SynopsisHDFC Bank has increased its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 10 basis points, effective June 8, 2026. The revised rates now range from 8.05% to 8.65% across various loan tenures. This adjustment follows the Reserve Bank of India's decision to maintain the repo rate at 5.25%.ET OnlineHDFC Bank raises lending rates by up to 10 bpsHDFC 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) 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 ratesHDFC 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 tenor, 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 tenor that remained unchanged is the 1-month MCLR, which continues to stand 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 rateThe current HDFC Bank base rate is 8.80%, effective from December 26, 2025. HDFC Bank benchmark PLREffective December 26, 2025, HDFC Bank's benchmark PLR (BPLR) is 17.30% p.a. HDFC Bank latest FD interest ratesThe 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% ...more