ICICI Bank Ltd has reduced its One Year MCLR Base Rate or the minimum lending rate by 0.05%, or 05 basis points with effect from Wednesday, January 01, 2020. ICICI Bank has revised its One Year MCLR Base Rate from 8.25 percent to 8.20 percent per annum.
New Delhi (Delhi, India), January 16, 2020
The ICICI Bank Limited has reduced its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.05 percent, or 05 basis points (BPS) with effect from Wednesday, January 01, 2020.
ICICI Bank has revised its One Year MCLR Base Rate (also known as I-MCLR) or the minimum lending rate from 8.25 percent to 8.20 percent per annum.
ICICI Bank’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.
ICICI Bank Limited applies the interest rates on all new loans and advances with reference to I-MCLR based rates from April 01, 2016 onwards.
The Reserve Bank of India (RBI) has asked all banks to set at least five MCLR based benchmark lending rates – Overnight MCLR, One Month MCLR, Three Month MCLR, Six Month MCLR, and One Year MCLR. The loans linked with MCLR will be reset for a maximum of one year tenure.
ICICI Bank Ltd’s MCLR Base Rate effective from January 01, 2020 is:
Overnight MCLR: 7.95%
One Month MCLR: 7.95%
Three Month MCLR: 8.00%
Six Month MCLR: 8.15%
One Year MCLR: 8.20%
ICICI Bank Ltd’s MCLR Base Rate effective from December 01, 2019 was:
Overnight MCLR: 8.00%
One Month MCLR: 8.00%
Three Month MCLR: 8.05%
Six Month MCLR: 8.20%
One Year MCLR: 8.25%
ICICI Bank Ltd’s MCLR Base Rate effective from November 01, 2019 was:
Overnight MCLR: 8.10%
One Month MCLR: 8.10%
Three Month MCLR: 8.15%
Six Month MCLR: 8.30%
One Year MCLR: 8.35%
ICICI Bank Ltd’s MCLR Base Rate effective from October 01, 2019 was:
Overnight MCLR: 8.20%
One Month MCLR: 8.20%
Three Month MCLR: 8.25%
Six Month MCLR: 8.40%
One Year MCLR: 8.45%
ICICI Bank Ltd’s MCLR Base Rate effective from September 01, 2019 was:
Overnight MCLR: 8.30%
One Month MCLR: 8.30%
Three Month MCLR: 8.35%
Six Month MCLR: 8.50%
One Year MCLR: 8.55%
ICICI Bank Ltd’s MCLR Base Rate effective from July 01, 2019 was:
Overnight MCLR: 8.40%
One Month MCLR: 8.40%
Three Month MCLR: 8.45%
Six Month MCLR: 8.60%
One Year MCLR: 8.65%
ICICI Bank Ltd’s MCLR Base Rate effective from April 01, 2019 was:
Overnight MCLR: 8.50%
One Month MCLR: 8.50%
Three Month MCLR: 8.55%
Six Month MCLR: 8.70%
One Year MCLR: 8.75%
ICICI Bank Ltd’s MCLR Base Rate effective from December 01, 2018 was:
Overnight MCLR: 8.55%
One Month MCLR: 8.55%
Three Month MCLR: 8.60%
Six Month MCLR: 8.75%
One Year MCLR: 8.80%
ICICI Bank Ltd’s MCLR Base Rate effective from November 01, 2018 was:
Overnight MCLR: 8.45%
One Month MCLR: 8.45%
Three Month MCLR: 8.50%
Six Month MCLR: 8.65%
One Year MCLR: 8.70%
ICICI Bank Ltd’s MCLR Base Rate effective from October 01, 2018 was:
Overnight MCLR: 8.40%
One Month MCLR: 8.40%
Three Month MCLR: 8.45%
Six Month MCLR: 8.60%
One Year MCLR: 8.65%
ICICI Bank Ltd’s MCLR Base Rate effective from September 01, 2018 was:
