MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 7th October 2026
MCLR effective from 7th October 2026 is as under:
| Tenor | MCLR (%) |
|---|---|
| Overnight | 9.20 |
| 1 Month | 9.10 |
| 3 Month | 9.35 |
| 6 Month | 10.85 |
| 1 Year | 11.20 |
| 2 Year | 11.10 |
| 3 Year | 11.05 |
External Benchmark rates as under:
| Benchmark | Rate (%) |
|---|---|
| Repo Rate – effective from 5th August 2026 | 5.25 |
| G-Sec Rate – effective from 7th October 2026* | 7.01 |
*Arrived based on 3 months’ average yield of 10-year Government of India bond curve
