Bank of Maharashtra Revises MCLR Rates

Bank of Maharashtra has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR). The bank has adjusted rates across various tenors, with some rates decreasing and others remaining stable. For instance, the Overnight MCLR has been reduced from 7.30% to 7.10%, and the One Month MCLR from 8.30% to 8.15%. The Three Months MCLR has seen a slight increase from 8.55% to 8.60%, while the Six Months MCLR decreased from 8.90% to 8.85%. The One Year MCLR remains unchanged at 9.00%. These revised rates are effective from August 31, 2026, and are applicable on a per annum basis. This move is in line with regulatory requirements and market conditions.