PUNJAB AND SIND BANK REVISES MCLR FOR DIFFERENT TENORS

Punjab & Sind Bank has revised the Marginal Cost of funds based Lending Rate (MCLR) for  different tenors with effective from 04.01.2017. The rate for Overnight, One month, Three month and Six month tenor are 8.60% , 8.60%, 8.65% and 8.70% respectively.Further the Rate for One year, Three year and Five year tenor are 8.75%, 8.95% and 9.10% respectively. The Bank reviewed and revised the Base Rate and BPLR from 9.75% and 14.75% to 9.70% and 14.00% respectively effectively from 04.01.2017.