Mumbai: Canara Bank, a leading Public Sector Bank, has retained its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans / Advances across all tenors with effect from December 7, 2020.
Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.12.2020:
| Tenor | Interest Rate (in %) |
| Overnight MCLR | 6.80 % |
| One Month MCLR | 6.80 % |
| Three Month MCLR | 6.95 % |
| Six Month MCLR | 7.30 % |
| One Year MCLR | 7.35 % |
Repo Linked Lending Rate (RLLR) continues to be at 6.90%.
