Punjab National Bank revises MCLR rates and Base Rate

With effect from 01 September 2017

Punjab National Bank has reduced Marginal Cost of Funds Based Lending Rates by 20-25 bps with effect from 01 September 2017 as under -

Ovenight - 7.75%
One month - 7.90%
Three month - 8%
Six month - 8.10%
One year - 8.15%
Three year - 8.30%
Five year - 8.45%

The Bank has reduced the Base Rate by 20 bps from 9.35% to 9.15% with effect from 01 September 2017.

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