Canara Bank retains Interest rates on loans/advances with effect from 07.04.2022

Mahender April 6, 2022 PR

Mumbai, 6 April 2022: 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 April 7th, 2022.

Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.04.2022:

Tenor Existing MCLR MCLR

w.e.f. 07.04.2022

 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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