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 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%.