Canara Bank retains Interest rates on loans
Canara Bank, a leading public sector bank, has retained its marginal cost of funds based lending rate (MCLR) on loans or advances across all tenors with effect from March 7, 2021.
Accordingly, the tenor linked MCLRs of the bank shall be as under with effect from 07.03.2021:
| Tenor | Interest Rate (in %) |
| Overnight MCLR | 6.70% |
| One-Month MCLR | 6.70% |
| 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%.