Axis Bank reduces MCLR rates

With effect from 18 January 2017

Axis Bank announced that the Bank has reduces MCLRs by 65-70 bps across tenors with effect from 18 January 2017. The One year MCLR stands at 8.25% after the review.

Overnight - 7.90%
One month - 7.90%
Three month- 8.05%
Six month - 8.15%
One year - 8.25%
Two year - 8.30%
Three year - 8.35%

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