ALLAHABAD BANK Reduces MCLR

Allahabad Bank, a premier nationalized Bank, will reduce its marginal cost of Funds based Lending Rate (MCLR) across different tenors as mentioned below with effect from 14.10.2019 by 05 basis point.    The MCLR for one year tenor, will now get reduced by 05 basis points, i.e., from 8.40% to 8.35%.
 The details are:- (i) Overnight MCLR 7.90% 7.85%    (ii) One month MCLR 7.95% to 7.90%    (iii) Three months MCLR 8.20% to 8.15%   (iv) Six months MCLR 8.25% to  8.20%   (v) One year MCLR 8.40% to 8.35%. 

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