SBI hikes MCLR by 10 bps with effect from today. Check rates here From May 15, SBI's one-year MCLR has been hiked to 7.20% from the previous 7.10%. MCLR for two years has been raised to 7.40% compared to their previous 7.30%, while for three years the benchmark is increased to 7.50% versus earlier 7.40%.