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Tamilnad Mercantile Bank increases MCLR rates by 10 bps
06-Jul-2026, 02:52
Tamilnad Mercantile Bank announced that the Marginal Cost of Funds Based Lending Rate (MCLR) of the Bank will be revised with effect from 07 July 2026 as detailed below:
Tamilnad Mercantile Bank announced that the Marginal Cost of Funds Based Lending Rate (MCLR) of the Bank will be revised with effect from 07 July 2026 as detailed below:
Overnight - 7.70%
One month - 7.70%
Three month - 8.40%
Six month - 8.95%
One year - 9.35%