Canara Bank retains Interest rates on loans/advances with effect from 07.04.2022

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:

TenorExisting MCLRMCLRw.e.f. 07.04.2022Change
Overnight MCLR6.55 %6.55 %No Change
One Month MCLR6.55 %6.55 %No Change
Three Month MCLR6.85 %6.85 %No Change
Six Month MCLR7.20 %7.20 %No Change
One Year MCLR7.25 %7.25 %No Change

Repo Linked Lending Rate (RLLR) continues to be at 6.90%.

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