Banking & Finance

Bank of Baroda Implements Broad-Based MCLR Cut

Bank of Baroda announced a reduction in its MCLR, effective June 12, 2025. The revised rates apply to both new and existing loans, offering relief to borrowers.

SMEStreet Edit Desk

13 Jun 2025 09:39 IST

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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:

Tenor	Existing MCLR (%)	Revised MCLR (%) w.e.f. June 12, 2025
Overnight	8.15	8.15
One Month	8.35	8.30
Three Months	8.55	8.50
Six Months	8.80	8.75
One Year	8.95	8.90

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

Banking Bank of Baroda