PNB Revises Select MCLR Rates from September 2026

Date: 31.08.2026

Punjab National Bank has reviewed its Marginal Cost of Funds Based Lending Rates (MCLR) effective from 01.09.2026. The revised rates are as follows:

MCLR Rates Comparison:

Overnight: Unchanged at 8.00% (from 8.00% w.e.f. 01.08.2026)
One Month: Unchanged at 8.25% (from 8.25% w.e.f. 01.08.2026)
Three Month: Increased to 8.50% (from 8.45% w.e.f. 01.08.2026) - 5 basis points increase
Six Month: Unchanged at 8.65% (from 8.65% w.e.f. 01.08.2026)
One Year: Unchanged at 8.80% (from 8.80% w.e.f. 01.08.2026)
Three Years: Unchanged at 9.10% (from 9.10% w.e.f. 01.08.2026)

Other Lending Rates:

Repo Linked Lending Rate (RLLR): Remains unchanged at 8.10% (including Benchmark Prime Lending Rate spread of 0.35%)
Base Rate: Remains unchanged at 9.50%

The announcement was submitted to both National Stock Exchange of India Limited and BSE Limited for regulatory compliance purposes.