HDFC Bank Revises MCLR Rates; Borrowers May See Higher EMIs

In the latest turn of events, India’s largest private sector bank has announced the increase in its lending rates. As per the latest update, the bank has increased select lending rates by up to 10 basis points. This brings HDFC bank’s Marginal Cost of Funds-Based Lending Rate (MCLR) in a range of 8.05% and 8.65%.

Also, Equated Monthly Instalments (EMIs) are expected to increase for retail and corporate borrowers once their loans are reset. These revised rates became effective on 8 June 2026.

On 10 June 2026, at 3:20 PM, HDFC Bank shares were trading at ₹746.20, up 1.07% on an intraday basis on the National Stock Exchange(NSE).

Revised MCLR Rates

The bank has raised the overnight and three-month MCLR by 5 basis points each to 8.10%. The six-month MCLR has also been increased by 5 basis points and now stands at 8.35%. The sharpest revision was made to the two-year tenure, where the rate was raised by 10 basis points to 8.55%.

Reversal Of Last Month's Rate Cut

The latest increase comes shortly after HDFC Bank reduced several short-term MCLR rates last month. The overnight and one-month rates were lowered from 8.10% to 8.05%. The three-month and six-month rates were also reduced to 8.15% and 8.30%, respectively.

Base Rate And Benchmark PLR

The bank's base rate currently stands at 8.80%, effective from December 26, 2025. The bank's Benchmark Prime Lending Rate (BPLR) remains unchanged at 17.30% from the same date.

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Latest Fixed Deposit Rates

For deposits below ₹3 crore, HDFC Bank offers 6.25% interest on fixed deposits with tenures ranging from one year to less than 15 months. Deposits with maturities between 18 months and three years earn 6.45% interest. Deposits with tenures of more than three years and up to five years offer 6.40%. Senior citizens continue to receive additional interest benefits across eligible deposit tenures.

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