Bandhan Bank MCLR Rates, Bandhan Bank Base Rate – Dec 2018

Bandhan Bank MCLR Rate

5th Dec 2018 – RBI keeps Repo Rate unchanged at 6.50%

Current MCLR rate of Bandhan Bank ranges from 9.68% to 11.61% varying by reset frequency of the loan. Bandhan Bank revises MCLR rates on a monthly basis and benchmark its interest rates for home loan and other loans to MCLR rates of different tenor.

Tenure wise MCLR Bandhan Rate Today
Overnight 9.68%
1 Month 9.72%
3 Month 9.80%
6 Month 9.91%
1 Year 10.55%
2 Year 11.60%
3 Year 11.61%
Bandhan Base Rate 12.00%

Bandhan Bank Interest Rates

Bandhan Bank Interest Rates
Fixed Deposit Interest Rates 3.50% to 7.55% Detail
RD Interest Rates 6.40% to 7.55% Detail

MCLR of Bandhan Bank

Bandhan Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of Bandhan Bank as announced on 10 Dec 2018 are:

  • Overnight MCLR Rate is 9.68%. The rate was last revised on 10 Dec 2018 to 9.68% from 9.90%
  • 1 Month MCLR Rate is 9.72%. The rate was last revised on 10 Dec 2018 to 9.72% from 9.94%
  • 3 Month MCLR Rate is 9.80%. The rate was last revised on 10 Dec 2018 to 9.80% from 10.02%
  • 6 Month MCLR Rate is 9.91%. The rate was last revised on 10 Dec 2018 to 9.91% from 10.13%
  • 1 Year MCLR Rate is 10.55%. The rate was last revised on 12 Nov 2018 to 10.55% from 10.45%
  • 2 Year MCLR Rate is 11.60%. The rate was last revised on 10 Dec 2018 to 11.60% from 11.38%
  • 3 Year MCLR Rate is 11.61%. The rate was last revised on 10 Dec 2018 to 11.61% from 11.39%

