Federal Bank Base Rate, Federal Bank MCLR Base Rate Past Trend

Current Federal Bank MCLR Base Rate

Last Updated 29th Nov 2016
Tenure Base Rate, MCLR
Overnight 9.10%
1 Month 9.20%
3 Month 9.30%
6 Month 9.40%
1 Year 9.45%
Current MCLR base rate of Federal Bank ranges from 9.10% to 9.45% depending on the reset frequency of the loan. Rates are revised every month.
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Federal Bank Interest Rates
Home Loan Interest Rates 9.50% * Floating
Loan Against Property Rates 12.15% * Floating
Personal Loan Interest Rates 13.44% *

Past Trend Base Rate of Federal Bank

SBI base rate history
Revised Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year MCLR
2 Year MCLR
3 Year MCLR
5 Year MCLR
01st Nov 16
9.10%
9.20%
9.30%
9.40%
9.45%
-
-
-
01st Oct 16
9.10%
9.43%
9.57%
9.57%
9.52%
-
-
-
01st Sep 16
9.10%
9.43%
9.57%
9.57%
9.52%
-
-
-
01st Aug 16
9.10%
9.43%
9.57%
9.57%
9.52%
-
-
-
01st Jul 16
9.10%
9.43%
9.57%
9.57%
9.52%
-
-
-
01st Jun 16
9.08%
9.41%
9.55%
9.54%
9.49%
-
-
-
01st May 16
9.08%
9.41%
9.55%
9.54%
9.49%
-
-
-
01st Apr 16
9.14%
9.47%
9.60%
9.60%
9.54%
-
-
-

Federal Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Federal Bank decides its own base rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR base rate of any bank
  • Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. Federal Bank has different MCLR base rates ranging from 9.10% to 9.45% for different tenures

Changes in MCLR Base rate of Federal Bank

  • MCLR rate can be revised by Federal Bank every month
  • Note that it is not mandatory for Federal Bank to revise its rate every month and it may choose to retain the same rate for a longer period

Federal Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Federal Bank is benchmarked to its MCLR base rate for a particular tenure, say 1 month or 3 month or 6 months
  • Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration 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
  • Your loan from Federal Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of Federal Bank will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 9.54%. This loan will initially be priced at 10.04%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.29%, the loan will be priced at 9.79% for the next year

Past trend of Federal Bank Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
02nd Dec 15 9.63% decreased by 0.32%
29th Sep 15: 0.5% repo cut by RBI
18th Jun 15 9.95% decreased by 0.25%
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
16th Jun 14 10.20%
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
21st Feb 13 10.20% decreased by 0.25%
29th Jan 13: 0.25% repo cut by RBI
02nd May 12 10.45% decreased by 0.2%
17th Apr 12: 0.5% repo cut by RBI
05th Mar 12 10.65% decreased by 0.1%
07th Nov 11 10.75% increased by 0.25%
25th Oct 11: 0.25% repo hike by RBI
10th Oct 11 10.50% increased by 0.25%
16th Sep 11: 0.25% repo hike by RBI
01st Aug 11 10.25% increased by 0.28%
26th Jul 11: 0.5% repo hike by RBI
20th Jun 11 9.97% increased by 0.25%
16th Jun 11: 0.25% repo hike by RBI
10th May 11 9.72% increased by 0.47%
03rd May 11: 0.5% repo hike by RBI
04th Apr 11 9.25% increased by 0.25%
17th Mar 11: 0.25% repo hike by RBI
10th Feb 11 9.00% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
01st Jan 11 8.50% increased by 0.5%
02nd Nov 10: 0.25% repo hike by RBI
01st Oct 10 8.00% increased by 0.25%
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 7.75%

Federal Bank Base Rate Vs. RBI Repo Rate Trend

About Federal Bank

  • Federal Bank is a Private Bank in India with 1,247 branches, 1,485 ATM's and 10,981 employees across the country.
  • Federal Bank's registered office is located at P.O.Box No.103 Federal Towers Aluva, Kerala-683101 .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 2,380 crs. and Standalone net profit of Rs. 1,006 crs. Federal Bank reported total deposits of Rs. 70,825 crs and total advances of Rs. 51,951 crs.
  • Federal Bank's management is led by its CEO Mr. Shyam Srinivasan.
  • Highest fixed deposit interest offered by Federal Bank is 7.35% per annum on deposits.
  • Its current Base Rate is 9.63%, which was last revised on 01st Dec 15.
X
News - Dec 2016
06th Sep 16 Federal Bank launches Digital Personal Loans
Federal Bank has launched Digital Personal Loans for its customers to avail personal loans instantly with minimal paper work. Now customer can get personal loans in a minute by just logging into its website. The loan money will be credited to the account of the customer after the approval of the offer by the borrower. This is the third digital retail loan scheme offered by the bank after car loan and loan against term deposit.
19th Aug 16 Federal Bank starts new referral option in its mobile banking app
Federal Bank has come with a reward program to its customers who refer FedMobile to friends or relatives. FedMobile is a transaction app of Federal Bank. Now customers can share the app link with the friends by clicking Refer A Friend option given in the FedMobile app home page. This message can be shared using Whatsapp, mail, Facebook etc without any cost. Customer who referred will get Rs. 50 when the referred friend does his first transaction from the app. This app can be used for availing banking facilities, bill payments, Funds Transfer and also for making future payments in advance.
19th Aug 16 Federal Bank ties up with Chillr
Federal Bank has partnered with Chillr which is a mobile banking application that connects a person directly to its bank account and enables to make bill payments, transfer money and phone recharge. This facility will help customers to do cashless transactions at any time and manage their banking requirements at a single stage. Customer can initiate their transactions on Chillr with total security authenticated by a secure PIN provided by the bank. The app is available to all the customers of Federal Bank.
18th Aug 16 Federal Bank has tied up with MMTC for disbursement of Indian gold Coins
Federal Bank entered into partnership with MMTC to allow its customers to buy Indian Gold coins, that are a part of National Gold scheme launched by government in November 2015
22nd Jul 16 Federal Bank Q1 net grows 18% to Rs 167 crore
As per the results of Q1FY17 , Federal Bank reported a 18.3 percent increase in its Net Profit at Rs. 167.3 crore. Asset quality was stable in the current quarter, with Gross NPAs ratio of 2.92 percent in first quarter of FY17 compared to 2.59 percent as on FY16. Net NPAs increased by 0.98 percent to 1.68 percent in the June quarter when compared on yearly basis. Asset quality showed mild signs of weakening with Provisions for Bad Loans increasing by 10 percent yoy to Rs 168.48 crore
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