Bank of Baroda has announced a revision to its Marginal Cost of Funds Based Lending Rate (MCLR), effective October 12, 2025. The changes affect various tenors, including overnight, one month, three months, six months, and one year. While some rates remain unchanged, others have seen slight adjustments. These revised rates reflect the bank’s ongoing assessment of its funding costs and market conditions.
MCLR Rate Adjustments
Bank of Baroda has adjusted its Marginal Cost of Funds Based Lending Rate (MCLR) across multiple tenors, effective October 12, 2025. The announcement details the existing and revised rates, providing a clear comparison for customers and stakeholders.
Revised MCLR Rates
Here’s a summary of the key changes:
- Overnight: 7.85% (No Change)
- One Month: Revised from 7.95% to 7.90%
- Three Month: 8.20% (No Change)
- Six Month: Revised from 8.65% to 8.60%
- One Year: Revised from 8.80% to 8.75%
These adjustments aim to align the bank’s lending rates with the current economic environment.
Source: BSE