Chennai : 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 January 7, 2022.
Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.01.2022:
| Tenor | Existing MCLR | MCLR
w.e.f. 07.01.2022 |
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%.
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