Bank of India has announced changes to its lending rates, effective from 1 April 2026. The Marginal Cost of Fund based Lending Rate (MCLR) and Repo Based Lending Rate (RBLR) will remain unchanged. The current MCLR rates are set at 7.70% for overnight, 8.05% for one month, 8.20% for three months, 8.60% for six months, 8.75% for one year, and 8.90% for three years.
However, the Fixed Rate Spread (FRS) has undergone changes. The new rates are 8.75% plus Credit Risk Premium (CRP) for one year, 9.25% plus CRP for two years, 9.35% plus CRP for three years, 9.75% plus CRP for four years, and 8.75% plus Tenor Premium plus CRP for terms above five years.
Additionally, the bank has revised its Base Rate from 10% to 9.50% per annum. This adjustment will be applicable from 1 April 2026 to 30 June 2026.
These changes have been made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).