PNB Increases MCLR Rates by 10 bps

Date: 31 October 2026

Interest Rate Review

Punjab National Bank announced revisions to its Marginal Cost of Funds Based Lending Rates (MCLR) effective from 1 November 2026. All MCLR tenors were increased by 10 basis points compared to previous rates effective from 1 October 2026.

MCLR Rate Changes

| MCLR Tenor | Existing Rate (w.e.f. 01.10.2026) | New Rate (w.e.f. 01.11.2026) | Change (bps) |

| Overnight | 8.00% | 8.10% | +10 |

| One Month | 8.25% | 8.35% | +10 |

| Three Month | 8.50% | 8.60% | +10 |

| Six Month | 8.65% | 8.75% | +10 |

| One year | 8.80% | 8.90% | +10 |

| Three years | 9.10% | 9.20% | +10 |

Other Rate Information

The bank's Repo Linked Lending Rate (RLLR) remains unchanged at 8.35% (including Benchmark Prime Lending Rate spread of 0.35%).

The Base Rate also remains unchanged at 9.50%.