Benchmark rate update: TBLR, G-Sec linked and Repo Linked rates revised; MCLR, Base Rate and BPLR unchanged

UCO Bank's ALCO has revised some benchmark rates w.e.f. 08.10.2026.

Thu 8 Oct 2026

TBLR 12-month rate revised

5.70% → 5.95%

Repo Linked Rate – UCO Float revised

8.05% → 8.30%

Rates left unchanged

MCLR rates, Base Rate 9.60% and BPLR 14.25% remain unchanged

What the bank has communicated

The Bank's Asset Liability Management Committee (ALCO) reviewed the benchmark rates and decided on a revision. Some rates were raised, while others were left unchanged.

The revised benchmarks (effective 08.10.2026)

• TBLR (3 month): 5.25% to 5.30%
• TBLR (6 month): 5.55% to 5.70%
• TBLR (12 month): 5.70% to 5.95%
• UCO G-Sec Rate (1 year): 5.88% to 6.26%
• 10-year G-Sec Rate YTM % p.a. (Annualized) Par yield: 7.09% to 7.32%
• Repo Linked Rate – UCO Float: 8.05% to 8.30%
• Repo Linked Rate – UCO Prime: 5.25% to 5.50%

What stays unchanged

The MCLR rates have not been changed. These are Overnight 7.90%, One month 8.20%, Three month 8.45%, Six month 8.70% and One year 8.80%.

The Base Rate stays at 9.60% and the BPLR stays at 14.25%.

Why benchmark rates matter

Benchmark rates are the reference rates on which many loans are priced. When a benchmark goes up, a loan linked to it is repriced at the higher rate, which means the interest charged on that loan goes up.

In this case, the revision applies to the TBLR linked rates, the G-Sec linked rates and the Repo Linked Rate. Loans linked to MCLR, Base Rate or BPLR are not affected by this change, since those rates have not been revised.

Effective date

The revised TBLR linked rates, G-Sec linked rates and Repo Linked Rate are effective from 08.10.2026.

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