UCO Bank has reviewed the benchmark rates and decided for revision in MCLR (Overnight/Six month) and TBLR, as detailed hereunder:
| MCLR Tenor |
Revised Rate (with effect from 11.07.2024) |
| Overnight |
8.15% |
| One month |
8.30% |
| Three month |
8.50% |
| Six month |
8.75% |
| One year |
8.90% |
Other Benchmark Rates
| Benchmark |
Rate |
| TBLR (3 month)-w.e.f – 11.07.2024 |
6.85% |
| TBLR (6 month)- w.e.f– 11.07.2024 |
6.95% |
| TBLR (12 month)- w.e.f – 11.07.2024 |
7.00% |
| Repo Linked Rate – UCO Float |
9.30% |
| Base Rate |
9.60% |
| BPLR |
14.25% |
The revised (Overnight/Six month) and TBLR is effective from 11 July 2024. Other Benchmark rates viz. MCLR (One month/Three month/One year), Repo Linked rate, Base Rate and BPLR remain unchanged. |