Punjab National Bank (PNB) has announced a revision to its Marginal Cost of Funds Based Lending Rates (MCLR), effective February 1, 2026. The revised rates will remain unchanged across all tenors, from overnight to three years. The existing Repo linked Lending Rate (RLLR) and Base Rate also remain unchanged at 8.10% and 9.50%, respectively.
MCLR Unchanged for February
Punjab National Bank (PNB) has declared that its Marginal Cost of Funds Based Lending Rates (MCLR) will remain unchanged starting February 1, 2026. This decision follows a review of the bank’s interest rate structure.
Revised MCLR Details
The following MCLR rates will be effective from February 1, 2026:
| MCLR Tenor | Existing w.e.f. January 1, 2026 | With effect from February 1, 2026 |
|---|---|---|
| Overnight | 7.95% | 7.95% |
| One Month | 8.20% | 8.20% |
| Three Month | 8.40% | 8.40% |
| Six Month | 8.60% | 8.60% |
| One year | 8.75% | 8.75% |
| Three years | 9.05% | 9.05% |
RLLR and Base Rate
The existing Repo linked Lending Rate (RLLR) remains at 8.10% (including BSP of 0.10%). The Base Rate will also remain unchanged at 9.50%.
Source: BSE
