HDFC Bank Limited – Current MCLR Base Rate for Lending

HDFC Bank Limited – Current MCLR Base Rate and Loan Interest Rate

New Delhi (Delhi, India), July 19, 2020

HDFC Bank Limited Cuts One Year MCLR Base Rate to 7.45 Percent Per Annum

The HDFC Bank Limited has reduced its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.20 percent, or 20 basis points (BPS) with effect from Tuesday, July 07, 2020.

HDFC Bank Ltd has revised its One Year MCLR Base Rate or the minimum lending rate from 7.65 percent to 7.45 percent per annum.

HDFC Bank Limited’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.

HDFC Bank Ltd applies the interest rates on all new loans and advances with reference to MCLR based rates from April 01, 2016 onwards.

The Reserve Bank of India (RBI) has asked all banks to set at least five MCLR based benchmark lending rates – Overnight MCLR, One Month MCLR, Three Month MCLR, Six Month MCLR, and One Year MCLR. The loans linked with MCLR will be reset for a maximum of one year tenure.

HDFC Bank Limited’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data

HDFC Bank Ltd’s MCLR Base Rate effective from July 07, 2020 is:

Overnight MCLR: 7.10%
One Month MCLR: 7.15%
Three Month MCLR: 7.20%
Six Month MCLR: 7.30%
One Year MCLR: 7.45%
Two Year MCLR: 7.55%
Three Year MCLR: 7.65%

HDFC Bank Ltd’s MCLR Base Rate effective from June 08, 2020 was:

Overnight MCLR: 7.30%
One Month MCLR: 7.35%
Three Month MCLR: 7.40%
Six Month MCLR: 7.50%
One Year MCLR: 7.65%
Two Year MCLR: 7.75%
Three Year MCLR: 7.85%

HDFC Bank Ltd’s MCLR Base Rate effective from May 08, 2020 was:

Overnight MCLR: 7.35%
One Month MCLR: 7.40%
Three Month MCLR: 7.45%
Six Month MCLR: 7.55%
One Year MCLR: 7.70%
Two Year MCLR: 7.80%
Three Year MCLR: 7.90%

HDFC Bank Ltd’s MCLR Base Rate effective from May 08, 2020 was:

Overnight MCLR: 7.35%
One Month MCLR: 7.40%
Three Month MCLR: 7.45%
Six Month MCLR: 7.55%
One Year MCLR: 7.70%
Two Year MCLR: 7.80%
Three Year MCLR: 7.90%

HDFC Bank Ltd’s MCLR Base Rate effective from April 07, 2020 was:

Overnight MCLR: 7.60%
One Month MCLR: 7.65%
Three Month MCLR: 7.70%
Six Month MCLR: 7.80%
One Year MCLR: 7.95%
Two Year MCLR: 8.05%
Three Year MCLR: 8.15%

HDFC Bank Ltd’s MCLR Base Rate effective from December 09, 2019 was:

Overnight MCLR: 7.80%
One Month MCLR: 7.85%
Three Month MCLR: 7.90%
Six Month MCLR: 8.00%
One Year MCLR: 8.15%
Two Year MCLR: 8.25%
Three Year MCLR: 8.35%

HDFC Bank Ltd’s MCLR Base Rate effective from November 07, 2019 was:

Overnight MCLR: 7.95%
One Month MCLR: 8.00%
Three Month MCLR: 8.05%
Six Month MCLR: 8.10%
One Year MCLR: 8.30%
Two Year MCLR: 8.40%
Three Year MCLR: 8.50%

HDFC Bank Ltd’s MCLR Base Rate effective from October 07, 2019 was:

Overnight MCLR: 7.95%
One Month MCLR: 8.00%
Three Month MCLR: 8.05%
Six Month MCLR: 8.15%
One Year MCLR: 8.35%
Two Year MCLR: 8.45%
Three Year MCLR: 8.60%

HDFC Bank Ltd’s MCLR Base Rate effective from September 07, 2019 was:

Overnight MCLR: 8.05%
One Month MCLR: 8.10%
Three Month MCLR: 8.15%
Six Month MCLR: 8.25%
One Year MCLR: 8.45%
Two Year MCLR: 8.60%
Three Year MCLR: 8.70%

HDFC Bank Ltd’s MCLR Base Rate effective from August 06, 2019 was:

Overnight MCLR: 8.20%
One Month MCLR: 8.20%
Three Month MCLR: 8.30%
Six Month MCLR: 8.40%
One Year MCLR: 8.60%
Two Year MCLR: 8.70%
Three Year MCLR: 8.85%

HDFC Bank Ltd’s MCLR Base Rate effective from July 08, 2019 was:

Overnight MCLR: 8.30%
One Month MCLR: 8.30%
Three Month MCLR: 8.40%
Six Month MCLR: 8.50%
One Year MCLR: 8.70%
Two Year MCLR: 8.80%
Three Year MCLR: 8.95%

HDFC Bank Ltd’s MCLR Base Rate effective from July 06, 2019 was:

