HDFC Bank Announces 4 Major Changes: Key Updates Customers Must Know
HDFC Bank has rolled out several important updates that could directly impact its customers across India. The bank has revised key policies related to loan interest rates, fixed deposit returns, ATM transactions, and safe deposit locker charges. While some changes are already in effect, others will come into force from April 1, 2026. Here is a detailed look at the four major updates customers should be aware of.
1. MCLR Cut Likely to Reduce Loan EMIs
The bank has lowered its marginal cost of funds-based lending rate (MCLR) by 10 basis points, making loans slightly cheaper for borrowers. The revised rates became effective from March 7, 2026.
Following the change:
This revision could benefit borrowers whose loans are linked to the MCLR system. With the reduction in lending rates, eligible customers may see a slight decrease in their EMIs, offering some financial relief.
2. Fixed Deposit Interest Rates Revised
The bank has also updated interest rates on fixed deposits for certain tenures. The change mainly applies to deposits with a maturity period between 3 years 1 day and 4 years 7 months.
Key revisions include:
At present, the bank offers FD interest rates ranging from:
This increase may make fixed deposits slightly more attractive for investors seeking stable and secure returns.
3. ATM Withdrawal Rules to Change from April 1
Another important change relates to ATM transactions. From April 1, 2026, cash withdrawals through UPI at ATMs will be counted within the monthly free transaction limit.
1. MCLR Cut Likely to Reduce Loan EMIs
The bank has lowered its marginal cost of funds-based lending rate (MCLR) by 10 basis points, making loans slightly cheaper for borrowers. The revised rates became effective from March 7, 2026.
Following the change:
- Overnight and one-month MCLR have been reduced from 8.25% to 8.15%
- Three-month MCLR has decreased from 8.30% to 8.25%
- Six-month and one-year MCLR have dropped from 8.40% to 8.35%
- Two-year MCLR has been reduced from 8.50% to 8.45%
- Three-year MCLR has been lowered from 8.60% to 8.55%
This revision could benefit borrowers whose loans are linked to the MCLR system. With the reduction in lending rates, eligible customers may see a slight decrease in their EMIs, offering some financial relief.
2. Fixed Deposit Interest Rates Revised
The bank has also updated interest rates on fixed deposits for certain tenures. The change mainly applies to deposits with a maturity period between 3 years 1 day and 4 years 7 months.
Key revisions include:
- Interest rate increased from 6.40% to 6.50% for general customers
- For senior citizens, the rate has risen from 6.90% to 7%
At present, the bank offers FD interest rates ranging from:
- 2.75% to 6.50% for general customers
- 3.25% to 7% for senior citizens
This increase may make fixed deposits slightly more attractive for investors seeking stable and secure returns.
3. ATM Withdrawal Rules to Change from April 1
Another important change relates to ATM transactions. From April 1, 2026, cash withdrawals through UPI at ATMs will be counted within the monthly free transaction limit.
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