|
Repo Linked Lending Rate (RLLR) continues to be at 6.90%.