Jana Small Finance Bank MCLR Rates, Jana Small Finance Bank Base Rate – Feb 2020

Jana Small Finance Bank MCLR Rate

Current MCLR rate of Jana Small Finance Bank ranges from 11.96% to 13.01% varying by reset frequency of the loan. Jana Small Finance 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 Jana Finance Bank Rate Today
Overnight 11.96%
1 Month 11.98%
3 Month 12.04%
6 Month 12.13%
1 Year 12.32%
2 Year 12.69%
3 Year 13.01%
Jana Finance Bank Base Rate -

Jana Small Finance Bank Interest Rates

Jana Small Finance Bank Interest Rates
Fixed Deposit Interest Rates 5.00% to 8.50% Detail
RD Interest Rates 6.75% to 8.50% Detail

MCLR of Jana Small Finance Bank

Jana Small Finance Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of Jana Small Finance Bank as announced on 10 Feb 2020 are:

  • Overnight MCLR Rate is 11.96%. The rate was last revised on 10 Feb 2020 to 11.96% from 12.44%
  • 1 Month MCLR Rate is 11.98%. The rate was last revised on 10 Feb 2020 to 11.98% from 12.45%
  • 3 Month MCLR Rate is 12.04%. The rate was last revised on 10 Feb 2020 to 12.04% from 12.48%
  • 6 Month MCLR Rate is 12.13%. The rate was last revised on 10 Feb 2020 to 12.13% from 12.52%
  • 1 Year MCLR Rate is 12.32%. The rate was last revised on 10 Feb 2020 to 12.32% from 12.64%
  • 2 Year MCLR Rate is 12.69%. The rate was last revised on 10 Feb 2020 to 12.69% from 12.90%
  • 3 Year MCLR Rate is 13.01%. The rate was last revised on 10 Feb 2020 to 13.01% from 13.18%

Jana Small Finance Bank MCLR Rate Trend

Date Jana Small Finance Bank MCLR
10th Feb 20
Overnight : 11.96%
1 Month : 11.98%
3 Month : 12.04%
6 Month : 12.13%
1 Year : 12.32%
2 Year : 12.69%
3 Year : 13.01%
10th Jan 20
Overnight : 12.44%
1 Month : 12.45%
3 Month : 12.48%
6 Month : 12.52%
1 Year : 12.64%
2 Year : 12.90%
3 Year : 13.18%
  • Effective 1st April 2016, Jana Small Finance 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. Jana Small Finance Bank MCLR rates for different tenors range from 11.96% to 13.01%.
  • 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, Jana Small Finance 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, Jana Small Finance 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%, Jana Finance 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 Jana Small Finance Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from Jana Small Finance Bank.
  • MCLR rate can be revised by Jana Small Finance Bank every month. However, it is not mandatory for Jana Small Finance 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 Jana Small Finance Bank MLCR Rates with Other Banks

    About Jana Small Finance Bank

    • Jana Small Finance Bank's registered office is located at Jana Small Finance Bank Limited The Fairway Business Park, First Floor, Survey No.10/1, 11/2 & 12/2B, Off Domlur, Koramangala Inner Ring Road, Next to EGL Business Park Challaghatta, Bengaluru - 560071.
    • Jana Small Finance Bank's management is led by its CEO Mr. Ajay Kanwal.
    • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
    *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