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Shakir Ravjani (Student) (192 Points)

04 March 2018

Frequency of changing MCLR?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (167415 Points)
Replied 04 March 2018

Banks publish MCLR for at least five durations which are overnight MCLR, 1 month MCLR, 3 month MCLR, 6 month MCLR and 1 year MCLR. However banks may publish MCLR base rates for more than five periods. The banks may revise the MCLR rate every month.
SBI recently changed its MCLR rates first time after its implemention i.e. 1st April, 2016.

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Shakir Ravjani (Student) (192 Points)
Replied 05 March 2018

Thanks Sir

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (167415 Points)
Replied 05 March 2018

Most Welcome, Dear..

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