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DCB Bank MCLR Rates, DCB Bank Base Rate – May 2022
DCB Bank MCLR Rate
Current MCLR rate of DCB Bank ranges from 8.28% to 9.23% varying by reset frequency of the loan. DCB Bank revises MCLR rates on a monthly basis and benchmark its interest rates for home loan and other loans to MCLR rates of different tenors.
Tenure wise MCLR | DCB Rate Today |
---|---|
Overnight | 8.28% |
1 Month | 8.28% |
3 Month | 8.98% |
6 Month | 9.18% |
1 Year | 9.23% |
DCB Base Rate | 10.19% |
DCB Bank Interest Rates
DCB Bank offers the following loans to its customer on these rates currently:
Home Loan Interest Rates | 8.25% * Floating | Detail |
Loan Against Property Rates | 8.25% * Floating | Detail |
Business Loan Interest Rates | 9.25% to 16.00% | Detail |
Fixed Deposit Interest Rates | 4.35% to 6.25% | Detail |
MCLR of DCB Bank
DCB Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of DCB Bank as announced on 06 May 2022 are:
- Overnight MCLR Rate is 8.28%.
- 1 Month MCLR Rate is 8.28%.
- 3 Month MCLR Rate is 8.98%.
- 6 Month MCLR Rate is 9.18%.
- 1 Year MCLR Rate is 9.23%.
- 2 Year MCLR Rate is 0.00%.
- 3 Year MCLR Rate is 0.00%.
- 5 Year MCLR Rate is 0.00%.
DCB Bank MCLR Rate Trend
Date | DCB Bank MCLR |
---|---|
06th May 22 | Overnight : 8.28% 1 Month : 8.28% 3 Month : 8.98% 6 Month : 9.18% 1 Year : 9.23% |
05th Apr 22 | Overnight : 8.26% 1 Month : 8.26% 3 Month : 8.96% 6 Month : 9.16% 1 Year : 9.21% |
05th Mar 22 | Overnight : 8.13% 1 Month : 8.13% 3 Month : 8.83% 6 Month : 9.03% 1 Year : 9.08% |
06th Jan 22 | Overnight : 7.96% 1 Month : 7.96% 3 Month : 8.66% 6 Month : 8.86% 1 Year : 8.91% |
07th Dec 21 | Overnight : 7.98% 1 Month : 7.98% 3 Month : 8.68% 6 Month : 8.88% 1 Year : 8.93% |
06th Oct 21 | Overnight : 8.02% 1 Month : 8.02% 3 Month : 8.72% 6 Month : 8.97% 1 Year : 8.97% |
06th Sep 21 | Overnight : 8.07% 1 Month : 8.07% 3 Month : 8.77% 6 Month : 9.02% 1 Year : 9.02% |
05th Jun 21 | Overnight : 8.12% 1 Month : 8.12% 3 Month : 8.82% 6 Month : 9.27% 1 Year : 9.37% |
06th Feb 21 | Overnight : 8.18% 1 Month : 8.18% 3 Month : 8.88% 6 Month : 9.33% 1 Year : 9.43% |
08th Dec 20 | Overnight : 8.22% 1 Month : 8.22% 3 Month : 8.92% 6 Month : 9.52% 1 Year : 9.67% |
06th Nov 20 | Overnight : 8.25% 1 Month : 8.25% 3 Month : 8.95% 6 Month : 9.55% 1 Year : 9.85% |
05th Sep 20 | Overnight : 8.35% 1 Month : 8.35% 3 Month : 9.05% 6 Month : 9.65% 1 Year : 9.95% |
12th Aug 20 | Overnight : 8.38% 1 Month : 8.38% 3 Month : 9.08% 6 Month : 9.68% 1 Year : 9.98% |
05th Jun 20 | Overnight : 8.48% 1 Month : 8.48% 3 Month : 9.18% 6 Month : 9.68% 1 Year : 10.08% |
06th Apr 20 | Overnight : 8.55% 1 Month : 8.55% 3 Month : 9.25% 6 Month : 9.75% 1 Year : 10.15% |
06th Apr 20 | Overnight : 8.55% 1 Month : 8.55% 3 Month : 9.25% 6 Month : 9.75% 1 Year : 10.15% |
06th Feb 20 | Overnight : 8.62% 1 Month : 8.62% 3 Month : 9.32% 6 Month : 9.82% 1 Year : 10.22% |
