HDFC Bank lowers MCLR by up to 5 bps, revises FD rates, offering financial relief and flexibility for borrowers and depositors.

Although most banks offer somewhat similar rates on fixed deposits, a marginal difference of 40-50 basis points can boost ...

HDFC Bank has cut its marginal cost of funds-based lending rate (MCLR) on select tenures by up to 5 basis points (bps). The revised rates are applicable from January 7, 2025 onwards.

After the change, MCLR will now range between 9.15 percent and 9.45 percent. The new rates will come into force from Jan 7, 2025 onwards.

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