Bank of Maharashtra reduces Lending Rates (MCLR)



Pune: Bank of Maharashtra has reviewed and reduced its marginal cost of funds based lending rates (MCLR) wef 7th April 2019.

The new rates are as under.


TenorMCLR rates p.a.
Overnight MCLR8.20 %
1 month MCLR8.25 %
3 month MCLR8.45 %
6 months MCLR8.50 %
1 year MCLR8.70 %


The Base rate is kept unchanged @ 9.50% p.a.






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