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Indian Overseas Bank has reviewed the MCLR workings as on 08.08.2025 and reduced the MCLR by 10 bps across the tenors. The revised MCLR shall be effective from 15.08.2025. The effective MCLR will be as per details given below until further review.
| S No | Tenors | Existing MCLR (%) w.e.f 15.07.2025 | Change | Revised MCLR (%) w.e.f 15.08.2025 |
|---|---|---|---|---|
| 1 | Overnight MCLR | 8.15 | (-) 10 bps | 8.05 |
| 2 | One -Month MCLR | 8.40 | (-) 10 bps | 8.30 |
| 3 | Three – Month MCLR | 8.55 | (-) 10 bps | 8.45 |
| 4 | Six – Month MCLR | 8.80 | (-) 10 bps | 8.70 |
| 5 | One Year MCLR | 9.00 | (-) 10 bps | 8.90 |
| 6 | Two Year MCLR | 9.00 | (-) 10 bps | 8.90 |
| 7 | Three Year MCLR | 9.05 | (-) 10 bps | 8.95 |
ALCO reviewed the Base Rate workings and decided to reduce Base Rate by 20 bps w.e.f. 15.08.2025. The effective Base Rate will be 9.80% until further review.
Bank of Baroda has also revised the MCLR Rate. Click here to check new MCLR rate of Bank of Baroda.
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