Bank of Baroda Implements Broad-Based MCLR Cut

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Chandigarh/Ludhiana: Bank of Baroda (Bank), one of India’s leading public sector banks, has announced a reduction in its Marginal Cost of Funds Based Lending Rate (MCLR), effective June 12, 2025. The revised rates will apply to new as well as existing loans linked to the MCLR benchmark.

The Bank has reduced MCLR by 5 basis points across tenors from One Month to One Year. The new rates are as follows:

The Bank has also lowered deposit rates in select maturity tenures.