HDFC Bank increased 3-month MCLR by 5 bps to 9.30% on September 7, 2024, affecting loan EMIs.

HDFC Bank, India's largest private bank, has adjusted its Marginal Cost of Lending Rate (MCLR) as of September 7, 2024, increasing the 3-month MCLR by 5 basis points to 9.30%. Other rates, including overnight (9.10%) and 1-month (9.15%), remain unchanged, with MCLR rates ranging from 9.10% to 9.45%. This change could affect loan EMIs, as MCLR influences interest calculations for various loans.

September 07, 2024
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