With effect from 01 October 2022
Punjab National Bank has revised Marginal Cost of Funds Based Lending Rate with effect from 01 October 2022 as under:
Overnight - 7.10%
One month - 7.15%
Three month - 7.25%
Six month - 7.45%
One year - 7.75%
Three year - 8.05%
Further, Base Rate has been revised from 8.75% to 8.80% and consequent upon increase in Repo rate by RBI, interest rate under Repo Linked Lending Rate (RLLR) will change to 8.40% from 7.90%, w.e.f. 01 October 2022.
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