Kotak Mahindra Bank has hiked its One Year MCLR Base Rate or the minimum lending rate by 0.05%, or 05 basis points with effect from Sunday, July 01, 2018. Kotak Mahindra Bank has revised its One Year MCLR Base Rate from 8.90 percent to 8.95 percent per annum.
Kotak Mahindra Bank Limited – Current MCLR Base Rate and Loan Interest Rate
New Delhi (Delhi, India), September 18, 2018
Kotak Mahindra Bank Increases One Year MCLR Base Rate to 8.95 Percent Per Annum
The Kotak Mahindra Bank Limited has hiked 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 Sunday, July 01, 2018.
Kotak Mahindra Bank has revised its One Year MCLR Base Rate or the minimum lending rate from 8.90 percent to 8.95 percent per annum.
Kotak Mahindra Bank’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.
Kotak Mahindra Bank applies the interest rates on all new loans and advances with reference to 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.
Kotak Mahindra Bank’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data
Kotak Mahindra Bank’s MCLR Base Rate effective from September 01, 2018 is:
Overnight MCLR: 8.05%
One Month MCLR: 8.25%
Three Month MCLR: 8.55%
Six Month MCLR: 8.70%
One Year MCLR: 8.95%
Two Year MCLR: 8.95%
Three Year MCLR: 9.00%
Kotak Mahindra Bank’s MCLR Base Rate effective from August 01, 2018 was:
Overnight MCLR: 8.00%
One Month MCLR: 8.20%
Three Month MCLR: 8.55%
Six Month MCLR: 8.65%
One Year MCLR: 8.95%
Two Year MCLR: 8.95%
Three Year MCLR: 9.00%
Kotak Mahindra Bank’s MCLR Base Rate effective from July 01, 2018 was:
Overnight MCLR: 8.00%
One Month MCLR: 8.15%
Three Month MCLR: 8.50%
Six Month MCLR: 8.65%
One Year MCLR: 8.95%
Two Year MCLR: 8.95%
Three Year MCLR: 9.00%
Kotak Mahindra Bank’s MCLR Base Rate effective from June 01, 2018 was:
Overnight MCLR: 7.95%
One Month MCLR: 8.15%
Three Month MCLR: 8.50%
Six Month MCLR: 8.60%
One Year MCLR: 8.90%
Two Year MCLR: 8.90%
Three Year MCLR: 8.95%
Kotak Mahindra Bank’s MCLR Base Rate effective from May 01, 2018 was:
Overnight MCLR: 7.95%
One Month MCLR: 8.05%
Three Month MCLR: 8.40%
Six Month MCLR: 8.50%
One Year MCLR: 8.70%
Two Year MCLR: 8.75%
Three Year MCLR: 8.80%
Kotak Mahindra Bank’s MCLR Base Rate effective from April 01, 2018 was:
Overnight MCLR: 7.90%
One Month MCLR: 8.00%
Three Month MCLR: 8.35%
Six Month MCLR: 8.45%
One Year MCLR: 8.60%
Two Year MCLR: 8.70%
Three Year MCLR: 8.70%
Kotak Mahindra Bank’s MCLR Base Rate effective from February 01, 2018 was:
Overnight MCLR: 7.90%
One Month MCLR: 8.00%
Three Month MCLR: 8.35%
Six Month MCLR: 8.45%
One Year MCLR: 8.65%
Two Year MCLR: 8.70%
Three Year MCLR: 8.70%
Kotak Mahindra Bank’s MCLR Base Rate effective from January 01, 2018 was:
Overnight MCLR: 7.80%
One Month MCLR: 7.85%
Three Month MCLR: 8.15%
Six Month MCLR: 8.35%
One Year MCLR: 8.65%
Two Year MCLR: 8.65%
Three Year MCLR: 8.70%
Kotak Mahindra Bank’s MCLR Base Rate effective from September 01, 2017 was:
Overnight MCLR: 7.70%
One Month MCLR: 7.70%
Three Month MCLR: 8.10%
Six Month MCLR: 8.30%
One Year MCLR: 8.60%
Two Year MCLR: 8.60%
Three Year MCLR: 8.60%
Kotak Mahindra Bank’s MCLR Base Rate effective from August 01, 2017 was:
Overnight MCLR: 7.75%
One Month MCLR: 7.75%
Three Month MCLR: 8.15%
Six Month MCLR: 8.35%
One Year MCLR: 8.65%
Two Year MCLR: 8.65%
Three Year MCLR: 8.65%
Kotak Mahindra Bank’s MCLR Base Rate effective from July 01, 2017 was:
Overnight MCLR: 7.75%
One Month MCLR: 7.80%
Three Month MCLR: 8.15%
Six Month MCLR: 8.40%
One Year MCLR: 8.65%
Two Year MCLR: 8.65%
Three Year MCLR: 8.65%
Kotak Mahindra Bank’s MCLR Base Rate effective from June 01, 2017 was:
Overnight MCLR: 7.90%
One Month MCLR: 7.95%
Three Month MCLR: 8.25%
Six Month MCLR: 8.50%
One Year MCLR: 8.90%
