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 October 7, 2020.
Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.10.2020:
| Tenor | Interest Rate (in %) |
| Overnight MCLR | 6.95% |
| One-Month MCLR | 6.95% |
| Three- Month MCLR | 7.10% |
| Six-Month MCLR | 7.35% |
| One Year MCLR | 7.40% |
Repo Linked Lending Rate (RLLR) continues to be at 6.90%. says release,
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