Punjab National Bank reduces MCLR rates

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With effect from 01 January 2017
Punjab National Bank has reduced the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01 January 2017 as under -
Overnight - 8.20%
One month - 8.25%
Three months - 8.35%
Six months - 8.40%
One year - 8.45%
Three years - 8.60%
Five years - 8.75%
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First Published: Jan 02 2017 | 9:04 AM IST