Two Year MCLR: 8.85%
Three Year MCLR: 8.85%
Kotak Mahindra Bank’s MCLR Base Rate effective from May 01, 2017 was:
Overnight MCLR: 7.95%
One Month MCLR: 7.95%
Three Month MCLR: 8.25%
Six Month MCLR: 8.50%
One Year MCLR: 8.80%
Two Year MCLR: 8.85%
Three Year MCLR: 8.85%
Kotak Mahindra Bank’s MCLR Base Rate effective from April 01, 2017 was:
Overnight MCLR: 8.00%
One Month MCLR: 8.10%
Three Month MCLR: 8.25%
Six Month MCLR: 8.50%
One Year MCLR: 8.80%
Two Year MCLR: 8.85%
Three Year MCLR: 8.85%
Kotak Mahindra Bank’s MCLR Base Rate effective from February 01, 2017 was:
Overnight MCLR: 8.05%
One Month MCLR: 8.10%
Three Month MCLR: 8.25%
Six Month MCLR: 8.50%
One Year MCLR: 8.85%
Two Year MCLR: 8.85%
Three Year MCLR: 8.85%
Kotak Mahindra Bank’s MCLR Base Rate effective from January 01, 2017 was:
Overnight MCLR: 8.20%
One Month MCLR: 8.25%
Three Month MCLR: 8.40%
Six Month MCLR: 8.65%
One Year MCLR: 9.00%
Two Year MCLR: 9.00%
Three Year MCLR: 9.00%
Kotak Mahindra Bank’s MCLR Base Rate effective from December 01, 2016 was:
Overnight MCLR: 8.60%
One Month MCLR: 8.70%
Three Month MCLR: 8.85%
Six Month MCLR: 9.05%
One Year MCLR: 9.20%
Two Year MCLR: 9.25%
Three Year MCLR: 9.25%
Kotak Mahindra Bank’s MCLR Base Rate effective from November 01, 2016 was:
Overnight MCLR: 8.60%
One Month MCLR: 8.80%
Three Month MCLR: 9.00%
Six Month MCLR: 9.20%
One Year MCLR: 9.45%
Two Year MCLR: 9.55%
Three Year MCLR: 9.55%
Kotak Mahindra Bank’s MCLR Base Rate effective from October 01, 2016 was:
Overnight MCLR: 8.70%
One Month MCLR: 8.80%
Three Month MCLR: 9.00%
Six Month MCLR: 9.20%
One Year MCLR: 9.50%
Two Year MCLR: 9.55%
Three Year MCLR: 9.55%
Kotak Mahindra Bank’s MCLR Base Rate effective from September 01, 2016 was:
Overnight MCLR: 8.70%
One Month MCLR: 8.80%
Three Month MCLR: 9.00%
Six Month MCLR: 9.25%
One Year MCLR: 9.55%
Two Year MCLR: 9.60%
Three Year MCLR: 9.60%
Kotak Mahindra Bank’s MCLR Base Rate effective from August 01, 2016 was:
Overnight MCLR: 8.75%
One Month MCLR: 8.85%
Three Month MCLR: 9.05%
Six Month MCLR: 9.30%
One Year MCLR: 9.60%
Two Year MCLR: 9.65%
Three Year MCLR: 9.65%
Kotak Mahindra Bank’s MCLR Base Rate effective from July 01, 2016 was:
Overnight MCLR: 8.90%
One Month MCLR: 8.95%
Three Month MCLR: 9.10%
Six Month MCLR: 9.35%
One Year MCLR: 9.60%
Two Year MCLR: 9.65%
Three Year MCLR: 9.65%
Kotak Mahindra Bank’s MCLR Base Rate effective from April 01, 2016 was:
Overnight MCLR: 8.90%
One Month MCLR: 9.00%
Three Month MCLR: 9.25%
Six Month MCLR: 9.40%
One Year MCLR: 9.60%
Two Year MCLR: 9.65%
Three Year MCLR: 9.65%
Kotak Mahindra Bank Ups Base Rate to 9.20 Percent Per Annum
The Kotak Mahindra Bank Limited has also raised its Base Rate (BR) for old loans by 0.10 percent, or 10 basis points (BPS) with effect from Friday, September 14, 2018.
Kotak Mahindra Bank has revised its Base Rate or the minimum lending rate from 9.10 percent to 9.20 percent per annum.
Kotak Mahindra 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.
Kotak Mahindra Bank’s Base Rate Historical Data
September 14, 2018 Base Rate: 9.20%
October 16, 2017 Base Rate: 9.10%
August 02, 2017 Base Rate: 9.15%
June 14, 2017 Base Rate: 9.20%
January 06, 2017 Base Rate: 9.30%
October 07, 2016 Base Rate: 9.40%
October 05, 2015 Base Rate: 9.50%
July 02, 2015 Base Rate: 9.75%
April 16, 2015 Base Rate: 9.85%
August 13, 2013 Base Rate: 10.00%
April 26, 2012 Base Rate: 9.75%
November 01, 2011 Base Rate: 10.00%
August 02, 2011 Base Rate: 9.75%
July 13, 2011 Base Rate: 9.50%
May 10, 2011 Base Rate: 9.25%
March 01, 2011 Base Rate: 8.75%
December 31, 2010 Base Rate: 8.25%
December 06, 2010 Base Rate: 8.00%
November 08, 2010 Base Rate: 7.75%
October 01, 2010 Base Rate: 7.50%
July 01, 2010 Base Rate: 7.25%