HDFC Bank, India’s largest private sector bank, has given a special gift to its customers before Diwali by reducing loan interest rates. The bank has lowered its MCLR (Marginal Cost of Funds Based Lending Rate) by 0.15%. Since MCLR directly determines loan interest rates, any reduction in MCLR automatically lowers the rates on home, car, … Read more
HDFC Bank, the country’s largest private bank, has decided to give bonus shares to its investors. The company has fixed 27 August as the record date for this bonus issue. Investors are now wondering whether it is the right time to invest in HDFC Bank shares. The bank has announced that one bonus share will … Read more
HDFC Bank, one of India’s largest private sector banks, has issued an important alert for its customers. The bank’s customer care services will not be available for a few hours due to scheduled system maintenance. This step is being taken to ensure safer and better banking services in the future. Service Downtime Details According to … Read more
HDFC Bank has surprised customers by increasing the minimum balance requirement for savings accounts, similar to ICICI Bank’s recent move. From 1 August 2025, new savings account holders in metro and urban areas will need to maintain Rs 25,000 instead of the earlier Rs 10,000. If the balance falls below this limit, the bank will … Read more
HDFC Bank, the country’s largest private sector bank, has given relief to its crores of customers by reducing loan interest rates. The bank has cut its MCLR (Marginal Cost of Funds Based Lending Rate) by 0.05% for all loan tenures except the 2-year period. Since loan rates like home loans, car loans, and personal loans … Read more
HDFC Bank, the country’s largest private bank, has once again reduced the interest rates on fixed deposits (FDs) and savings accounts. The bank has lowered the rates by 25 basis points (0.25%), and the new rates are effective from June 25, 2025. This is the second time in June that HDFC Bank has made such … Read more
Starting July 1, major private banks like HDFC Bank and ICICI Bank will increase fees on credit cards and other banking services. HDFC Bank notified its customers about new charges, especially on credit card spending related to online gaming, digital wallets, and utility payments. If a customer spends over Rs 10,000 in a month on … Read more
On May 7, 2025, HDFC Bank, the largest private sector bank in India, reduced its MCLR (Marginal Cost of Funds Based Lending Rate) by 0.10% to 0.15%. This reduction will lower the EMI (Equated Monthly Installments) for home, car, and personal loans. Following the RBI’s two cuts in the repo rate, many banks, including HDFC, … Read more
HDFC Bank, India’s largest private sector bank, has surprised its customers by reducing fixed deposit (FD) interest rates. On April 1, 2025, the first day of the new financial year, the bank lowered its FD interest rates by 0.20%. This decision follows the Reserve Bank of India’s (RBI) recent repo rate cut in its last … Read more
HDFC Bank has introduced a special fixed deposit (FD) scheme called the Diplomat or Embassy Scheme. This scheme is designed specifically for a select group of customers, including diplomats, non-diplomatic embassy staff, and employees of foreign embassies in India. Unlike regular FDs, this scheme allows customers to deposit money in US dollars. No Automatic Renewal … Read more
The Reserve Bank of India (RBI) has fined HDFC Bank ₹75 lakh, citing rule violations. According to RBI, the penalty was imposed due to lapses in following Know Your Customer (KYC) guidelines. RBI stated that HDFC Bank failed to classify some customers based on their risk category, such as low, medium, or high. Additionally, the … Read more