Overnight MCLR: 8.20%
One Month MCLR: 8.20%
Three Month MCLR: 8.30%
Six Month MCLR: 8.40%
One Year MCLR: 8.60%
Two Year MCLR: 8.70%
Three Year MCLR: 8.85%

HDFC Bank Ltd’s MCLR Base Rate effective from April 07, 2019 was:

Overnight MCLR: 8.30%
One Month MCLR: 8.30%
Three Month MCLR: 8.40%
Six Month MCLR: 8.50%
One Year MCLR: 8.70%
Two Year MCLR: 8.80%
Three Year MCLR: 8.95%

HDFC Bank Ltd’s MCLR Base Rate effective from March 07, 2019 was:

Overnight MCLR: 8.35%
One Month MCLR: 8.40%
Three Month MCLR: 8.45%
Six Month MCLR: 8.55%
One Year MCLR: 8.75%
Two Year MCLR: 8.85%
Three Year MCLR: 9.00%

HDFC Bank Ltd’s MCLR Base Rate effective from January 07, 2019 was:

Overnight MCLR: 8.35%
One Month MCLR: 8.40%
Three Month MCLR: 8.45%
Six Month MCLR: 8.55%
One Year MCLR: 8.75%
Two Year MCLR: 8.90%
Three Year MCLR: 9.05%

HDFC Bank Ltd’s MCLR Base Rate effective from December 07, 2018 was:

Overnight MCLR: 8.35%
One Month MCLR: 8.40%
Three Month MCLR: 8.45%
Six Month MCLR: 8.55%
One Year MCLR: 8.70%
Two Year MCLR: 8.85%
Three Year MCLR: 9.00%

HDFC Bank Ltd’s MCLR Base Rate effective from November 07, 2018 was:

Overnight MCLR: 8.35%
One Month MCLR: 8.35%
Three Month MCLR: 8.40%
Six Month MCLR: 8.55%
One Year MCLR: 8.70%
Two Year MCLR: 8.85%
Three Year MCLR: 9.00%

HDFC Bank Ltd’s MCLR Base Rate effective from October 08, 2018 was:

Overnight MCLR: 8.30%
One Month MCLR: 8.30%
Three Month MCLR: 8.35%
Six Month MCLR: 8.50%
One Year MCLR: 8.65%
Two Year MCLR: 8.80%
Three Year MCLR: 8.95%

HDFC Bank Ltd’s MCLR Base Rate effective from September 07, 2018 was:

Overnight MCLR: 8.25%
One Month MCLR: 8.25%
Three Month MCLR: 8.30%
Six Month MCLR: 8.45%
One Year MCLR: 8.60%
Two Year MCLR: 8.70%
Three Year MCLR: 8.90%

HDFC Bank Ltd’s MCLR Base Rate effective from June 07, 2018 was:

Overnight MCLR: 8.05%
One Month MCLR: 8.05%
Three Month MCLR: 8.10%
Six Month MCLR: 8.25%
One Year MCLR: 8.40%
Two Year MCLR: 8.55%
Three Year MCLR: 8.70%

HDFC Bank Ltd’s MCLR Base Rate effective from March 07, 2018 was:

Overnight MCLR: 7.95%
One Month MCLR: 7.95%
Three Month MCLR: 8.00%
Six Month MCLR: 8.15%
One Year MCLR: 8.30%
Two Year MCLR: 8.45%
Three Year MCLR: 8.60%

HDFC Bank Ltd’s MCLR Base Rate effective from February 07, 2018 was:

Overnight MCLR: 7.80%
One Month MCLR: 7.80%
Three Month MCLR: 7.85%
Six Month MCLR: 8.00%
One Year MCLR: 8.20%
Two Year MCLR: 8.30%
Three Year MCLR: 8.50%

HDFC Bank Ltd’s MCLR Base Rate effective from November 07, 2017 was:

Overnight MCLR: 7.80%
One Month MCLR: 7.80%
Three Month MCLR: 7.85%
Six Month MCLR: 7.90%
One Year MCLR: 8.10%
Two Year MCLR: 8.20%
Three Year MCLR: 8.40%

HDFC Bank Ltd’s MCLR Base Rate effective from May 07, 2017 was:

Overnight MCLR: 7.85%
One Month MCLR: 7.85%
Three Month MCLR: 7.90%
Six Month MCLR: 7.95%
One Year MCLR: 8.15%
Two Year MCLR: 8.25%
Three Year MCLR: 8.45%

HDFC Bank Ltd’s MCLR Base Rate effective from February 07, 2017 was:

Overnight MCLR: 7.85%
One Month MCLR: 7.85%
Three Month MCLR: 7.90%
Six Month MCLR: 7.95%
One Year MCLR: 8.15%
Two Year MCLR: 8.20%
Three Year MCLR: 8.30%

HDFC Bank Ltd’s MCLR Base Rate effective from January 07, 2017 was:

Overnight MCLR: 7.85%
One Month MCLR: 7.90%
Three Month MCLR: 7.90%
Six Month MCLR: 8.00%
One Year MCLR: 8.15%
Two Year MCLR: 8.20%
Three Year MCLR: 8.30%

