Bank of India Revises MCLR Effective 01.11.2026
Bank of India has announced a revision in its Marginal Cost of Fund based Lending Rate (MCLR) effective November 1, 2026. The Marginal Cost of Fund based Lending Rate (MCLR) has been revised following the bank's ALCO meeting. While the Overnight, 1 Month, and 6 Month MCLR remain unchanged, the 3 Month MCLR increases from 8.35% to 8.45%, and the 1 Year MCLR increases from 8.90% to 9.00%. The Repo Based Lending Rate (RBLR) remains unchanged. Additionally, changes have been made to the Fixed Rate Spread (FRS) rates.
Key Highlights
- MCLR revised effective November 1, 2026.
- 3 Month and 1 Year MCLR rates have seen an increase.
- Repo Based Lending Rate (RBLR) remains unchanged.
- Fixed Rate Spread (FRS) rates have also been revised.
Price Impact
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