Punjab National Bank (PNB) has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) will remain unchanged starting from 1 April 2026. The decision affects various tenors, with the overnight rate remaining at 7.95%, the one-month rate at 8.20%, the three-month rate at 8.40%, and the six-month rate at 8.60%. The one-year MCLR is set at 8.75%, while the three-year rate stands at 9.05%.
In addition to the MCLR, PNB’s Repo Linked Lending Rate (RLLR) will also remain unchanged at 8.10%, which includes a Business Spread (BSP) of 0.10%. The bank’s Base Rate is maintained at 9.50%.
These rates are effective from 1 April 2026, ensuring that customers and stakeholders are aware of the consistent lending environment provided by PNB.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).