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Canara Bank retains Interest rates on loans/advances with effect from 07.08.2021

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

Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.08.2021:

Tenor Existing MCLR MCLR

w.e.f. 07.08.2021

Change
Overnight MCLR 6.70 % 6.70 % No Change
One Month MCLR 6.70 % 6.70 % No Change
Three Month MCLR 6.95 % 6.95 % No Change
Six Month MCLR 7.30 % 7.30 % No Change
One Year MCLR 7.35 % 7.35 % No Change

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

About Mahender Bansal

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