Punjab National Bank reduces MCLR and Base Rate

With effect from 01 October 2021

Punjab National Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01 October 2021 as under:

Overnight - 6.60%
One month - 6.65%

Three month - 6.75%
Six month - 6.95%
One year - 7.25%
Three year - 7.55%

The Bank has reduced its base rate from 8.55% to 8.50% with effect from 01 October 2021.

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