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Bank of Baroda has revised MCLR from 12th September 2026. The new MCLR rates are as follows:
| MCLR Tenors | Existing MCLR (in %) | MCLR (in %) w.e.f. 12th September 2026 |
|---|---|---|
| Overnight | 7.85 | 7.85 |
| One Month | 7.95 | 7.95 |
| Three Month | 8.30 | 8.30 |
| Six Month | 8.50 | 8.50 |
| One Year | 8.75 | 8.75 |
What is MCLR?
MCLR stands for Marginal Cost of Funds Based Lending Rate. It is the minimum interest rate at which a bank can generally lend for loans linked to MCLR. It is calculated by the bank based on the cost of raising funds, operating costs and other factors.
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