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BSE-NSE-web Portlet

DEPOSIT-RATE-DESCRIPTION

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 Rs. 15 L

Principal amount above Rs. 15 L

Up to 45 days

0%

1%

Above 45 days

1%

1%

 

interest-rate-user Portlet

Interest rates for Resident Term Deposits effective from 17-07-2020


Period Less than Rs.200 Lakhs
7 days to 14 days 2.75%
15 days to 29 days 3.00%
30 days to 45 days 3.25%
46 days to 60 days 3.50%
61 days to 90 days 3.75%
91 days to 180 days 3.90%
181 days to 270 days 4.00%
271 days to less than 1 year 4.75%
1 year to 2 years 5.45%
Above 2 years to less than 30 months 5.50%
30 months and above 5.60%






Effective Annualized Rate of Return

Effective Annualized Rate of Return

card-rate-user Portlet

File name Description
HVD Web Interest 23072020 Interest rates for Resident & NRE Term Deposits of Rs.2 crore and above (146.07) KB

card-rate-user Portlet

File name Description
HVD-NW webinterest 23072020 Interest rates for Resident Term deposit (Non Withdrawable) of Rs 2 Crore and above (144.87) 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