MCLR, RLLR and Base Rate Kept Unchanged from 1 October 2026
The bank has reviewed its lending rates and kept them unchanged.
- MCLR Overnight Rate
- 8.00%
- MCLR One Year Rate
- 8.80%
- MCLR Three Year Rate
- 9.10%
- Repo Linked Lending Rate (RLLR)
- 8.10%
- Base Rate
- 9.50%
What was shared
The bank informed BSE and NSE of its periodic review of lending rates. All rates remain unchanged from the levels effective 01.09.2026.
MCLR with effect from 01.10.2026
- Overnight: 8.00%
- One Month: 8.25%
- Three Month: 8.50%
- Six Month: 8.65%
- One Year: 8.80%
- Three Years: 9.10%
Other benchmark rates
- Repo Linked Lending Rate (RLLR): 8.10%, including BSP of 0.35%
- Base Rate: 9.50%
What it means
MCLR is the minimum rate at which a bank lends; many loans are priced at MCLR plus a spread. Keeping it unchanged means borrowers on MCLR-linked loans see no change in their benchmark rate for this cycle, and the bank's lending yields on these loans stay steady.
Also from Punjab National Bank
RLLR revised from 8.10% to 8.35% after RBI repo rate increase
7 Oct 2026
PNB MD discussed FCNRB deposit mobilization, MDR changes from October 15, RBI rate hike expectations, and NII/NIM growth guidance
7 Oct 2026
Punjab National Bank reported strong Q2 business updates with advances growth of around 15% YoY and rising UPI transaction volumes, while MD and CEO Ashok Chandra discussed deposit growth, FCNR mobilization and the…
7 Oct 2026
More numbers
- MCLR Overnight w.e.f. 01.10.20268.00%
- MCLR One Month8.25%
- MCLR Three Month8.50%
- MCLR Six Month8.65%
- MCLR One Year8.80%
- MCLR Three Years9.10%
- Repo Linked Lending Rate8.10%
- BSP included in RLLR0.35%
- Base Rate9.50%
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.