<h1>Indian Overseas Bank Revises Marginal Cost of Funds Based Lending Rate (MCLR) Effective August 15, 2026</h1>
Indian Overseas Bank (IOB) has announced revisions to its Marginal Cost of Funds based Lending Rate (MCLR), effective from August 15, 2026. The changes affect various tenors, with most rates seeing a marginal increase.
The bank confirmed that the Overnight MCLR and One-Month MCLR will remain unchanged. Meanwhile, for several longer-term facilities, IOB has implemented rate adjustments across different tenors.
According to the revised lending structure:
- Overnight MCLR: The rate remains at 7.90%.
- One-Month MCLR: This rate is set at 8.25%.
- Three-Month, Six-Month, One-Year, Two-Year, and Three-Year MCLRs have been revised upwards, reflecting an increase of 5 basis points (bps) for these tenors.
The updated rates are detailed below:
| Tenor | Existing MCLR (%) | Change | Revised MCLR (%) w.e.f 15.08.2026 |
|---|---|---|---|
| Overnight | No Change | N/A | 7.90 |
| One-Month | No Change | N/A | 8.25 |
| Three-Month | 8.40 | (+) 5 bps | 8.45 |
| Six-Month | 8.65 | (+) 5 bps | 8.70 |
| One-Year | 8.80 | (+) 5 bps | 8.85 |
| Two-Year | 8.80 | (+) 5 bps | 8.85 |
| Three-Year | 8.85 | (+) 5 bps | 8.90 |
IOB Stock Price Movement
Shares of Indian Overseas Bank slipped by 0.41% in post-market trading today, settling at ₹33.73. The stock saw a traded volume of 1,557,352 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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