Bank of Baroda (BoB) has announced that its Marginal Cost of Lending Rate (MCLR) will remain unchanged across all tenors starting from December 12, 2024. The decision impacts the Overnight, One Month, Three Month, Six Month, and One Year MCLR rates.
Here’s a breakdown of the existing and new MCLR rates:
| MCLR Tenor | Existing MCLR (in %) | MCLR w.e.f. 12th December 2024 (in %) |
|---|---|---|
| Overnight | 8.15 | 8.15 |
| One Month | 8.35 | 8.35 |
| Three Month | 8.55 | 8.55 |
| Six Month | 8.80 | 8.80 |
| One Year | 9.00 | 9.00 |
TOPICS:
Bank of Baroda