With effect from 18 April 2016
Axis Bank has reduced its MCLR by 15 bps across all tenors. This follows the reduction in Policy rates by RBI on 05 April 2016. The reduced MCLRs will be effective from 18 April 2016.The revised MCLR benchmarks are -
Overnight - 8.95%
One month - 9.05%
3 months - 9.25%
6 months - 9.30%
One Year - 9.35%
Two Year - 9.45%
Three Year - 9.50%.
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