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Canara Bank Retained Interest rates on loans/advances with effect from 07.01.2021

Chennai , 6th January 2021Canara Bank, a leading Public Sector Bank, has retained its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans / Advances across all tenors with effect from January 7, 2021.

Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.01.2021:

Tenor Interest Rate (in %)
Overnight MCLR 6.80%
One-Month MCLR 6.80%
Three- Month MCLR 6.95%
Six-Month MCLR 7.30%
One Year MCLR 7.35%

Repo Linked Lending Rate (RLLR) continues to be at 6.90%.

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