With effect from 16 January 2020
Punjab & Sind Bank has reviewed the Marginal Cost of Funds based Lending Rates for different tenors and the same will be effective from 16 January 2020.
Overnight - 8.10%
One month - 8.15%
Three month - 8.20%
Six month - 8.35%
One year - 8.45%
Three year - Henceforth, rates of 1 year MCLR will be applicable to advances falling under this category.
Further, the existing Base Rate and BPLR remains unchanged at 9.70% and 14% respectively.
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