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

  • Additional interest rate of 0.50% is available for deposits of senior citizens for all tenors 
  • 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 closure will be applicable for term deposits opened/ renewed from 14.06.2018:

Period of Original Deposit

Principal amount up to ₹15 L

Principal amount above ₹15 L

Up to 45 days



Above 45 days




Interest rates for Resident Term Deposits effective from 17-1-2020

Period Less than Rs.200 Lakhs
7 days to 14 days 3.50%
15 days to 29 days 4.50%
30 days to 60 days 5.00%
61 days to 90 days 5.50%
91 days to 180 days 5.75%
181 days to 270 days 6.25%
271 days to 1 year 6.40%
Above 1 year to less than 20 months 6.50%
20 months 6.60%
Above 20 months 6.50%

Effective Annualized Rate of Return

File name Description
HVD Web Interest 03122019 Interest rates for Resident & NRE Term Deposits of Rs.2 crore and above (383.03) KB
File name Description
HVD-NW webinterest 09012020 Interest rates for Resident Term deposit (Non Withdrawable) of Rs 2 Crore and above (145.05) KB

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