Indian Bank has hiked its One Year MCLR Base Rate or the minimum lending rate by 0.10%, or 10 basis points with effect from Friday, July 20, 2018. Indian Bank has revised its One Year MCLR Base Rate from 8.50 percent to 8.60 percent per annum.
Indian Bank – Current MCLR Base Rate and Loan Interest Rate
New Delhi (Delhi, India), September 18, 2018
Indian Bank Increases One Year MCLR Base Rate to 8.60 Percent Per Annum
The Indian Bank has hiked its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.10 percent, or 10 basis points (BPS) with effect from Friday, July 20, 2018.
Indian Bank has revised its One Year MCLR Base Rate or the minimum lending rate from 8.50 percent to 8.60 percent per annum.
Indian Bank’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.
Indian 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.
Indian Bank’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data
Indian Bank’s MCLR Base Rate effective from September 07, 2018 is:
Overnight MCLR: 8.05%
One Month MCLR: 8.15%
Three Month MCLR: 8.35%
Six Month MCLR: 8.50%
One Year MCLR: 8.60%
Three Year MCLR: 8.80%
Five Year MCLR: 9.05%
Indian Bank’s MCLR Base Rate effective from July 20, 2018 was:
Overnight MCLR: 8.05%
One Month MCLR: 8.15%
Three Month MCLR: 8.35%
Six Month MCLR: 8.50%
One Year MCLR: 8.60%
Three Year MCLR: 8.80%
Five Year MCLR: 9.05%
Indian Bank’s MCLR Base Rate effective from June 11, 2018 was:
Overnight MCLR: 8.00%
One Month MCLR: 8.10%
Three Month MCLR: 8.30%
Six Month MCLR: 8.40%
One Year MCLR: 8.50%
Three Year MCLR: 8.70%
Five Year MCLR: 8.95%
Indian Bank’s MCLR Base Rate effective from April 09, 2018 was:
Overnight MCLR: 7.95%
One Month MCLR: 8.00%
Three Month MCLR: 8.20%
Six Month MCLR: 8.30%
One Year MCLR: 8.40%
Three Year MCLR: 8.60%
Five Year MCLR: 8.85%
Indian Bank’s MCLR Base Rate effective from February 12, 2018 was:
Overnight MCLR: 7.85%
One Month MCLR: 7.90%
Three Month MCLR: 8.05%
Six Month MCLR: 8.15%
One Year MCLR: 8.25%
Three Year MCLR: 8.45%
Five Year MCLR: 8.70%
Indian Bank’s MCLR Base Rate effective from September 07, 2017 was:
Overnight MCLR: 8.00%
One Month MCLR: 8.05%
Three Month MCLR: 8.15%
Six Month MCLR: 8.25%
One Year MCLR: 8.35%
Three Year MCLR: 8.55%
Five Year MCLR: 8.75%
Indian Bank’s MCLR Base Rate effective from May 07, 2017 was:
Overnight MCLR: 8.15%
One Month MCLR: 8.20%
Three Month MCLR: 8.30%
Six Month MCLR: 8.40%
One Year MCLR: 8.50%
Three Year MCLR: 8.70%
Five Year MCLR: 8.90%
Indian Bank’s MCLR Base Rate effective from January 07, 2017 was:
Overnight MCLR: 8.40%
One Month MCLR: 8.45%
Three Month MCLR: 8.50%
Six Month MCLR: 8.55%
One Year MCLR: 8.60%
Three Year MCLR: 8.75%
Five Year MCLR: 8.90%
Indian Bank’s MCLR Base Rate effective from October 07, 2016 was:
Overnight MCLR: 9.15%
One Month MCLR: 9.20%
Three Month MCLR: 9.25%
Six Month MCLR: 9.30%
One Year MCLR: 9.35%
Three Year MCLR: 9.50%
Five Year MCLR: 9.65%
Indian Bank’s MCLR Base Rate effective from April 01, 2016 was:
Overnight MCLR: 9.20%
One Month MCLR: 9.25%
Three Month MCLR: 9.30%
Six Month MCLR: 9.35%
One Year MCLR: 9.45%
Three Year MCLR: 9.55%
Five Year MCLR: 9.70%
Indian Bank Reduces Base Rate to 9.45 Percent Per Annum
The Indian Bank has decreased its Base Rate (BR) for old loans by 0.20 percent, or 20 basis points (BPS) with effect from Sunday, May 07, 2017.
Indian Bank has revised its Base Rate or the minimum lending rate from 9.65 percent to 9.45 percent per annum.
Indian 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.
Indian Bank’s Base Rate Historical Data
May 07, 2017 Base Rate: 9.45%
October 07, 2015 Base Rate: 9.65%
June 08, 2015 Base Rate: 9.95%
April 01, 2014 Base Rate: 10.25%
February 09, 2013 Base Rate: 10.20%
May 01, 2012 Base Rate: 10.50%
August 01, 2011 Base Rate: 10.75%
July 13, 2011 Base Rate: 10.25%
May 05, 2011 Base Rate: 10.00%
February 01, 2011 Base Rate: 9.50%
December 13, 2010 Base Rate: 9.00%
October 01, 2010 Base Rate: 8.50%
July 01, 2010 Base Rate: 8.00%