The bank has increased the rates of MCLR. The new rates of the bank have come into effect from December 1.

How much have the rates increased?

ICICI Bank has increased the MCLR rates by 10 basis points. After this decision of the bank, all types of loans will become expensive. Apart from this, PNB has increased by 0.05 percent. Bank of India has increased up to 0.25 percent.

What happened to the rates of ICICI Bank?

Overnight and one month rate of private sector ICICI Bank has increased from 8.05 per cent to 8.15 per cent. Apart from this, the rate for 3 months has increased from 8.10 percent to 8.20 percent. If we talk about the rates for 6 months, then they have increased from 8.35 percent to 8.40 percent.

New rates of PNB

Talking about the rates of Punjab National Bank, the overnight rate has increased from 7.40 percent to 7.45 percent. At the same time, the one-month rate has increased from 7.45 percent to 7.50 percent. If we talk about the rate of 3 months, then it has also increased from 7.55 percent to 7.60 percent. Talking about the rates for 6 months, it is 7.80 percent and the rate for one year is 8.10 percent.

Bank of India’s new rates

Bank of India’s overnight rates have increased from 7.05 percent to 7.30 percent. At the same time, the one-month rate has increased from 7.40 percent to 7.65 percent. Apart from this, if we talk about the rate of 3 months, it has increased from 7.45 percent to 7.70 percent. If we talk about the rate of 6 months, then the rate of one year has become 7.90 percent and 8.15 percent.

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