Punjab National Bank (PNB) has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) will remain unchanged effective from March 1, 2026. All tenors, from Overnight (7.95%) up to Three Years (9.05%), retain their existing rates. Furthermore, the linked Lending Rate (RLLR) and the Base Rate will also stay constant at 8.10% and 9.50%, respectively.
PNB Confirms Stable Lending Rates for March 2026
Punjab National Bank (PNB), through its Share Department, has officially informed the stock exchanges that there will be no revision to its Marginal Cost of Funds Based Lending Rates (MCLR). This decision maintains stability for borrowers relying on PNB’s benchmark rates. The effective date for the unchanged rates is 01.03.2026.
Detailed MCLR Schedule
The official notification confirms that the existing MCLR structure, which was effective from 01.02.2026, will carry forward into the new month. Key rates listed are:
- Overnight: 7.95%
- One Month: 8.20%
- Three Month: 8.40%
- Six Month: 8.60%
- One year: 8.75%
- Three years: 9.05%
Other Benchmark Rates Maintained
In addition to the MCLR, PNB has confirmed that two other critical lending benchmarks will also remain static:
- The Repo Linked Lending Rate (RLLR) will continue at 8.10% (which includes the Base Spread of 0.10%).
- The Base Rate will remain unchanged at 9.50%.
The communication was issued by Bikramjit Shom, Company Secretary, and dated 27.02.2026, ensuring timely information dissemination to the listed entities and the market.
Source: BSE
