Tamilnad Mercantile Bank revises MCLRs and RLLR

With effect from 07 February 2023

Tamilnad Mercantile Bank has revised the Marginal Cost of Funds Based Lending Rates (MCLR) & the Repo Linked Lending Rate (RLLR) of the Bank with effect from 07 February 2023 as under:

Overnight MCLR - 7.75%
One month MCLR - 7.75%
Three month MCLR - 8.50%
Six month MCLR - 8.75%
One year MCLR - 9.15%

RLLR - 9.10%

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