Bank of Baroda has announced a revision to its Marginal Cost of Funds Based Lending Rate (MCLR) structure, effective from the morning of February 12, 2026. The most notable change is a decrease in the Six Month MCLR, which drops from 8.50% to 8.45%, and the One Year MCLR, which is reduced to 8.70% from 8.75%. All other tenors, including Overnight, One Month, and Three Month, remain unchanged from their existing rates.
Bank of Baroda MCLR Revision Notification
Bank of Baroda has officially communicated an update regarding its Marginal Cost of Funds Based Lending Rate (MCLR) structure. This revision is scheduled to take effect from the business day commencing Wednesday, February 12, 2026.
Updated MCLR Structure
The following table details the comparison between the existing MCLR rates and the new rates applicable post-revision:
New MCLR Rates Effective 12th February 2026 (in %)
| MCLR Tenors | Existing MCLR (in %) | MCLR (in %) w.e.f. 12th February 2026 |
|---|---|---|
| Overnight | 7.80 | 7.80 |
| One Month | 7.90 | 7.90 |
| Three Month | 8.15 | 8.15 |
| Six Month | 8.50 | 8.45 |
| One Year | 8.75 | 8.70 |
Key Changes Highlighted
The primary adjustments reflected in the new structure involve a minor reduction in the longer tenor rates. Specifically, the Six Month MCLR has been lowered by 5 basis points (bps), moving to 8.45%. Similarly, the benchmark One Year MCLR has seen a 5 bps reduction, settling at 8.70%. Rates for shorter tenors, including Overnight, One Month, and Three Month, remain static at their current levels.
The company secretary confirmed that this notification serves to inform all relevant parties of the required changes to lending benchmarks pursuant to current regulatory directives.
Source: BSE
