Bank of Baroda Reduces MCLR by

Bank of Baroda Reduces MCLR by 15 Bps across Tenors

Bank of Baroda has reduced its benchmark lending rate i.e. marginal cost of funds based lending rates [MCLR] across various tenors. The MCLR has been revised downward  across existing levels and tenors w.e.f. 12^th June, 2020.

Appended below is the revised Marginal Cost of Funds Based Lending Rate (MCLR)

MCLR Tenors	Existing	MCLR w.e.f.  12th June,  2020 (%)
Over Night	7.35	7.20
One Month	7.35	7.20
Three Month	7.50	7.35
Six Month	7.65	7.50
One year	7.80	7.65