Ujjivan Small Finance Bank MCLR Rates, Ujjivan Small Finance Bank Base Rate – Sep 2020

Ujjivan Small Finance Bank MCLR Rate

6th August 2020 – RBI keeps Repo Rate unchanged at 4%

Current MCLR rate of Ujjivan Small Finance Bank ranges from 13.60% to 15.00% varying by reset frequency of the loan. Ujjivan 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 Ujjivan Bank Rate Today
Overnight 14.20%
1 Month 13.60%
3 Month 13.70%
6 Month 13.80%
1 Year 14.00%
2 Year 14.40%
3 Year 15.00%
Ujjivan Bank Base Rate -

Ujjivan Small Finance Bank Interest Rates

Ujjivan Small Finance Bank Interest Rates
Fixed Deposit Interest Rates 3.50% to 6.95% Detail
Saving Account Interest Rates 0.00% to 6.50% Detail
RD Interest Rates 6.25% to 7.50% Detail

MCLR of Ujjivan Small Finance Bank

Ujjivan Small Finance Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of Ujjivan Small Finance Bank as announced on 20 Aug 2020 are:

  • Overnight MCLR Rate is 14.20%. The rate was last revised on 20 Aug 2020 to 14.20% from 14.50%
  • 1 Month MCLR Rate is 13.60%. The rate was last revised on 20 Aug 2020 to 13.60% from 13.80%
  • 3 Month MCLR Rate is 13.70%. The rate was last revised on 20 Aug 2020 to 13.70% from 13.90%
  • 6 Month MCLR Rate is 13.80%. The rate was last revised on 20 Aug 2020 to 13.80% from 14.00%
  • 1 Year MCLR Rate is 14.00%. The rate was last revised on 20 Aug 2020 to 14.00% from 14.30%
  • 2 Year MCLR Rate is 14.40%. The rate was last revised on 20 Aug 2020 to 14.40% from 14.70%
  • 3 Year MCLR Rate is 15.00%. The rate was last revised on 20 Aug 2020 to 15.00% from 15.10%

Ujjivan Small Finance Bank MCLR Rate Trend

Date Ujjivan Small Finance Bank MCLR
20th Aug 20
Overnight : 14.20%
1 Month : 13.60%
3 Month : 13.70%
6 Month : 13.80%
1 Year : 14.00%
2 Year : 14.40%
3 Year : 15.00%
20th Jul 20
Overnight : 14.50%
1 Month : 13.80%
3 Month : 13.90%
6 Month : 14.00%
1 Year : 14.30%
2 Year : 14.70%
3 Year : 15.10%
20th Jun 20
Overnight : 14.60%
1 Month : 13.90%
3 Month : 14.00%
6 Month : 14.10%
1 Year : 14.40%
2 Year : 15.10%
3 Year : 15.20%
20th May 20
Overnight : 15.20%
1 Month : 14.30%
3 Month : 14.40%
6 Month : 14.70%
1 Year : 14.80%
2 Year : 15.20%
3 Year : 15.60%
20th Apr 20
Overnight : 15.10%
1 Month : 14.20%
3 Month : 14.80%
6 Month : 15.10%
1 Year : 15.20%
2 Year : 15.40%
3 Year : 16.00%
20th Mar 20
Overnight : 15.90%
1 Month : 15.50%
3 Month : 15.50%
6 Month : 15.70%
1 Year : 16.00%
2 Year : 16.20%
3 Year : 16.40%
20th Feb 20
Overnight : 15.80%
1 Month : 15.70%
3 Month : 15.80%
6 Month : 15.90%
1 Year : 16.00%
2 Year : 16.20%
3 Year : 16.50%
20th Jan 20
Overnight : 15.10%
1 Month : 14.90%
3 Month : 15.00%
6 Month : 15.10%
1 Year : 15.60%
2 Year : 16.00%
3 Year : 16.20%
20th Dec 19
Overnight : 15.10%
1 Month : 14.90%
3 Month : 14.90%
6 Month : 15.10%
1 Year : 15.50%
2 Year : 15.70%
3 Year : 16.20%
20th Nov 19
Overnight : 15.60%
1 Month : 15.40%
3 Month : 15.40%
6 Month : 15.50%
1 Year : 15.60%
2 Year : 15.90%
3 Year : 16.30%
20th Feb 19
Overnight : 15.20%
1 Month : 15.20%
3 Month : 15.30%
6 Month : 15.30%
1 Year : 15.40%
2 Year : 15.60%
3 Year : 15.70%
20th Dec 18
Overnight : 15.60%
1 Month : 15.70%
3 Month : 15.70%
6 Month : 16.00%
1 Year : 16.00%
2 Year : 16.00%
3 Year : 16.20%
20th Nov 18
Overnight : 15.50%
1 Month : 15.50%
3 Month : 15.80%
6 Month : 16.10%
1 Year : 16.20%
2 Year : 16.30%
3 Year : 16.40%
20th Oct 18
Overnight : 15.00%
1 Month : 14.90%
3 Month : 15.50%
6 Month : 15.90%
1 Year : 16.10%
2 Year : 16.20%
3 Year : 16.30%
20th Sep 18
Overnight : 14.80%
1 Month : 15.00%
3 Month : 15.20%
6 Month : 15.50%
1 Year : 15.80%
2 Year : 16.20%
3 Year : 16.20%
20th Aug 18
Overnight : 14.85%
1 Month : 14.85%
3 Month : 15.05%
6 Month : 15.35%
1 Year : 15.65%
2 Year : 15.65%
3 Year : 15.65%
20th Jul 18
Overnight : 14.40%
1 Month : 14.40%
3 Month : 14.60%
6 Month : 15.00%
1 Year : 15.00%
2 Year : 15.60%
3 Year : 15.60%
20th Jun 18
Overnight : 14.30%
1 Month : 14.40%
3 Month : 14.60%
6 Month : 14.95%
1 Year : 14.95%
2 Year : 15.65%
3 Year : 15.65%
20th May 18
Overnight : 14.70%
1 Month : 14.75%
3 Month : 14.95%
6 Month : 15.15%
1 Year : 15.45%
2 Year : 15.45%
3 Year : 15.45%
20th Apr 18
Overnight : 14.70%
1 Month : 14.45%
3 Month : 14.80%
6 Month : 15.00%
1 Year : 15.20%
2 Year : 15.20%
3 Year : 15.20%
10th Mar 18
Overnight : 14.30%
1 Month : 14.35%
3 Month : 14.65%
6 Month : 14.80%
1 Year : 15.00%
2 Year : 15.00%
3 Year : 15.50%
  • Effective 1st April 2016, Ujjivan 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. Ujjivan Small Finance Bank MCLR rates for different tenors range from 13.60% to 15.00%.
  • 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, Ujjivan 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, Ujjivan 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%, Ujjivan 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 Ujjivan 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 Ujjivan Small Finance Bank.
  • MCLR rate can be revised by Ujjivan Small Finance Bank every month. However, it is not mandatory for Ujjivan 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 Ujjivan Small Finance Bank MLCR Rates with Other Banks

    About Ujjivan Small Finance Bank

    • Ujjivan Small Finance Bank's registered office is located at Grape Garden, No. 27, 3rd ‘A’ Cross, 18th Main, 6th Block, Koramangala, Bengaluru - 560 095, Karnataka..
    • Ujjivan Small Finance Bank's management is led by its CEO Mr. Nitin Chugh.
    • Its current Base Rate is 9.75%, which was last revised on 01st Aug 20.
    Ujjivan Bank News - Sep 2020
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