Bandhan Bank MCLR Rate Trend

Date Bandhan Bank MCLR
10th Dec 18
Overnight : 9.68%
1 Month : 9.72%
3 Month : 9.80%
6 Month : 9.91%
1 Year : 10.55%
2 Year : 11.60%
3 Year : 11.61%
12th Nov 18
Overnight : 9.90%
1 Month : 9.94%
3 Month : 10.02%
6 Month : 10.13%
1 Year : 10.55%
2 Year : 11.38%
3 Year : 11.39%
06th Oct 18
Overnight : 9.63%
1 Month : 9.68%
3 Month : 9.79%
6 Month : 9.94%
1 Year : 10.45%
2 Year : 11.54%
3 Year : 11.59%
17th Sep 18
Overnight : 9.68%
1 Month : 9.75%
3 Month : 9.88%
6 Month : 10.09%
1 Year : 10.50%
2 Year : 11.58%
3 Year : 11.65%
09th Aug 18
Overnight : 9.81%
1 Month : 9.87%
3 Month : 9.98%
6 Month : 10.16%
1 Year : 10.50%
2 Year : 11.49%
3 Year : 11.65%
09th Jul 18
Overnight : 9.50%
1 Month : 9.56%
3 Month : 9.68%
6 Month : 9.85%
1 Year : 10.38%
2 Year : 11.69%
3 Year : 11.85%
18th Jun 18
Overnight : 9.48%
1 Month : 9.54%
3 Month : 9.64%
6 Month : 9.79%
1 Year : 10.29%
2 Year : 11.51%
3 Year : 11.78%
09th Apr 18
Overnight : 9.21%
1 Month : 9.26%
3 Month : 9.36%
6 Month : 9.51%
1 Year : 9.75%
2 Year : 10.59%
3 Year : 10.84%
08th Mar 18
Overnight : 9.37%
1 Month : 9.41%
3 Month : 9.49%
6 Month : 9.57%
1 Year : 9.91%
2 Year : 10.68%
3 Year : 10.91%
07th Feb 18
Overnight : 9.69%
1 Month : 9.72%
3 Month : 9.77%
6 Month : 9.80%
1 Year : 9.95%
2 Year : 10.53%
3 Year : 10.71%
09th Jan 18
Overnight : 9.82%
1 Month : 9.85%
3 Month : 9.92%
6 Month : 9.98%
1 Year : 10.16%
2 Year : 10.76%
3 Year : 10.96%
08th Dec 17
Overnight : 10.04%
1 Month : 10.07%
3 Month : 10.14%
6 Month : 10.17%
1 Year : 10.30%
2 Year : 10.85%
3 Year : 11.02%
06th Nov 17
Overnight : 10.05%
1 Month : 10.07%
3 Month : 10.11%
6 Month : 10.12%
1 Year : 10.20%
2 Year : 10.61%
3 Year : 10.74%
10th Oct 17
Overnight : 9.94%
1 Month : 9.94%
3 Month : 9.96%
6 Month : 9.97%
1 Year : 10.25%
2 Year : 10.65%
3 Year : 10.83%
06th Sep 17
Overnight : 10.18%
1 Month : 10.19%
3 Month : 10.23%
6 Month : 10.24%
1 Year : 10.30%
2 Year : 10.60%
3 Year : 10.73%
04th Aug 17
Overnight : 10.15%
1 Month : 10.16%
3 Month : 10.17%
6 Month : 10.18%
1 Year : 10.45%
2 Year : 10.76%
3 Year : 10.89%
04th Jul 17
Overnight : 10.30%
1 Month : 10.31%
3 Month : 10.32%
6 Month : 10.32%
1 Year : 10.50%
2 Year : 10.77%
3 Year : 10.83%
03rd Jun 17
Overnight : 10.13%
1 Month : 10.16%
3 Month : 10.22%
6 Month : 10.33%
1 Year : 10.50%
2 Year : 10.89%
3 Year : 10.92%
06th May 17
Overnight : 10.18%
1 Month : 10.21%
3 Month : 10.26%
6 Month : 10.32%
1 Year : 10.50%
2 Year : 10.99%
3 Year : 11.20%
03rd Jan 17
Overnight : 10.26%
1 Month : 10.27%
3 Month : 10.28%
6 Month : 10.29%
1 Year : 10.52%
17th Oct 16
Overnight : 11.73%
1 Month : 11.74%
3 Month : 11.78%
6 Month : 11.82%
1 Year : 12.00%
18th Jul 16
Overnight : 12.47%
1 Month : 12.49%
3 Month : 12.52%
6 Month : 12.57%
1 Year : 12.90%
  • Effective 1st April 2016, Bandhan Bank has been directed by RBI to fix its loan interest rates benchmarked to MCLR rate which is based on its marginal cost of funds. Earlier, the bank fixed its loan interest rates to Base Rate, which was based on total cost of funds of the bank. Bandhan Bank MCLR rates for different tenors range from 9.68% to 11.61%.
  • RBI allows banks to set their own MCLR Rate based on their marginal cost of funds which means the cost of raising new funds for the bank. So, Bandhan Bank decides and announces its MCLR rate regularly based on prescribed formula and policy rate changes by RBI in its monetary policy.
  • Note that the RBI does not decide the MCLR Rate of any bank. RBI only announces the repo rate, which influences the cost of raising new funds for the bank. Banks may or may not decide to change their MCLR rate in response to changes in the repo rate. For instance, Bandhan Bank may decide to bring a lower cut in their MCLR rate compared to a Repo Rate cut. If RBI cuts the repo rate by 50 basis points or 0.5%, Bandhan may decide to cut its MCLR rate only by 0.25% based on its internal funding and liquidity position. Hence, it is important to compare the MCLR rate change of Bandhan Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from Bandhan Bank.
  • MCLR rate can be revised by Bandhan Bank every month. However, it is not mandatory for Bandhan Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

Compare MCLR Rate Movement



    Compare Bandhan Bank MLCR Rates with Other Banks

    About Bandhan Bank

    • Bandhan Bank's registered office is located at DN 32, Sector V, Salt Lake City, Kolkata- 700091.
    • Bandhan Bank's management is led by its CEO Mr. Chandra Shekhar Ghosh.
    • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
    Bandhan News - Dec 2018
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