Canara Bank Reduces MCLR Rates Across All Tenors w.e.f 12.11.2025

Canara Bank, one of India's leading public sector banks, has announced a reduction in its Marginal Cost of Funds Based Lending Rate (MCLR) effective from 12th November 2025. The new MCLR rates for various tenors are as follows: Overnight MCLR from 7.95% to 7.90%, One Month MCLR from 8.00% to 7.95%, Three Month MCLR from 8.20% to 8.15%, Six Month MCLR from 8.55% to 8.50%, One Year MCLR from 8.75% to 8.70%, Two Year MCLR from 8.90% to 8.85%, and Three Year MCLR from 8.95% to 8.90%. This reduction in MCLR rates is expected to benefit the bank's customers by lowering their interest costs on various loans linked to the MCLR.