1st April 2016
Srinagar
J&K Bank adopts Marginal Cost of Funds based Lending Rate (MCLR)
All rupee loans sanctioned and credit limits renewed w.e.f. April 01, 2016 shall be priced with reference to the Marginal Cost of Funds based Lending Rate (MCLR). Accordingly it has been decided to fix the following benchmarks for different maturities of loans/advances w.e.f. April 01 , 2016:
Maturity Period |
MCLR |
Overnight |
9.25 |
One month |
9.30 |
Three months |
9.35 |
Six months |
9.40 |
One year |
9.45 |
Two years |
9.55 |
Three years |
9.60 |