Corporate News     13-Oct-23
Punjab & Sind Bank revises MCLRs across tenors
with effect from 16 October 2023
Punjab & Sind Bank has reviewed the Marginal Cost of Fund Based Lending Rate (MCLR) for different tenors and the same will be effective from 16 October 2023.

1. Overnight MCLR - 7.90%
2. One month MCLR - 8.15%
3. Three month MCLR - 8.35%
4. Six month MCLR - 8.70%
5. One Year MCLR - 8.90%

Further, the ALCO has also resolved to keep the existing rate of Base Rate unchanged at 9.70% and BPLR at 14.00%.

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