Bank of Baroda cuts MCLR for various tenors by 0.05%
The bank has approved the revision in MCLR with effect from June 12, 2021. MCLR for one-year tenor stands revised to 7.35%
At BoB, a regular depositor below 60 years of age gets 5.25% interest on FD of 5-10 years. Whereas, senior citizens are being offered 6.25% interest under this special FD scheme.
New Delhi: State-owned Bank of Baroda on Thursday said it has slashed the benchmark one-year marginal cost of funds-based lending rate (MCLR) by 0.05%.
The bank has approved the revision in MCLR with effect from June 12, 2021, the lender said in a regulatory filing.
The MCLR for one-year tenor stands revised to 7.35%.
Among others, the six-month and three-month tenor MCLRs have also been slashed by 0.05% each to 7.20% and 7.10%, respectively.
Bank of Baroda stock closed 3.54% up at Rs 84.75 apiece on BSE.
Published: June 10, 2021, 19:45 IST