PNB MCLR: 3-Month Lending Rate Raised to 8.50% From Sept 1
Punjab National Bank (PNB) has revised its Marginal Cost of Funds Based Lending Rates (MCLR), with the new rates coming into effect from September 1, 2026.
The bank has increased its 3-month MCLR to 8.50% from 8.45%, while rates for other tenures remain unchanged.
The overnight MCLR stays at 8.00%, while the 1-month MCLR remains at 8.25%. The 6-month MCLR is unchanged at 8.65%, and the 1-year MCLR remains at 8.80%. The 3-year MCLR continues at 9.10%.
PNB also said its Repo Linked Lending Rate (RLLR) remains unchanged at 8.10%, including a Bank Strategic Premium (BSP) of 0.35%. The bank's Base Rate remains at 9.50%.
PNB MCLR Rates From September 1
|
Tenure |
New MCLR |
|---|---|
|
Overnight |
8.00% |
|
1 Month |
8.25% |
|
3 Months |
8.50% |
|
6 Months |
8.65% |
|
1 Year |
8.80% |
|
3 Years |
9.10% |
The revised rates were disclosed by PNB to the stock exchanges on August 31, 2026.