Dena Bank reduces Marginal Cost Based Lending Rate (MCLR) by 5 basis points
Mumbai, March 31, 2017: Dena Bank, India’s trusted family bank has reduced Marginal Cost Based Lending Rate (MCLR) by 5 basis points for overnight, one month and 3 month tenors from 1st April, 2017.
As per the structure of the MCLR rates Dena bank fixed its overnight period MCLR at 8.40 while setting up the one month period MCLR at 8.45.For three months period MCLR has been fixed at 8.50 and for six months period the rate has been fixed at 8.55 and for one year period the rate has been fixed at 8.60.
The tenor based MCLR are as follows:
| Sr. | Tenor | MCLR (%) |
| 1 | Overnight MCLR | 8.40 |
| 2 | One Month MCLR | 8.45 |
| 3 | Three Month MCLR | 8.50 |
| 4 | Six Month MCLR | 8.55 |
| 5 | One Year MCLR | 8.60 |
