UCO Bank has announced revisions to its Marginal Cost of Fund-Based Lending Rate (MCLR) and Treasury Bill Linked Lending Rate (TBLR), effective December 10, 2024. The one-year MCLR has been increased to 9.05%, while the overnight, one-month, three-month, and six-month MCLR rates are set at 8.25%, 8.45%, 8.60%, and 8.90%, respectively.
Revised MCLR Rates
| MCLR Tenor | Revised Rate |
|---|---|
| Overnight | 8.25% |
| One Month | 8.45% |
| Three Months | 8.60% |
| Six Months | 8.90% |
| One Year | 9.05% |
Revised TBLR Rates
| Benchmark Tenor | Revised Rate |
|---|---|
| TBLR (3 months) | 6.45% |
| TBLR (6 months) | 6.60% |
| TBLR (12 months) | 6.60% |
Other Benchmark Rates (Unchanged)
| Benchmark | Rate |
|---|---|
| Repo Linked Rate | 9.30% |
| Base Rate | 9.60% |
| BPLR | 14.25% |
Additionally, the TBLR rates for 3-month, 6-month, and 12-month tenures stand at 6.45%, 6.60%, and 6.60%, respectively. The Repo Linked Rate remains at 9.30%, while the Base Rate and Benchmark Prime Lending Rate (BPLR) are unchanged at 9.60% and 14.25%, respectively.
