Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906

INVC NEWS
Chennai,

Canara Bank, a leading Public Sector Bank, has retained its Marginal Cost of Fund Based Lending Rate (MCLR) on Loans / Advances across all tenors with effect from January 7, 2022.

 

Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.01.2022:

 

Tenor

Existing MCLR

MCLR

w.e.f. 07.01.2022

Change

Overnight MCLR

6.55 %

6.55 %

No Change

One Month MCLR

6.55 %

6.55 %

No Change

Three Month MCLR

6.85 %

6.85 %

No Change

Six Month MCLR

7.20 %

7.20 %

No Change

One Year MCLR

7.25 %

7.25 %

No Change

 

Repo Linked Lending Rate (RLLR) continues to be at 6.90%.

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