Overnight MCLR: 8.30%
One Month MCLR: 8.30%
Three Month MCLR: 8.35%
Six Month MCLR: 8.50%
One Year MCLR: 8.55%
ICICI Bank Ltd’s MCLR Base Rate effective from June 01, 2018 was:
Overnight MCLR: 8.05%
One Month MCLR: 8.05%
Three Month MCLR: 8.10%
Six Month MCLR: 8.35%
One Year MCLR: 8.40%
ICICI Bank Ltd’s MCLR Base Rate effective from March 01, 2018 was:
Overnight MCLR: 7.95%
One Month MCLR: 7.95%
Three Month MCLR: 8.00%
Six Month MCLR: 8.25%
One Year MCLR: 8.30%
ICICI Bank Ltd’s MCLR Base Rate effective from November 01, 2017 was:
Overnight MCLR: 7.80%
One Month MCLR: 7.80%
Three Month MCLR: 7.85%
Six Month MCLR: 8.15%
One Year MCLR: 8.20%
ICICI Bank Ltd’s MCLR Base Rate effective from March 01, 2017 was:
Overnight MCLR: 7.85%
One Month MCLR: 7.85%
Three Month MCLR: 7.90%
Six Month MCLR: 8.15%
One Year MCLR: 8.20%
ICICI Bank Ltd’s MCLR Base Rate effective from January 03, 2017 was:
Overnight MCLR: 8.00%
One Month MCLR: 8.00%
Three Month MCLR: 8.10%
Six Month MCLR: 8.15%
One Year MCLR: 8.20%
ICICI Bank Ltd’s MCLR Base Rate effective from December 01, 2016 was:
Overnight MCLR: 8.70%
One Month MCLR: 8.70%
Three Month MCLR: 8.80%
Six Month MCLR: 8.85%
One Year MCLR: 8.90%
ICICI Bank Ltd’s MCLR Base Rate effective from November 01, 2016 was:
Overnight MCLR: 8.75%
One Month MCLR: 8.75%
Three Month MCLR: 8.85%
Six Month MCLR: 8.90%
One Year MCLR: 8.95%
ICICI Bank Ltd’s MCLR Base Rate effective from October 01, 2016 was:
Overnight MCLR: 8.85%
One Month MCLR: 8.85%
Three Month MCLR: 8.95%
Six Month MCLR: 9.00%
One Year MCLR: 9.05%
ICICI Bank Ltd’s MCLR Base Rate effective from August 01, 2016 was:
Overnight MCLR: 8.90%
One Month MCLR: 8.90%
Three Month MCLR: 9.00%
Six Month MCLR: 9.05%
One Year MCLR: 9.10%
ICICI Bank Ltd’s MCLR Base Rate effective from June 01, 2016 was:
Overnight MCLR: 8.95%
One Month MCLR: 8.95%
Three Month MCLR: 9.05%
Six Month MCLR: 9.10%
One Year MCLR: 9.15%
The ICICI Bank Limited has increased its Base Rate (BR) for old loans by 0.10 percent, or 10 basis points (BPS) with effect from Wednesday, November 21, 2018.
ICICI Bank has revised its Base Rate (also known as I-Base) or the minimum lending rate from 8.85 percent to 8.95 percent per annum.
ICICI Bank decides its interest rates on all loans and advances lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.
November 21, 2018 Base Rate: 8.95%
September 01, 2018 Base Rate: 8.85%
April 01, 2018 Base Rate: 8.75%
November 13, 2017 Base Rate: 8.85%
August 10, 2017 Base Rate: 9.00%
April 28, 2017 Base Rate: 9.10%
January 03, 2017 Base Rate: 9.25%
October 01, 2016 Base Rate: 9.30%
October 05, 2015 Base Rate: 9.35%
June 26, 2015 Base Rate: 9.70%
April 10, 2015 Base Rate: 9.75%
August 23, 2013 Base Rate: 10.00%
April 23, 2012 Base Rate: 9.75%
August 13, 2011 Base Rate: 10.00%
July 04, 2011 Base Rate: 9.50%
May 07, 2011 Base Rate: 9.25%
February 24, 2011 Base Rate: 8.75%
January 03, 2011 Base Rate: 8.25%
October 06, 2010 Base Rate: 7.75%
July 01, 2010 Base Rate: 7.50%