HDFC Bank has raised its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 10 basis points (bps). A basis point is one-hundredth of a percentage point. Revised HDFC Bank MCLR rates will be applicable from June 8, 2026, according to information available on the HDFC Bank's official website.
The Reserve Bank of India (RBI) had maintained the repo rate at 5.25% in its monetary policy meeting on June 5, 2026.
HDFC Bank's MCLR rates now range from 8.05% to 8.65%, depending on the loan tenure. Earlier, HDFC Bank's MCLR rates were in the range of 8.05% to 8.60%.
HDFC Bank lending rates
HDFC Bank has increased its MCLR on most of its loan tenures effective June 8, 2026. The overnight MCLR has been raised by 5 basis points from 8.05% to 8.10%. The 3-month MCLR has increased from 8.15% to 8.20%, while the 6-month MCLR has gone up from 8.30% to 8.35%.
Similarly, the 1-year MCLR, which is commonly used as a benchmark for many retail loans, has been increased by 5 basis points from 8.35% to 8.40%. On a 2-year tenure, MCLR was raised by 10 basis points from 8.45% to 8.55%. The 3-year MCLR has also been increased by 5 basis points from 8.60% to 8.65%.
The only tenure that remained unchanged is the 1-month MCLR, which remains at 8.05%.
HDFC Bank MCLR rates (applicable from June 8, 2026)
Overnight: 8.10%
1 month: 8.05%
3 month: 8.20%
6 month: 8.35%
1 year: 8.40%
2 year: 8.55%
3 year: 8.65%
HDFC MCLR Comparison: June 8 vs May 7, 2026
| Tenor | MCLR (June 8) | MCLR (May 7) | Change (bps) |
| Overnight | 8.10% | 8.05% | 5 |
| 1 Month | 8.05% | 8.05% | No change |
| 3 Month | 8.20% | 8.15% | 5 |
| 6 Month | 8.35% | 8.30% | 5 |
| 1 Year | 8.40% | 8.35% | 5 |
| 2 Year | 8.55% | 8.45% | 10 |
| 3 Year | 8.65% | 8.60% | 5 |
What is MCLR?
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
The current HDFC Bank base rate is 8.80%, effective from December 26, 2025.
HDFC Bank benchmark PLR
Effective December 26, 2025, HDFC Bank's benchmark PLR (BPLR) is 17.30% p.a.
HDFC Bank 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.
| Tenor 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% |
