Source: SBI website
The MCLR-based rates have been adjusted to fall within the range of 8.20% to 9.1%. The overnight MCLR is at 8.20%, while the rates for the one-month and three-month tenures are now at 8.45% and 8.5%, respectively. The six-month MCLR has been set at 8.85%. The one-year MCLR has been revised at 8.95%. The two-year MCLR is at 9.05% and the three-year MCLR is at 9.1%.
FD rate up to 8.15%: Union Bank of India launches Union Sumvridhi 333 special FD with higher interest rates
Last month, the State Bank of India (SBI) had increased the marginal cost of funds-based lending rate (MCLR) on loan by 10 basis points (bps) on certain durations.
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