HDFC Bank raise interest rates on credit cards

HDFC Bank now start charging 3.25% interest rate on credit cards from 1st october. Currently hdfc bank charge 3.05% and 3.15% interest rate.

HDFC bank has reduced its monthly sourcing of new customers from a peak of Rs.100,000 to Rs.65,000-70,000.

HDFC Bank is the leading credit card issuer of the country. Current Base of customers are 5.94 million credit cards as per June -July Report.