Bank of India has increased its Marginal Cost of Fund based Lending Rate (MCLR) starting on 01-01-2025, with the new rates for various tenors now set at 8.25% (Overnight), 8.45% (1 Month), 8.60% (3 Month), 8.85% (6 Month), 9.05% (1 Year), and 9.20% (3 Year).