| UCO Bank announced revised MCLRs and benchmark rates as under:
MCLR Tenor Rate
Overnight - 8.00%
One month - 8.25%
Three month - 8.40%
Six month - 8.65%
One year - 8.80%
Benchmark Rates
TBLR (3 month)-w.e.f. 10 January 2024 - 6.95%
TBLR (6 month)-w.e.f. 10 January 2024 - 7.10%
TBLR (12 month)-w.e.f. 10 January 2024 - 7.10%
Repo Linked Rate – UCO Float (w.e.f. 15 March 2023) - 9.30%
Base Rate - 9.60%
BPLR - 14.25%
The revised MCLR and TBLR(3/6 month) is effective from 10 January 2024. Other Benchmark rates viz. Repo Linked rate, Base Rate, TBLR (12 month) and BPLR remain unchanged. |