South Indian Bank implements Marginal Cost of Funds Based Lending Rates

With effect from 01 April 2016

South Indian Bank has decided to implement pricing of all rupee loans and advances linked to Marginal Cost of Funds Based Lending Rates from 01 April 2016.

The MCLR rates applicable are as follows -

Overnight - 9.50%
1 month - 9.55%
3 months - 9.60%
6 months - 9.75%
1 Year - 10.00%.

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