05th Nov 19 | Overnight : 8.71% 1 Month : 8.71% 3 Month : 9.34% 6 Month : 9.91% 1 Year : 10.31% |
05th Aug 19 | Overnight : 9.00% 1 Month : 9.00% 3 Month : 9.34% 6 Month : 10.09% 1 Year : 10.65% |
03rd Dec 18 | Overnight : 9.19% 1 Month : 9.29% 3 Month : 9.34% 6 Month : 10.09% 1 Year : 10.84% |
03rd Dec 18 | Overnight : 9.19% 1 Month : 9.29% 3 Month : 9.34% 6 Month : 10.09% 1 Year : 10.84% |
05th Nov 18 | Overnight : 9.09% 1 Month : 9.19% 3 Month : 9.24% 6 Month : 9.99% 1 Year : 10.74% |
06th Oct 18 | Overnight : 8.97% 1 Month : 9.07% 3 Month : 9.12% 6 Month : 9.87% 1 Year : 10.62% |
16th Aug 18 | Overnight : 8.75% 1 Month : 8.85% 3 Month : 8.90% 6 Month : 9.65% 1 Year : 10.40% |
03rd Aug 18 | Overnight : 8.70% 1 Month : 8.80% 3 Month : 8.85% 6 Month : 9.30% 1 Year : 10.07% |
12th Jun 18 | Overnight : 8.60% 1 Month : 8.70% 3 Month : 8.75% 6 Month : 9.20% 1 Year : 9.97% |
14th Feb 18 | Overnight : 8.50% 1 Month : 8.60% 3 Month : 8.65% 6 Month : 9.10% 1 Year : 9.87% |
18th Jul 17 | Overnight : 8.35% 1 Month : 8.45% 3 Month : 8.50% 6 Month : 8.95% 1 Year : 9.72% |
04th Feb 17 | Overnight : 8.75% 1 Month : 9.33% 3 Month : 9.53% 6 Month : 9.78% 1 Year : 9.98% |
26th Dec 16 | Overnight : 8.95% 1 Month : 9.68% 3 Month : 10.08% 6 Month : 10.28% 1 Year : 10.48% 2 Year : 10.59% 3 Year : 10.79% |
25th Aug 16 | Overnight : 9.28% 1 Month : 9.68% 3 Month : 10.08% 6 Month : 10.28% 1 Year : 10.48% 2 Year : 10.59% 3 Year : 10.79% |
04th May 16 | Overnight : 9.32% 1 Month : 9.72% 3 Month : 10.12% 6 Month : 10.32% 1 Year : 10.52% 2 Year : 10.63% 3 Year : 10.83% |
01st Apr 16 | Overnight : 9.80% 1 Month : 9.92% 3 Month : 10.12% 6 Month : 10.32% 1 Year : 10.52% 2 Year : 10.63% 3 Year : 10.83% |
- Effective 1st April 2016, DCB 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. DCB Bank MCLR rates for different tenors range from 8.28% to 9.23%.
- 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, DCB 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, DCB 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%, DCB may decide to cut its 1 Year 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 DCB Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from DCB Bank.
- MCLR rate can be revised by DCB Bank every month. However, it is not mandatory for DCB Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.
- As per the latest regulations given by RBI, with effect from April 1, 2019, all floating interest rates on retail loans are to be linked to external benchmark lending rates. These could be the RBI's repo rate, three-month treasury bill yield, six-month treasury bill yield or other benchmark rate published by the Financial Benchmarks India Pvt Ltd.This was done in view to promote the easier transmission of reduced interest rates to customers, which was not well done when rates were linked to MCLR.
