<?xml version="1.0" encoding="UTF-8" standalone="no"?><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2024-05-31/in-capmkt" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Announcements_Pertaining_To_Outcome_Of_Board_Meeting/2024-05-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-types="https://www.sebi.gov.in/xbrl/2024-05-31/in-capmkt-types" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.w3.org/1999/xlink" xmlns:xlink="http://www.w3.org/1999/xlink"><link:schemaRef xlink:href="in-capmkt-ent-2024-05-31.xsd" xlink:type="simple"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500180</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-07-19</xbrli:startDate><xbrli:endDate>2025-07-19</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500180</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-07-19</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="DividendD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500180</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-07-19</xbrli:startDate><xbrli:endDate>2025-07-19</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="DividendI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500180</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-07-19</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="BonussharesD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500180</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-07-19</xbrli:startDate><xbrli:endDate>2025-07-19</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="BonussharesI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500180</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-07-19</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><xbrli:unit id="INRPerShare"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit><in-capmkt:NSESymbol contextRef="MainI">HDFCBANK</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">HDFC BANK LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:TypeOfAnnouncementOfBoardMeeting contextRef="MainD">New</in-capmkt:TypeOfAnnouncementOfBoardMeeting><in-capmkt:FirstEventOfBoardMeeting contextRef="MainD">Dividend</in-capmkt:FirstEventOfBoardMeeting><in-capmkt:SecondEventOfBoardMeeting contextRef="MainD">Bonus Shares</in-capmkt:SecondEventOfBoardMeeting><in-capmkt:DateOfReport contextRef="MainI">2025-07-19</in-capmkt:DateOfReport><in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange contextRef="DividendI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange><in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2025-07-16</in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2025-07-19</in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">11:00:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">14:00:00</in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfDividend><in-capmkt:WhetherDeclarationOfInterimDividendOrRecommendationOfFinalDividendApprovedByTheBoard contextRef="DividendD">Yes</in-capmkt:WhetherDeclarationOfInterimDividendOrRecommendationOfFinalDividendApprovedByTheBoard><in-capmkt:FirstTypeOfDividend contextRef="DividendD">Interim</in-capmkt:FirstTypeOfDividend><in-capmkt:RateOfInterimDividendRecommendedPerEquityShare contextRef="DividendI">5</in-capmkt:RateOfInterimDividendRecommendedPerEquityShare><in-capmkt:DateOfDeclarationOfInterimDividend contextRef="DividendI">2025-07-19</in-capmkt:DateOfDeclarationOfInterimDividend><in-capmkt:RecordDateOfInterimDividend contextRef="DividendI">2025-07-25</in-capmkt:RecordDateOfInterimDividend><in-capmkt:ProposedDateWithinWhichPaymentOfDividendShallBeMadeByTheCompany contextRef="DividendI">2025-08-11</in-capmkt:ProposedDateWithinWhichPaymentOfDividendShallBeMadeByTheCompany><in-capmkt:PeriodForWhichInterimDividendIsDeclared contextRef="DividendI">For FY 2025-26</in-capmkt:PeriodForWhichInterimDividendIsDeclared><in-capmkt:TypesOfShares