Punjab National Bank (PNB) has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) and Repo Linked Lending Rate (RLLR) will remain unchanged with effect from August 1, 2026. The existing rates, effective from July 1, 2026, will continue for the upcoming month. This indicates a stable interest rate environment for PNB’s lending products, including overnight to three-year MCLR tenors and the Base Rate of 9.50%.
PNB Interest Rates to Remain Stable
Punjab National Bank (PNB) has informed stakeholders that its Marginal Cost of Funds Based Lending Rates (MCLR) will remain unchanged for the period effective August 1, 2026. The rates, which were last revised and effective from July 1, 2026, will continue without alteration. This decision applies across all MCLR tenors, from Overnight to Three Years.
Key Rate Details
The unchanged MCLR rates are as follows:
- Overnight: 8.00%
- One Month: 8.25%
- Three Month: 8.45%
- Six Month: 8.65%
- One Year: 8.80%
- Three Years: 9.10%
Additionally, the Repo linked Lending Rate (RLLR) remains steady at 8.10% (inclusive of a 0.35% BSP). The Base Rate is also maintained at 9.50%. These stable rates reflect the bank’s current outlook on market conditions and its cost of funds, providing predictability for borrowers.
Stock Exchange Notifications
The bank has formally communicated this decision to the National Stock Exchange of India Limited (Scrip Code: PNB) and the BSE Limited (Scrip Code: 532461). The notification was dated July 31, 2026.
Source: BSE
