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IndusInd Bank MCLR Rates, IndusInd Bank Base Rate – Nov 2019

IndusInd Bank MCLR Rate

Current MCLR rate of IndusInd Bank ranges from 8.90% to 9.55% varying by reset frequency of the loan. IndusInd 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 IndusInd Bank Rate Today
Overnight 8.90%
1 Month 8.95%
3 Month 9.25%
6 Month 9.40%
1 Year 9.45%
2 Year 9.50%
3 Year 9.55%
IndusInd Bank Base Rate 10.55%

IndusInd Bank Interest Rates

IndusInd Bank Interest Rates
Loan Against Property Rates 9.50% * Floating Detail
Personal Loan Interest Rates 11.00% to 20.00% Detail
Car Loan Interest Rates 10.65% to 15.50% Detail
Business Loan Interest Rates 14.00% to 23.00% Detail
Gold Loan Interest Rates 11.15% to 15.75% Detail
Fixed Deposit Interest Rates 4.00% to 7.25% Detail
RD Interest Rates 7.25% to 8.00% Detail

MCLR of IndusInd Bank

IndusInd Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of IndusInd Bank as announced on 22 Oct 2019 are:

  • Overnight MCLR Rate is 8.90%. The rate was last revised on 22 Oct 2019 to 8.90% from 9.00%
  • 1 Month MCLR Rate is 8.95%. The rate was last revised on 22 Oct 2019 to 8.95% from 9.05%
  • 3 Month MCLR Rate is 9.25%. The rate was last revised on 22 Oct 2019 to 9.25% from 9.35%
  • 6 Month MCLR Rate is 9.40%. The rate was last revised on 22 Oct 2019 to 9.40% from 9.50%
  • 1 Year MCLR Rate is 9.45%. The rate was last revised on 22 Oct 2019 to 9.45% from 9.55%
  • 2 Year MCLR Rate is 9.50%. The rate was last revised on 22 Oct 2019 to 9.50% from 9.60%
  • 3 Year MCLR Rate is 9.55%. The rate was last revised on 22 Oct 2019 to 9.55% from 9.65%

