Bank of Maharashtra Revises MCLR Rates Effective 31 Aug
PUNE: Bank of Maharashtra has revised its Marginal Cost of Funds Based Lending Rate (MCLR) following a periodic review.
The revised rates are effective from 31 August 2026. All rates are applicable on a per annum basis.
Revised MCLR rates
|
Tenor |
Existing Rate |
Revised Rate |
|---|---|---|
|
Overnight |
7.30% |
7.10% |
|
One Month |
8.30% |
8.15% |
|
Three Months |
8.55% |
8.60% |
|
Six Months |
8.90% |
8.85% |
|
One Year |
9.00% |
9.00% |
The Overnight and One-Month MCLRs have been reduced, while the Three-Month rate has been increased marginally. The Six-Month rate has been lowered and the One-Year MCLR remains unchanged.
The Bank has informed the stock exchanges about the revision under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key changes
• Overnight MCLR: Reduced by 20 basis points to 7.10%
• One-Month MCLR: Reduced by 15 basis points to 8.15%
• Three-Month MCLR: Increased by 5 basis points to 8.60%
• Six-Month MCLR: Reduced by 5 basis points to 8.85%
• One-Year MCLR: Unchanged at 9.00%