HDFC Bank has lowered its Marginal Cost of Funds-based Lending Rates (MCLR) on select tenures by up to 5 basis points (bps), which will give relief to borrowers whose loans are linked to this regime. A basis point is one-hundredth of a percentage point.
The revised HDFC Bank MCLR rates will be applicable from August 7, 2026, according to the information available on the bank's official website.
Following the revision, HDFC Bank's MCLR rates now range from 8% to 8.65%, depending on the loan tenure.
Latest HDFC Bank MCLR
The bank has trimmed its overnight and 1-month MCLR from 8.05% to 8.00%. The 3-month MCLR has declined from 8.20% to 8.15%, while the 6-month MCLR has fallen from 8.35% to 8.30%.
The 1-year MCLR is down from 8.45% to 8.40%, and the 3-year MCLR has decreased from 8.70% to 8.65%. The 2-year MCLR, however, remains unchanged at 8.55%.
HDFC Bank MCLR rates in August
1 Month: 8.00%
3 Month: 8.15%
6 Month: 8.30%
1 Year: 8.40%
2 Year: 8.55%
3 Year: 8.65%
HDFC Bank MCLR rates in July
Overnight: 8.05%
1 Month: 8.05%
3 Month: 8.20%
6 Month: 8.35%
1 Year: 8.45%
2 Year: 8.55%
3 Year: 8.70%
Comparing HDFC MCLR (August vs July 2026)
| Tenor | July MCLR | August MCLR | Change |
| Overnight | 8.05% | 8.00% | -0.05% |
| 1 Month | 8.05% | 8.00% | -0.05% |
| 3 Month | 8.20% | 8.15% | -0.05% |
| 6 Month | 8.35% | 8.30% | -0.05% |
| 1 Year | 8.45% | 8.40% | -0.05% |
| 2 Year | 8.55% | 8.55% | 0.00% |
| 3 Year | 8.70% | 8.65% | -0.05% |
What is the MCLR?
The MCLR is the minimum interest rate a financial institution needs to charge for a specific loan. It dictates the lower limit of the interest rate for a loan. This rate limit is set in stone for borrowers unless specified otherwise by the RBI. The RBI introduced MCLR in 2016.
HDFC Bank base rate
HDFC Bank has revised its base rate to 8.70%, effective June 24, 2026. Earlier, the bank's base rate stood at 8.80%.
HDFC Bank benchmark PLR
Effective June 24, 2026, HDFC Bank revised its Benchmark Prime Lending Rate (BPLR) to 17.20% per annum. Earlier, the bank's BPLR was 17.30% per annum.
HDFC Bank’s latest FD interest rates
The bank is offering FD interest rates from 2.75% to 6.50% to general customers and from 3.25% to 7% to senior citizens.
| Tenure Bucket | < 3 Crore | |
|---|---|---|
| Interest Rate (per annum) | **Senior Citizen Rates (per annum) | |
| 7 - 14 days | 2.75% | 3.25% |
| 15-29 days | 2.75% | 3.25% |
| 30-45 days | 3.25% | 3.75% |
| 46-60 days | 4.25% | 4.75% |
| 61-89 days | 4.25% | 4.75% |
| 90 days <= 6 months | 4.25% | 4.75% |
| 6 months 1 day <=9 months | 5.50% | 6.00% |
| 9 months 1 day to < 1 Year | 5.75% | 6.25% |
| 1 Year to < 15 months | 6.25% | 6.75% |
| 15 months to < 18 months | 6.35% | 6.85% |
| 18 months to < 21 months | 6.45% | 6.95% |
| 21 months to 2 years | 6.45% | 6.95% |
| 2 Years 1 day to < 2 Year 11 Months | 6.45% | 6.95% |
| 2 Years 11 Months (35 months) | 6.45% | 6.95% |
| 2 Years 11 Months 1 day <= 3 Year | 6.45% | 6.95% |
| 3 Years 1 day to < 4 Years 7 Months | 6.50% | 7.00% |
| 4 Year 7 Months (55 months) | 6.40% | 6.90% |
| 4 Year 7 Months 1 day <=5 Years | 6.40% | 6.90% |
| 5 Years 1 day to 10 Years | 6.15% | 6.65% |
">Tenure
Bucket
<
3 Crore
Interest Rate (per annum)
**Senior Citizen Rates (per
annum)
7 - 14 days
2.75%
3.25%
15-29 days
2.75%
3.25%
30-45 days
3.25%
3.75%
46-60 days
4.25%
4.75%
61-89 days
4.25%
4.75%
90 days <= 6 months
4.25%
4.75%
6 months 1 day <=9
months
5.50%
6.00%
9 months 1 day to
< 1 Year
5.75%
6.25%
1 Year to < 15 months
6.25%
6.75%
15 months to < 18
months
6.35%
6.85%
18 months to < 21
months
6.45%
6.95%
21 months to 2 years
6.45%
6.95%
2 Years 1
day to < 2 Year 11 Months
6.45%
6.95%
2 Years 11 Months (35
months)
6.45%
6.95%
2 Years 11
Months 1 day <= 3 Year
6.45%
6.95%
3 Years 1
day to < 4 Years 7 Months
6.50%
7.00%
4 Year 7 Months (55
months)
6.40%
6.90%
4 Year 7 Months
1 day <=5 Years
6.40%
6.90%
5 Years 1 day to 10 Years
6.15%
6.65%
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