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 from April 1, 2026, signaling stability in borrowing costs for retail and corporate customers.
In a regulatory filing dated March 30, 2026, PNB confirmed that all MCLR tenors, along with the RLLR and Base Rate, will continue at their current levels. This move reflects the bank’s cautious approach in a dynamic interest rate environment, offering predictability for borrowers.
Mclr Rates Unchanged
PNB stated that its MCLR across tenors will remain steady: overnight at 7.95%, one month at 8.20%, three months at 8.40%, six months at 8.60%, one year at 8.75%, and three years at 9.05%.
Repo Linked Lending Rate And Base Rate
The RLLR continues at 8.10% (including a 0.10% BSP), while the Base Rate remains at 9.50%. These unchanged benchmarks ensure consistency for customers with loans tied to repo-linked and base rate structures.
Key Highlights
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Overnight MCLR: 7.95%
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One-year MCLR: 8.75%
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Three-year MCLR: 9.05%
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RLLR: 8.10%
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Base Rate: 9.50%
This announcement provides clarity for borrowers and investors, reinforcing PNB’s position as a stable lender in India’s evolving financial landscape.
Source: Punjab National Bank regulatory filing