Bank of Baroda announces Marginal Cost of Fund based Lending Rates

Effective from 01 April 2016

Bank of Baroda has moved to Marginal Cost of Fund based Lending Rate (MCLR) and the Bank has decided MCLRs w.e.f. 01 April 2016 as under -

Overnight MCLR - 9.00%
One month MCLR - 9.00%
Three month MCLR - 9.05%
Six month MCLR - 9.10%
1 Year MCLR - 9.30%
3 Year MCLR - 9.35%
5 Year MCLR - 9.65%

The bank has also decided to levy a strategic premium of 0.35% over and above the MCLR as above.

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