Bank of Maharashtra hikes MCLR and Repo Linked Lending Rate

With effect from 07 May 2022

Bank of Maharashtra has revised the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 7 May 2022 as under:

Overnight - 6.85%
One month - 6.95%
Three month - 7.25%
Six month - 7.30%
One year - 7.40%

Further, Repo Linked Lending Rate is revised from 6.80% to 7.20% p.a. with effect from 07 May 2022.

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