India's biggest private lender HDFC Bank has revised lending rates for specific tenures, effective from Thursday, May 7, according to information available on bank's website.
With the latest revision, MCLR rates of HDFC Bank range from 8.05% to 8.6%, based on the tenure of the loan. Prior to the revision, the MCLR rates reportedly ranged from 8.10% to 8.55%.
Marginal cost of funds-based lending rate (MCLR) is the minimum interest rate a bank must charge for loans, introduced by the RBI in 2016.
Check Latest HDFC Lending Rates
The lender has cut down overnight, one-month, three-month and six-month MCLR rates. Currently, the overnight and one-month MCLRs are at 8.05% from 8.10%, three-month rate has decreased to 8.15% from 8.20%, while the six-month MCLR is 8.30%.
Meanwhile, the one-year and two-year MCLR rates stands at 8.35% and 8.45%, respectively, while the three-year MCLR has increased to 8.60% from 8.55%.
Check HDFC Base Rate
HDFC Bank's base rate is set at 8.80%, effective from December 26, 2025.
Check HDFC Benchmark PLR
Effective December 26, 2025, Benchmark Prime Lending Rate of HDFC Bank was revised to 17.30%.
HDFC Bank May FD Rates
The interest rate for fixed deposits of one year to under 15 months tenure is 6.25%, 18 months to under three years is 6.45% and for three years one day to under five years is 6.40% These FD rates are applicable for deposits under Rs 3 crore. Senior citizens can avail slightly higher interest rates across tenures.
ALSO READ: HDFC Bank Q4 Results: Net Profit Rises 9.1% To Rs 19,221 Crore, Dividend Declared
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
