Indian Overseas Bank has revised the MCLR with effect from 15 August 2024 as under:
| Tenor | MCLR (%) | Change |
| Overnight | 8.20 | -- |
| One month | 8.45 | +5bps |
| Three month | 8.60 | +5bps |
| Six month | 8.85 | +5bps |
| One year | 9.00 | +5bps |
| Two year | 9.00 | +5bps |
| Three year | 9.15 | +10bps |
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