Chandigarh/Ludhiana, 13h June 2025: Bank of Baroda (Bank), one of India’s leading public sector banks, has announced a reduction in its Marginal Cost of Funds Based Lending Rate (MCLR), effective June 12, 2025. The revised rates will apply to new as well as existing loans linked to the MCLR benchmark. 432ue
The Bank has reduced MCLR by 5 basis points across tenors from One Month to One Year. The new rates are as follows:
Tenor |
Existing MCLR (%) |
Revised MCLR (%) w.e.f. June 12, 2025 |
Overnight |
8.15 |
8.15 |
One Month |
8.35 |
8.30 |
Three Months |
8.55 |
8.50 |
Six Months |
8.80 |
8.75 |
One Year |
8.95 |
8.90 |
The Bank has also lowered deposit rates in select maturity tenures.
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