INCOME TAX7 Sept 2026
HDFC Bank cuts MCLR lending benchmarks from today by 5-10 basis points: Check detailed rates | Mint
HDFC Bank has cut its MCLR lending rates by 5 to 10 basis points from 7 September 2026. The revised rates now range between 7.90% and 8.60%. If your home or business loan is linked to MCLR, your interest outgo may ease. Check your loan agreement to see if you benefit, and ask your bank when the change applies.
Key Statutory Highlights
- HDFC Bank lowered its MCLR by 5 to 10 basis points for different tenures, effective 7 September 2026.
- The revised MCLR rates now range from 7.90% to 8.60%, down from 8% to 8.65% in August.
- Four tenures received 10-basis-point cuts, while three tenures got 5-basis-point reductions.
Actionable Advice for Taxpayers / Founders:If you have an MCLR-linked loan, contact your bank to confirm how the cut affects your EMI and when it applies.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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