With effect from 01 September 2018Lakshmi Vilas Bank announced revised MCLR with effect from 01 September 2018 as under -
Overnight - 9.10%
One month - 9.15%
Three month - 9.30%
One year - 9.75%
Lakshmi Vilas Bank had revised the Marginal Cost of Funds -based Lending Rate (MCLR) with effect from 01 September 2018 which was notified on 31 August 2018.
The Bank noticed a technical error in the MCLR computation on 06 September 2018. The MCLR has since been revised effective from 01. September 2018.
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