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Canara Bank Retained Interest rates on loans/advances with effect from 07.12.2020

Canara 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 December 7, 2020.

Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.12.2020:

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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