Indian Bank has revised the Marginal Cost of Funds Based Lending Rates (MCLRs) with effect from March 08, 2019. The Bank has revised 1 year MCLR to 8.65% per annum (p.a.).
The Bank has also revised Overnight, 1 month, 3 months and 6 months MCLR to 8.10% p.a., 8.25% p.a., 8.45% p.a. and 8.55% p.a., respectively.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.