Indian Overseas Bank announces Changes in MCLR, Base Rate; Check New Rates

Asset Liability Management Committee (ALCO) of Indian Overseas Bank has reviewed the Marginal Cost of funds based Lending Rate (MCLR), Treasury Bills Linked Lending Rates (TBLR), Base Rate and Benchmark Prime Lending Rate (BPLR) and decided for revision in MCLR, TBLR across various tenors, Base Rate and BPLR as detailed below:

MCLR

Sl. No.	Tenor	Existing Rate (%)	Revised Rate (%)
1	Overnight	8.05%	7.95%
2	1 month	8.30%	8.25%
3	3 months	8.45%	8.45%
4	6 months	8.70%	8.70%
5	1 Year	8.85%	8.85%

TBLR

Sl. No.	Tenor	Existing Rate (%)	Revised Rate (%)
1	<= 3 months	5.45%	5.50%
2	>3 months &<=6 months	5.55%	5.60%
3	>6 months &<=1 year	5.55%	5.60%
4	>1 year &<= 3 Years	5.55%	5.60%

Base Rate and BPLR

Sl. No	Benchmark	Rate	Revised Rate (%)
1	Base Rate	9.70%	9.60%
2	Benchmark Prime Lending Rate (BPLR)	13.95%	13.85%

The revised MCLR, TBLR, Base Rate and BPLR is effective from 03.10.2025. Policy Repo Rate and RBLR remain unchanged as detailed below:

Other Benchmark Rates

Sl. No	Benchmark	Rate (%)
1	Policy Repo Rate	5.50%
2	Repo Linked Benchmark Lending Rates (RBLR)	8.20%