Bank of Maharashtra revises MCLRs effective 7 July

Bank of Maharashtra has reviewed its lending rates and decided to reduce Marginal Cost of Funds based Lending Rates (MCLR) with effect from 07 July 2020 as under -

Overnight - 7%
One month - 7.10%
Three month - 7.20%
Six month - 7.30%
One year - 7.50%

Base Rate is kept unchanged at 9.40%

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