HDFC Bank Ltd’s MCLR Base Rate effective from December 07, 2016 was:

Overnight MCLR: 8.65%
One Month MCLR: 8.70%
Three Month MCLR: 8.80%
Six Month MCLR: 8.85%
One Year MCLR: 8.90%
Two Year MCLR: 8.95%
Three Year MCLR: 9.05%

HDFC Bank Ltd’s MCLR Base Rate effective from November 07, 2016 was:

Overnight MCLR: 8.70%
One Month MCLR: 8.75%
Three Month MCLR: 8.80%
Six Month MCLR: 8.85%
One Year MCLR: 8.90%
Two Year MCLR: 9.00%
Three Year MCLR: 9.05%

HDFC Bank Ltd’s MCLR Base Rate effective from October 07, 2016 was:

Overnight MCLR: 8.85%
One Month MCLR: 8.90%
Three Month MCLR: 8.95%
Six Month MCLR: 9.00%
One Year MCLR: 9.05%
Two Year MCLR: 9.15%
Three Year MCLR: 9.20%

HDFC Bank Ltd’s MCLR Base Rate effective from September 07, 2016 was:

Overnight MCLR: 8.85%
One Month MCLR: 8.90%
Three Month MCLR: 9.00%
Six Month MCLR: 9.05%
One Year MCLR: 9.05%
Two Year MCLR: 9.15%
Three Year MCLR: 9.25%

HDFC Bank Ltd’s MCLR Base Rate effective from July 07, 2016 was:

Overnight MCLR: 8.90%
One Month MCLR: 8.95%
Three Month MCLR: 9.00%
Six Month MCLR: 9.05%
One Year MCLR: 9.10%
Two Year MCLR: 9.20%
Three Year MCLR: 9.25%

HDFC Bank Ltd’s MCLR Base Rate effective from June 07, 2016 was:

Overnight MCLR: 8.90%
One Month MCLR: 8.95%
Three Month MCLR: 9.05%
Six Month MCLR: 9.10%
One Year MCLR: 9.15%
Two Year MCLR: 9.20%
Three Year MCLR: 9.30%

HDFC Bank Ltd’s MCLR Base Rate effective from May 07, 2016 was:

Overnight MCLR: 8.90%
One Month MCLR: 9.00%
Three Month MCLR: 9.05%
Six Month MCLR: 9.10%
One Year MCLR: 9.15%
Two Year MCLR: 9.25%
Three Year MCLR: 9.30%

HDFC Bank Ltd’s MCLR Base Rate effective from April 01, 2016 was:

Overnight MCLR: 8.95%
One Month MCLR: 9.05%
Three Month MCLR: 9.10%
Six Month MCLR: 9.15%
One Year MCLR: 9.20%
Two Year MCLR: 9.30%
Three Year MCLR: 9.35%

HDFC Bank Limited Decreases Base Rate to 8.10 Percent Per Annum

The HDFC Bank Limited has also decreased its Base Rate (BR) for old loans by 0.55 percent, or 55 basis points (BPS) with effect from Friday, May 22, 2020.

HDFC Bank Ltd has revised its Base Rate or the minimum lending rate from 8.65 percent to 8.10 percent per annum.

HDFC Bank Limited decides its interest rates on all loans and advances lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.

HDFC Bank Ltd’s Base Rate Historical Data

May 22, 2020 Base Rate: 8.10%

March 13, 2020 Base Rate: 8.65%

November 29, 2019 Base Rate: 8.85%

August 16, 2019 Base Rate: 9.20%

July 08, 2019 Base Rate: 9.30%

January 07, 2019 Base Rate: 9.15%

December 10, 2018 Base Rate: 9.30%

September 12, 2018 Base Rate: 9.15%

June 11, 2018 Base Rate: 8.95%

November 30, 2017 Base Rate: 8.85%

June 30, 2017 Base Rate: 8.90%

March 31, 2017 Base Rate: 9.00%

October 24, 2016 Base Rate: 9.25%

January 04, 2016 Base Rate: 9.30%

September 01, 2015 Base Rate: 9.35%

June 15, 2015 Base Rate: 9.70%

April 13, 2015 Base Rate: 9.85%

November 02, 2013 Base Rate: 10.00%

August 03, 2013 Base Rate: 9.80%

March 30, 2013 Base Rate: 9.60%

December 31, 2012 Base Rate: 9.70%

June 30, 2012 Base Rate: 9.80%

August 13, 2011 Base Rate: 10.00%

July 12, 2011 Base Rate: 9.50%

May 12, 2011 Base Rate: 9.25%

March 14, 2011 Base Rate: 8.70%

February 24, 2011 Base Rate: 8.20%

January 01, 2011 Base Rate: 7.75%

October 05, 2010 Base Rate: 7.50%

July 01, 2010 Base Rate: 7.25%

Current Deposits and Loans Interest Rates of HDFC Bank Ltd

HDFC Bank Ltd – Deposits and Loans Interest Rates