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HDFC Bank, Bank Of Baroda Increase Lending And Deposit Rates

Olga Robert

Leading private lender HDFC Bank Ltd and state-owned Bank of Baroda have raised their lending and deposit rates early in the month of November. If you were looking to take a loan or make a fixed deposit, you can check the latest rates of all the viable banks and make an informed decision.

HDFC Bank's raised the interest rates on deposits less than Rs 1 crore by up to 50 basis points, effective from Tuesday. The lender's revised MCLR (Marginal Cost of Funds based Lending Rates) are applicable from today.

HDFC Bank MCLR rates with effect from 7 November 2018:

Tenure MCLR in %
Overnight 8.35
1 month 8.35
3 month 8.40
6 month 8.55
1 year 8.70
2 years 8.85
3 years 9.00

Base rate applicable: 9.15 percent
BPLR (Benchmark Prime Lending Rate): 17.65 percent

HDFC Bank domestic, NRO, NRE deposit (less than Rs 1 crore) interest rates with effect from 6 November 2018:

Tenure Interest rate Senior citizen interest rate
7 - 14 days 3.50% 4.00%
15 - 29 days 4.25% 4.75%
30 - 45 days 5.75% 6.25%
46 - 60 days 6.25% 6.75%
61 - 90 days 6.25% 6.75%
91 days - 6 months 6.25% 6.75%
6 mnths 1 day- 6 mnths 3 days 6.75% 7.25%
6 mnths 4 days 6.75% 7.25%
6 mnths 5 days- 9 mnths 6.75% 7.25%
9 mnths 1 day- 9 mnths 3 days 7.10% 7.60%
9 mnths 4 days 7.10% 7.60%
9 months 5 days - 9 months 15 days 7.10% 7.60%
9 months 16 days 7.10% 7.60%
9 months 17 days < 1 Year 7.10% 7.60%
1 Year 7.30% 7.80%
1 year 1 day - 1 year 3 days 7.30% 7.80%
1 year 4 days 7.30% 7.80%
1 year 5 days - 1 Year 15 Days 7.30% 7.80%
1 Year 16 days 7.30% 7.80%
1 year 17 days - 2 Years 7.30% 7.80%
2 years 1day - 2 Years 15 days 7.40% 7.90%
2 Years 16 days 7.40% 7.90%
2 years 17 days - 3 Years 7.40% 7.90%
3 years 1day - 5 years 7.25% 7.75%
5 Years 1 Day - 8 Years 6.50% 7.00%
8 Years 1 Day - 10 Years 6.50% 7.00%

Bank of Baroda MCLR (lending) rates with effect from 7 November 2018:

Tenure MCLR in %
Overnight MCLR 8.15
1 Month MCLR 8.2
3 Month MCLR 8.3
6 Month MCLR 8.5
1 year MCLR 8.65

Base rate applicable: 9.30 percent with effect from 1 November 2018
BPLR (Benchmark Prime Lending Rate): 13.60 percent with effect from 1 November 2018

Bank of Baroda domestic and NRO term (fixed) deposit (less than Rs 1 crore) interest rates with effect from 1 November 2018:

Tenure Interest rate (%)
7 days to 14 days 4.5
15 days to 45 days 4.75
46 days to 90 days 5
91 days to 180 days 5.75
181 days to 270 days 6.5
271 days & above and less than 1 year 6.5
1 year 6.7
Above 1 year to 400 days 6.85
Above 400 days and upto 2 Years 6.8
Above 2 Years and upto 3 Years 6.7
Above 3 Years and upto 5 Years 6.7
Above 5 Years and upto 10 Years 6.7

All seniors will receive 0.50 percent additional interest on their domestic term deposits under Rs 1 crore for any tenure mentioned above.

Source: Respective official websites of the banks

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