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Frequency of changing MCLR?
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- Banks publish MCLR for at least five durations which are overnight MCLR, 1 month MCLR, 3 month MCLR, 6 month MCLR and 1 year MCLR. However banks may publish MCLR base rates for more than five periods. The banks may revise the MCLR rate every month.
- SBI recently changed its MCLR rates first time after its implemention i.e. 1st April, 2016.
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