Bank of Maharashtra Revises Marginal Cost of Funds Based Lending Rate (MCLR)
Bank of Maharashtra has announced a revision to its Marginal Cost of Funds Based Lending Rate (MCLR), effective March 31, 2026. The changes pertain to the overnight tenor.The overnight MCLR has been reduced to 7.75% from 7.90%. All other tenors remain unchanged.
Here’s a summary of the revised MCLR rates:
| Tenor | Existing Rate | Revised Rate (w.e.f. 31.03.2026) |
|---|---|---|
| Overnight | 7.90% | 7.75% |
| One month | 8.20% | 8.20% |
| Three months | 8.45% | 8.45% |
| Six months | 8.70% | 8.70% |
| One Year | 8.85% | 8.85% |
Source:
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