ICICI Bank Marginal Cost of funds based Lending Rate (“MCLR”)

April 29, 2016

ICICI Bank publishes ICICI Bank MCLR (“I-MCLR”) benchmarks effective 1st of every month. I-MCLR benchmarks effective from May 1, 2016 are provided below:


Benchmark tenureBenchmark nameBenchmark rate p.a.
Overnight I-MCLR-ON 9.00%
One month I-MCLR-1M 9.00%
Three months I-MCLR-3M 9.10%
Six months I-MCLR-6M 9.15%
One year I-MCLR-1Y 9.20%


Interest rate on all rupee loans sanctioned and credit limits renewed w.e.f. April 1, 2016 will be priced with reference to I-MCLR benchmarks.

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