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Interest Rates for Resident Term Deposits

We understand your preference for ‘Safety, Liquidity and Return', while choosing your bank. Hence we remain committed to ensure that your deposits with us earn handsome returns too, by way of interest. We are transparent in communicating the rates and charges of our bank on deposits. Please do visit this page often since these rates are subject to periodic revision.

Resident Term Deposits interest rates are also applicable to Resident Cash Certificate, Federal Savings Fund, Federal Tax Savings Deposits and NRO Fixed Deposits

  • ONR accounts are not eligible for additional interest offered to senior citizens.
  • The Minimum tenor for earning the interest on Resident/ONR Fixed Deposit is 7 days.

Penalty for premature withdrawal will be applicable for term deposits opened/ renewed from 01.05.2021

Period of Deposit*

Single deposit of less than ₹2 Crore

Single deposit of ₹2 Crore and above

Up to and including 90 days

0%

1%

Above 90 days

1%

1%

* Period for which the deposit is maintained with the Bank, irrespective of the contracted tenor.

interest-rate-user Portlet

Interest rates for Resident Term Deposits effective from 17-07-2021


Period Single Deposit Less than ₹200 Lakhs - General Public Single Deposit Less than ₹200 Lakhs - Senior Citizen
7 days to 29 days 2.50% 3.00%
30 days to 45 days 2.75% 3.25%
46 days to 90 days 3.00% 3.50%
91 days to 180 days 3.75% 4.25%
181 days to 270 days 4.00% 4.50%
271 days to less than 1 year 4.40% 4.90%
1 year to less than 16 months 5.10% 5.60%
16 Months 5.35% 5.85%
Above 16 months to less than 2 years 5.10% 5.60%
2 years to less than 5 years 5.35% 5.85%
5 years and above 5.60% 6.25%






Effective Annualized Rate of Return for Deposits

Effective Annualized Rate of Return

card-rate-user Portlet

File name Description
HVD Web Interest 20.09.2021 Interest rates for Resident & NRE Term Deposits of Rs.2 crore and above (588.62) KB

card-rate-user Portlet

File name Description
HVD NW Web Interest 20.09.2021 Interest rates for Resident Term deposit (Non Withdrawable) of Rs 2 Crore and above (593.23) KB

Interest rates for Deposit Plus Scheme - Resident Term Deposits without option for Premature Withdrawal

Interest rates for Deposit Plus Scheme - Resident Term Deposits without option for Premature Withdrawal