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  • Canara Bank retains Interest rates on loans/advances with effect from 07.04.2022

    Published on April 6, 2022

    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 April 7th, 2022.

    Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.04.2022:

    TenorExisting MCLRMCLRw.e.f. 07.04.2022Change
    Overnight MCLR6.55 %6.55 %No Change
    One Month MCLR6.55 %6.55 %No Change
    Three Month MCLR6.85 %6.85 %No Change
    Six Month MCLR7.20 %7.20 %No Change
    One Year MCLR7.25 %7.25 %No Change

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


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