Allahabad Bank reduces MCLR rates by 10 bps

With effect from 01 March 2019

Allahabad Bank has reviewed the existing Marginal Cost of Funds based Lending Rates (MCLRs) and decided for a downward revision of MCLR by 10 bps for all tenors as detailed below -

Overnight - 8.15%
One month - 8.25%
Three month - 8.45%
Six month - 8.50%
One year - 8.65%
Two year - 8.85%
Three year - 8.95%

The aforesaid revised Rates will be effective from 01 March 2019.

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