Bank of India: MCLR Unchanged, Fixed Rate Spread Revised Effective May 1, 2026
Bank of India's MCLR and RBLR remain unchanged from May 1, 2026. Fixed Rate Spread revised: 1 Year 8.75%+CRP, 2 Years 9.25%+CRP, 3 Years 9.60%+CRP, 5 Years 10.00%+CRP, Above 5 Years 8.75%+Tenor Premium+CRP.
Changes in lending rates are standard operational updates for banks and typically have a low immediate impact unless they represent a significant deviation from market trends or a major policy shift.
The announcement pertains to a routine update on lending rates, with no significant positive or negative financial implications mentioned.
Bank of India has announced that its Marginal Cost of Fund based Lending Rate (MCLR) and Repo Based Lending Rate (RBLR) will remain unchanged effective from May 1, 2026. The current MCLR rates are as follows: Overnight at 7.70%, 1 Month at 8.05%, 3 Months at 8.20%, 6 Months at 8.60%, 1 Year at 8.75%, and 3 Years at 8.90%.
However, the Fixed Rate Spread (FRS) has been revised effective from the same date, May 1, 2026. The new rates for Fixed Rate Spread are: 1 Year at 8.75%+CRP, 2 Years at 9.25%+CRP, 3 Years at 9.60%+CRP, 5 Years at 10.00%+CRP, and Above 5 Years at 8.75%+Tenor Premium+CRP. This information is shared pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
What to do with a filing like this
Bank of India filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of India. Read the original for the full detail.