PNB Maintains MCLR and RLLR Rates Effective May 1, 2026
Punjab National Bank will maintain its Marginal Cost of Funds Based Lending Rates (MCLR) and Repo Linked Lending Rate (RLLR) effective May 1, 2026. All existing MCLR rates across tenors, RLLR at 8.10%, and Base Rate at 9.50% remain unchanged.
The decision to keep interest rates unchanged is a routine operational update and is unlikely to have a significant impact on the bank's financial performance or market position.
The announcement states that interest rates will remain unchanged, indicating no significant positive or negative development for the bank or its customers.
Punjab National Bank (PNB) has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) will remain unchanged effective from May 1, 2026. The existing MCLR rates for various tenors, including Overnight, Three Month, Six Month, One Year, and Three Years, will continue at their current levels.
Specifically, the Overnight MCLR will be 7.95%, Three Month at 8.20%, Six Month at 8.40%, One Year at 8.60%, and Three Years at 8.75%. The MCLR for longer tenors, such as Five Years, will also remain at 9.05%.
Furthermore, the bank has confirmed that its existing Repo Linked Lending Rate (RLLR), including the BSP of 0.10%, will remain at 8.10%. The Base Rate of 9.50% will also be unchanged. The bank has requested that these updates be taken on record.
What to do with a filing like this
Punjab National Bank filed this with the NSE as a statutory disclosure, categorised under interest rates. 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 Punjab National Bank. Read the original for the full detail.