IndusInd Bank MCLR Rate Trend

Date IndusInd Bank MCLR
22nd Oct 19
Overnight : 8.90%
1 Month : 8.95%
3 Month : 9.25%
6 Month : 9.40%
1 Year : 9.45%
2 Year : 9.50%
3 Year : 9.55%
22nd Sep 19
Overnight : 9.00%
1 Month : 9.05%
3 Month : 9.35%
6 Month : 9.50%
1 Year : 9.55%
2 Year : 9.60%
3 Year : 9.65%
22nd Aug 19
Overnight : 9.10%
1 Month : 9.15%
3 Month : 9.45%
6 Month : 9.60%
1 Year : 9.65%
2 Year : 9.70%
3 Year : 9.75%
22nd Jul 19
Overnight : 9.15%
1 Month : 9.20%
3 Month : 9.50%
6 Month : 9.65%
1 Year : 9.70%
2 Year : 9.75%
3 Year : 9.80%
22nd Jun 19
Overnight : 9.20%
1 Month : 9.25%
3 Month : 9.55%
6 Month : 9.70%
1 Year : 9.75%
2 Year : 9.75%
3 Year : 9.80%
22nd May 19
Overnight : 9.30%
1 Month : 9.35%
3 Month : 9.65%
6 Month : 9.80%
1 Year : 9.85%
2 Year : 9.90%
3 Year : 9.95%
22nd Apr 19
Overnight : 9.30%
1 Month : 9.35%
3 Month : 9.65%
6 Month : 9.80%
1 Year : 9.85%
2 Year : 9.90%
3 Year : 9.95%
17th Mar 19
Overnight : 9.35%
1 Month : 9.40%
3 Month : 9.70%
6 Month : 9.85%
1 Year : 9.90%
2 Year : 9.95%
3 Year : 10.00%
17th Feb 19
Overnight : 9.35%
1 Month : 9.40%
3 Month : 9.70%
6 Month : 9.85%
1 Year : 9.90%
2 Year : 10.00%
3 Year : 10.05%
17th Jan 19
Overnight : 9.35%
1 Month : 9.40%
3 Month : 9.70%
6 Month : 9.85%
1 Year : 9.90%
2 Year : 10.00%
3 Year : 10.05%
17th Dec 18
Overnight : 9.25%
1 Month : 9.30%
3 Month : 9.60%
6 Month : 9.75%
1 Year : 9.80%
2 Year : 9.90%
3 Year : 9.95%
17th Nov 18
Overnight : 9.20%
1 Month : 9.25%
3 Month : 9.55%
6 Month : 9.70%
1 Year : 9.75%
2 Year : 9.85%
3 Year : 9.90%
17th Oct 18
Overnight : 9.15%
1 Month : 9.20%
3 Month : 9.50%
6 Month : 9.65%
1 Year : 9.70%
2 Year : 9.80%
3 Year : 9.85%
17th Sep 18
Overnight : 9.00%
1 Month : 9.05%
3 Month : 9.35%
6 Month : 9.60%
1 Year : 9.65%
2 Year : 9.70%
3 Year : 9.75%
17th Aug 18
Overnight : 8.95%
1 Month : 9.00%
3 Month : 9.30%
6 Month : 9.55%
1 Year : 9.60%
2 Year : 9.65%
3 Year : 9.70%
17th Jul 18
Overnight : 8.90%
1 Month : 8.95%
3 Month : 9.25%
6 Month : 9.50%
1 Year : 9.55%
2 Year : 9.60%
3 Year : 9.65%
17th Jun 18
Overnight : 8.90%
1 Month : 8.95%
3 Month : 9.25%
6 Month : 9.50%
1 Year : 9.55%
2 Year : 9.60%
3 Year : 9.65%
17th May 18
Overnight : 8.70%
1 Month : 8.75%
3 Month : 9.05%
6 Month : 9.30%
1 Year : 9.35%
2 Year : 9.40%
3 Year : 9.45%
17th Apr 18
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.95%
6 Month : 9.20%
1 Year : 9.25%
2 Year : 9.30%
3 Year : 9.35%
17th Mar 18
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.95%
6 Month : 9.20%
1 Year : 9.25%
2 Year : 9.30%
3 Year : 9.35%
17th Feb 18
Overnight : 8.45%
1 Month : 8.50%
3 Month : 8.80%
6 Month : 9.05%
1 Year : 9.10%
2 Year : 9.15%
3 Year : 9.20%
17th Jan 18
Overnight : 8.30%
1 Month : 8.35%
3 Month : 8.65%
6 Month : 8.90%
1 Year : 8.95%
2 Year : 9.00%
3 Year : 9.05%
17th Dec 17
Overnight : 8.20%
1 Month : 8.25%
3 Month : 8.55%
6 Month : 8.80%
1 Year : 8.85%
2 Year : 8.90%
3 Year : 8.95%
17th Nov 17
Overnight : 8.20%
1 Month : 8.25%
3 Month : 8.55%
6 Month : 8.80%
1 Year : 8.85%
2 Year : 8.90%
3 Year : 8.95%
17th Oct 17
Overnight : 8.20%
1 Month : 8.25%
3 Month : 8.55%
6 Month : 8.80%
1 Year : 8.85%
2 Year : 8.90%
3 Year : 8.95%
17th Sep 17
Overnight : 8.30%
1 Month : 8.35%
3 Month : 8.65%
6 Month : 8.90%
1 Year : 8.95%
2 Year : 9.00%
3 Year : 9.05%
17th Aug 17
Overnight : 8.30%
1 Month : 8.35%
3 Month : 8.65%
6 Month : 8.90%
1 Year : 9.00%
2 Year : 9.10%
17th Jun 17
Overnight : 8.40%
1 Month : 8.45%
3 Month : 8.75%
6 Month : 9.00%
1 Year : 9.10%
2 Year : 9.30%
17th May 17
Overnight : 8.40%
1 Month : 8.45%
3 Month : 8.75%
6 Month : 9.00%
1 Year : 9.10%
2 Year : 9.20%
17th Apr 17
Overnight : 8.40%
1 Month : 8.45%
3 Month : 8.75%
6 Month : 9.00%
1 Year : 9.10%
2 Year : 9.15%
17th Mar 17
Overnight : 8.40%
1 Month : 8.45%
3 Month : 8.75%
6 Month : 9.00%
1 Year : 9.10%
17th Feb 17
Overnight : 8.40%
1 Month : 8.45%
3 Month : 8.75%
6 Month : 9.00%
1 Year : 9.10%
17th Jan 17
Overnight : 8.40%
1 Month : 8.45%
3 Month : 8.75%
6 Month : 9.00%
1 Year : 9.10%
17th Dec 16
Overnight : 8.75%
1 Month : 8.80%
3 Month : 9.10%
6 Month : 9.35%
1 Year : 9.45%
17th Nov 16
Overnight : 8.80%
1 Month : 8.85%
3 Month : 9.20%
6 Month : 9.45%
1 Year : 9.60%
24th Oct 16
Overnight : 8.85%
1 Month : 8.90%
3 Month : 9.25%
6 Month : 9.50%
1 Year : 9.65%
29th Sep 16
Overnight : 8.95%
1 Month : 9.00%
3 Month : 9.35%
6 Month : 9.60%
1 Year : 9.75%
26th Aug 16
Overnight : 8.95%
1 Month : 9.00%
3 Month : 9.35%
6 Month : 9.60%
1 Year : 9.75%
20th Jul 16
Overnight : 8.95%
1 Month : 9.00%
3 Month : 9.35%
6 Month : 9.60%
1 Year : 9.90%
15th Jun 16
Overnight : 9.10%
1 Month : 9.15%
3 Month : 9.35%
6 Month : 9.60%
1 Year : 9.90%
23rd May 16
Overnight : 9.15%
1 Month : 9.20%
3 Month : 9.40%
6 Month : 9.65%
1 Year : 9.95%
29th Apr 16
Overnight : 9.20%
1 Month : 9.25%
3 Month : 9.45%
6 Month : 9.70%
1 Year : 10.00%
  • Effective 1st April 2016, IndusInd 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. IndusInd Bank MCLR rates for different tenors range from 8.90% to 9.55%.
  • 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, IndusInd 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, IndusInd 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%, IndusInd Bank 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 IndusInd Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from IndusInd Bank.
  • MCLR rate can be revised by IndusInd Bank every month. However, it is not mandatory for IndusInd 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 IndusInd Bank MLCR Rates with Other Banks

    About IndusInd Bank

    • IndusInd Bank's registered office is located at Wagle Estate, Thane - 400604.
    • IndusInd Bank's management is led by its CEO Mr.Romesh Sobti.
    • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
    IndusInd Bank News - Nov 2019
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More