Tamilnad Mercantile Bank increases MCLR rates by 10 bps

Tamilnad Mercantile Bank announced that the Marginal Cost of Funds Based Lending Rate (MCLR) of the Bank will be revised with effect from 07 July 2026 as detailed below:

Overnight - 7.70%
One month - 7.70%
Three month - 8.40%
Six month - 8.95%
One year - 9.35%