Punjab National Bank hikes MCLRs by 5 bps across tenor

Punjab National Bank has increased Marginal Cost of Funds Based Lending Rates (MCLR) by 5 bps across tenors with effect from 1 August 2024.

Overnight - 8.30%
One month - 8.35%
Three month - 8.55%
Six month - 8.75%
One year - 8.90%
Three year - 9.20%