Corporate News     07-Jun-23
Tamilnad Mercantile Bank revises MCLRs
With effect from 07 June 2023
Tamilnad Mercantile Bank has revised the Marginal Cost of Funds Based Lending Rates (MCLR) of the Bank with effect from 07 June 2023 as detailed below:

Overnight - 7.75%
One month - 7.75%
Three month - 8.50%
Six month - 8.85%
One year - 9.50%

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