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Bank of Baroda Revises its Benchmark Lending Rates

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Bank of Baroda, one of the largest Public Sector Lenders, has revised its benchmark lending rates i.e. MCLR across various tenors. The revision will be effective from 7th December 2016 and will be applicable to all new and renewed borrowal accounts.

 

With the above revision, various tenor based MCLRs of the Bank will be as under:

 

 

TENOR EXISTING

MCLR (IN %)

MCLR (IN %)

EFFECTIVE FROM

07TH DECEMBER 2016

Overnight MCLR 9.00 8.80
1 Month MCLR 9.05 8.85
3 Month MCLR 9.15 8.95
6 Month MCLR 9.20 9.00
1 Year MCLR 9.25 9.05
3 Year MCLR 9.25 9.05
5 Year MCLR 9.45 9.25

 

With the revision of MCLR as above, the offered rate of interest on loan product will be lower by 20 BPS across all the tenors.

 

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