HDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates (MCLR) for select short-term tenures, effective April 7, 2026. The bank has cut MCLR rates by up to 5 basis points, with the new rates now ranging from 8.10% to 8.55%. Specifically, the overnight and one-month MCLR rates have been decreased from 8.15% to 8.10%, while the three-month MCLR has been lowered from 8.25% to 8.20%. Most medium and long-term MCLR rates, including those for six-month, one-year, two-year, and three-year tenures, remain unchanged at 8.35%, 8.35%, 8.45%, and 8.55%, respectively. The MCLR system, introduced by the Reserve Bank of India (RBI) in 2016, sets the minimum interest rate that banks can charge for loans. This adjustment is expected to benefit borrowers with loans linked to MCLR, providing them with lower interest rates on their repayments.