DCB Bank Home Loan Interest Rate and MCLR
- Every floating rate loan sanctioned by DCB Bank is benchmarked to its MCLR Rate for a particular tenure, say 1 month or 3 month or 6 months.
- Shorter duration loans such as cash credit, OD facility, personal loans are linked to short tenure MCLR rate while longer duration loans such as home loan, loan against property, vehicle loan are linked to longer duration MCLR rates.
- The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark.
Compare DCB Bank MCLR Rates with Other Banks
- Allahabad Bank
- Andhra Bank
- AU Small Finance Bank
- Axis Bank
- Bajaj Finserv
- Bandhan Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Cholamandalam
- Citibank
- Corporation Bank
- DBS Bank
- DCB Bank
- Dhan Laxmi Bank
- Edelweiss
- Equitas Small Finance Bank
- ESAF Small Finance Bank
- Federal Bank
- GIC Housing Finance
- HDFC
- HDFC Bank
- HSBC Bank
- ICICI Bank
- ICICI Home Finance
- IDBI Bank
- IDFC First Bank
- IIFL
- Indiabulls
- Indian Bank
- Indian Overseas Bank
- IndusInd Bank
- Jammu And Kashmir Bank
- Jana Small Finance Bank
- Karnataka Bank
- Karur Vysya Bank
- Kotak Bank
- Lakshmi Vilas Bank
- LIC Housing Finance
- LT Housing Finance
- OBC
- Piramal Housing Finance
- PNB
- PNB Housing Finance
- Punjab and Sind Bank
- RBL Bank
- SBI
- South Indian Bank
- Standard Chartered Bank
- Syndicate Bank
- UCO Bank
- Ujjivan Small Finance Bank
- Union Bank of India
- United Bank of India
- Yes Bank
About DCB Bank
- DCB Bank's registered office is located at 601 & 602, Peninsula Business Park, 6th floor, Tower A, Senapati Bapat Marg, Mumbai Maharashtra-400013 .
- DCB Bank's management is led by its CEO Mr. Murali.M. Natrajan.
- Its current Base Rate is 10.19%, which was last revised on 06th Mar 22.
FAQs
✅What is the MCLR of DCB Bank?
DCB Bank MCLR ranges between 8.28% to 9.23% for a tenure ranging between 1 month to 5 years.
✅What is the current DCB Bank MCLR rate?
Current DCB Bank, overnight tenure is 8.28%, 1 month mclr is 8.28% , three month mclr is 8.98%, six month mclr is 9.18%, one year tenure is 9.23% and two year tenure is 0.00%.
✅What is DCB Bank base rate?
Currently, DCB Bank offers loans at a base rate of 10.19%.
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- 2021-09-14 : DCB Bank Revises MCLR Rate
DCB Bank has revised the Marginal Cost of Funds Lending Rate (MCLR) for different tenures. Now, the one-year and six-month MCLR are 9.02%. Three-months MCLR is at 8.77%, one month and overnight MCLR is 8.07%. - 2021-02-09 : Revised MCLR for DCB Bank
With effect from 6 February 2021, DCB Bank revised its MCLR The overnight and one-month MCLR is 8.18%. The three months and six months MCLR is 8.88% and 9.33%, respectively. The MCLR for the tenure of one year is 9.43%. - 2020-08-13 : DCB Bank revised MCLR
DCB Bank revised its MCLR with effect from 12 August 2020. The overnight and one-month MCLR is 8.38%. The three months and six months MCLR is 9.08% and 9.68%, respectively. The MCLR for the tenure of one year is 9.98%. - 2020-04-06 : DCB Bank revised MCLR
DCB Bank revised its MCLR with effect from 6th April 2020. The overnight and one-month MCLR is 8.55%. The three months and six months MCLR is 9.25% and 9.75%, respectively. The MCLR for the tenure of one year is 10.15%. - 2020-02-06 : DCB Bank revised its MCLR rate
DCB Bank changed its lending rates. The overnight and one-month lending rate is 8.62%. MCLR for three months is 9.32% and it is 9.82% for six months. Further, MCLR for one year is 10.22%. The revised rates are in effect from 6 February 2020.
