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Punjab National Bank reduces MCLR and Base Rate

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Capital Market
Last Updated : Sep 30 2021 | 9:04 PM IST

With effect from 01 October 2021

Punjab National Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01 October 2021 as under:

Overnight - 6.60%
One month - 6.65%

Three month - 6.75%
Six month - 6.95%
One year - 7.25%
Three year - 7.55%

The Bank has reduced its base rate from 8.55% to 8.50% with effect from 01 October 2021.

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First Published: Sep 30 2021 | 8:41 PM IST

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