Punjab and Sind Bank Base Rate, Punjab and Sind Bank MCLR Base Rate Past Trend

Current Punjab and Sind Bank MCLR Base Rate

Last Updated 25th Nov 2016
Tenure Base Rate, MCLR
Overnight 9.30%
1 Month 9.35%
3 Month 9.40%
6 Month 9.50%
1 Year 9.55%
3 Year 9.65%
5 Year 9.75%
Current MCLR base rate of Punjab and Sind Bank ranges from 9.30% to 9.75% depending on the reset frequency of the loan. Rates are revised every month.
Apply Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 






I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry
Punjab and Sind Bank Interest Rates
Home Loan Interest Rates 9.55% * Floating
Loan Against Property Rates 11.80% * Floating
Fixed Deposit Interest Rates 4.00% to 7.10% *

Past Trend Base Rate of Punjab and Sind Bank

SBI base rate history
Revised Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year MCLR
2 Year MCLR
3 Year MCLR
5 Year MCLR
05th Oct 16
9.30%
9.35%
9.40%
9.50%
9.55%
-
9.65%
9.75%
04th Jul 16
9.20%
9.30%
9.45%
9.55%
9.60%
-
-
-
01st Apr 16
9.30%
9.50%
9.65%
9.65%
9.65%
-
-
-

Punjab and Sind Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Punjab and Sind Bank decides its own base rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR base rate of any bank
  • Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. Punjab and Sind Bank has different MCLR base rates ranging from 9.30% to 9.75% for different tenures

Changes in MCLR Base rate of Punjab and Sind Bank

  • MCLR rate can be revised by Punjab and Sind Bank every month
  • Note that it is not mandatory for Punjab and Sind Bank to revise its rate every month and it may choose to retain the same rate for a longer period

Punjab and Sind Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Punjab and Sind Bank is benchmarked to its MCLR base rate for a particular tenure, say 1 month or 3 month or 6 months
  • Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration MCLR rate while longer duration loans (such as home loan, loan against property, vehicle loan) are linked to longer duration MCLR rates
  • The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark
  • Your loan from Punjab and Sind Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of Punjab and Sind Bank will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 9.65%. This loan will initially be priced at 10.15%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.4%, the loan will be priced at 9.9% for the next year

Past trend of Punjab and Sind Bank Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
05th Oct 15 9.75% decreased by 0.25%
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
02nd Jun 15 10.00% increased by 1.8%
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
01st Mar 13 10.25%
29th Jan 13: 0.25% repo cut by RBI
01st May 12 10.50% increased by 0.25%
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
01st Aug 11 10.75% increased by 0.25%
26th Jul 11: 0.5% repo hike by RBI
07th Jul 11 10.25% decreased by 0.5%
16th Jun 11: 0.25% repo hike by RBI
05th May 11 10.00% decreased by 0.25%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
01st Feb 11 9.50% decreased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
20th Dec 10 9.00% decreased by 0.5%
02nd Nov 10: 0.25% repo hike by RBI
21st Oct 10 8.45% decreased by 0.55%
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 8.20% decreased by 0.25%

Punjab and Sind Bank Base Rate Vs. RBI Repo Rate Trend

About Punjab and Sind Bank

  • Punjab and Sind Bank is a Public Sector Bank in India with 1,456 branches, 1,268 ATM's and 9,180 employees across the country.
  • Punjab and Sind Bank's registered office is located at "Bank House", 21 Rajendra Place, 1st Floor New Delhi, Delhi-110008 .
  • Punjab and Sind Bank's management is led by its CEO Mr. Jatinder Bir Singh.
  • Highest fixed deposit interest offered by Punjab and Sind Bank is 7.10% per annum on deposits.
  • Its current Base Rate is 9.75%, which was last revised on 05th Oct 15.
News - Dec 2016
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.