Business News Desk, If your account is also in Punjab National Bank (PNB), then this news is of your use. The country’s leading public sector bank PNB (PNB) has given a shock to the customers. The lending rate has been increased by 0.10 percent from the bank. PNB has changed the Marginal Cost of Lending Rates (Bandhan Bank MCLR) for its customers. It has been increased by 10 basis points i.e. 0.10 percent from the side of the bank.
New rates will be applicable from tomorrow
According to the information given on the official website of the bank, the new MCLR rate of PNB will be applicable from March 1, 2023. The increase in MCLR will directly affect your loan taking. The effect of this will be that the EMI of the customers will increase. This change will affect both new and old customers.
these are the new rates
According to the official website of PNB, the bank has increased the overnight MCLR from 7.90% to 8.00%. MCLR has been fixed at 8.10% for one month loan, 8.20% for 3 months and 8.40% for 6 months MCLR. The bank has fixed MCLR 8.50 per cent for one year loan and 8.80 per cent MCLR for three years. Private sector leader Bandhan Bank has also increased the MCLR rate for the customers. According to the official website of Bandhan Bank, the MCLR rate has been increased by up to 16 basis points.