Axis Bank Ltd.

Axis Bank has reduced its marginal cost of funds based lending rate (MCLR) by 5 basis points with effect from October 18, 2016. With this, one year MCLR of the Bank now stands at 9.20% p.a.

The overnight, 1 month, 3 month and 6 month MCLR are revised to 8.80% p.a, 8.85% p.a, 9.05% p.a and 9.15% p.a respectively. Moreover, 2 years and 3 years MCLR are also revised to 9.30% p.a and 9.35% p.a. respectively.

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.