Bank of Maharashtra has reviewed and reduced its marginal cost of funds based lending rates (MCLR) for 6 months tenure wef 7th February 2019.
The new rates are as under.
| Tenor | MCLR rates p.a. |
| Overnight MCLR | 8.20% |
| 1 month MCLR | 8.30% |
| 3 month MCLR | 8.50% |
| 6 months MCLR | 8.55% |
| 1 year MCLR | 8.75% |
The Base rate is kept unchanged @ 9.50% p.a.
Regards