Bank of Maharashtra reduces MCLR and Base Rate

Effective 07 January 2020

Bank of Maharashtra has reviewed its Marginal Cost of Fund based Lending Rates and has reduced its Base Rate with effect from 07 January 2020 as under -

Overnight - 7.60%
One month - 7.70%
Three month - 7.75%
Six month - 7.90%
One year - 8.25%

Base Rate has been reduced to 9.40% p.a.

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