Bank of India Keeps MCLR Unchanged; Revises Fixed Rate Spread from 1 Sept 2026
Bank of India has retained its MCLR rates unchanged from 1 September 2026. The bank has revised Fixed Rate Spread for different tenors effective the same date.
Bank of India has informed the stock exchanges that its Marginal Cost of Funds based Lending Rate (MCLR) and Repo Based Lending Rate (RBLR) will remain unchanged with effect from 1 September 2026.
Current MCLR Rates (No Change)
|
Tenor |
MCLR |
|---|---|
|
Overnight |
7.85% |
|
1 Month |
8.15% |
|
3 Month |
8.35% |
|
6 Month |
8.65% |
|
1 Year |
8.80% |
|
3 Year |
8.90% |
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Fixed Rate Spread Revised
The bank has revised its Fixed Rate Spread (FRS) with effect from 1 September 2026 as under:
|
Tenor |
Rate of Interest |
|---|---|
|
1 Year |
8.75% + CRP |
|
2 Year |
9.20% + CRP |
|
3 Year |
9.35% + CRP |
|
5 Year |
9.60% + CRP |
|
Above 5 Year |
8.75% + Tenor Premium + CRP |
The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: Official disclosure by Bank of India dated 31 August 2026.
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