contextRef="BonussharesD">Equity</in-capmkt:TypesOfShares><in-capmkt:DateOfBoardMeetingWhereBonusRecommended contextRef="BonussharesI">2025-07-19</in-capmkt:DateOfBoardMeetingWhereBonusRecommended><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesD">11:00:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBonus><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesD">14:00:00</in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBonus><in-capmkt:WhetherPriorIntimationOfBoardMeetingForRecommendingBonusFiledWithTheExchange contextRef="BonussharesI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingForRecommendingBonusFiledWithTheExchange><in-capmkt:DateOfPriorIntimationOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesI">2025-07-16</in-capmkt:DateOfPriorIntimationOfBoardMeetingForAnnouncementOfBonus><in-capmkt:WhetherBonusRecommendedByTheBoard contextRef="BonussharesD">Yes</in-capmkt:WhetherBonusRecommendedByTheBoard><in-capmkt:WhetherAnyRecordDateOrBookClosureDateIntimatedEarlierForBonus contextRef="BonussharesI">false</in-capmkt:WhetherAnyRecordDateOrBookClosureDateIntimatedEarlierForBonus><in-capmkt:WhetherRecordDateOrBookClosureDateIsFixedByTheCompanyForBonus contextRef="BonussharesI">true</in-capmkt:WhetherRecordDateOrBookClosureDateIsFixedByTheCompanyForBonus><in-capmkt:WhetherDateOfAGMOrEGMOrPostalBallotIsFixedByTheCompanyForBonus contextRef="BonussharesI">false</in-capmkt:WhetherDateOfAGMOrEGMOrPostalBallotIsFixedByTheCompanyForBonus><in-capmkt:RecordDateOrBookClosureDateForBonus contextRef="BonussharesD">Record Date</in-capmkt:RecordDateOrBookClosureDateForBonus><in-capmkt:RecordDateOfBonus contextRef="BonussharesI">2025-08-27</in-capmkt:RecordDateOfBonus><in-capmkt:WhetherBonusIsOutOfFreeReservesCreatedOutOfProfitsOrSharePremiumAccount contextRef="BonussharesD">Securities Premium</in-capmkt:WhetherBonusIsOutOfFreeReservesCreatedOutOfProfitsOrSharePremiumAccount><in-capmkt:BonusRatio contextRef="BonussharesI">1:1</in-capmkt:BonusRatio><in-capmkt:FreeReservesAndOrSharePremiumRequiredForImplementingTheBonusIssue contextRef="BonussharesI">Approximately Rs. 766,79,13,646
The above will change pursuant to exercise of stock options/ restricted stock units by the Eligible Employees of the Bank till the Record Date</in-capmkt:FreeReservesAndOrSharePremiumRequiredForImplementingTheBonusIssue><in-capmkt:FreeReservesAndOrSharePremiumRequiredForCapitalizationAndTheDateAsOnWhichSuchBalanceIsAvailable contextRef="BonussharesI">Securities Premium, Rs. 13,63,15,35,97,062 as at June 30, 2025</in-capmkt:FreeReservesAndOrSharePremiumRequiredForCapitalizationAndTheDateAsOnWhichSuchBalanceIsAvailable><in-capmkt:WhetherTheAforesaidFiguresAreAudited contextRef="BonussharesI">false</in-capmkt:WhetherTheAforesaidFiguresAreAudited><in-capmkt:EstimatedDateByWhichSuchBonusSharesWouldBeCreditedOrDispatched contextRef="BonussharesI">2025-09-18</in-capmkt:EstimatedDateByWhichSuchBonusSharesWouldBeCreditedOrDispatched><in-capmkt:PaidUpShareCapitalBeforeAllotment contextRef="BonussharesI" decimals="0" unitRef="INR">7667913646</in-capmkt:PaidUpShareCapitalBeforeAllotment><in-capmkt:NumberOfPaidUpShareBeforeAllotment contextRef="BonussharesI" decimals="INF" unitRef="shares">7667913646</in-capmkt:NumberOfPaidUpShareBeforeAllotment><in-capmkt:ParValueBeforeAllotment contextRef="BonussharesD" decimals="INF" unitRef="INRPerShare">1</in-capmkt:ParValueBeforeAllotment><in-capmkt:PaidUpShareCapitalAfterAllotment contextRef="BonussharesI" decimals="0" unitRef="INR">15335827292</in-capmkt:PaidUpShareCapitalAfterAllotment><in-capmkt:NumberOfPaidUpShareAfterAllotment contextRef="BonussharesI" decimals="INF" unitRef="shares">15335827292</in-capmkt:NumberOfPaidUpShareAfterAllotment><in-capmkt:ParValueAfterAllotment contextRef="BonussharesD" decimals="INF" unitRef="INRPerShare">1</in-capmkt:ParValueAfterAllotment></xbrli:xbrl>