Resident Term Deposit Interest Rates
We understand your preference for ‘Safety, Liquidity and Return', while choosing your bank. Hence we remain committed to ensure that your Fixed deposits with us earn handsome returns too, by way of interest. We are transparent in communicating the interest rates and charges of our bank on deposits.
Please do visit this page often since these deposit interest 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
Interest rates for Resident Term Deposits effective from 17-04-2025 (Rates in % p.a)
| Period | Single Deposit Less than ₹300 Lakhs - General Public | Single Deposit Less than ₹300 Lakhs - Senior Citizen |
|---|---|---|
| 7 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 days to 90 days | 4.50% | 5.00% |
| 91 days to 180 days | 5.00% | 5.50% |
| 181 days to 270 days | 6.00% | 6.50% |
| 271 days to less than 1 year | 6.50% | 7.00% |
| 1 year | 6.85% | 7.35% |
| Above 1 year to 443 days | 7.00% | 7.50% |
| 444 days | 7.30% | 7.80% |
| 445 days to 5 years | 7.00% | 7.50% |
| Above 5 years to 10 years | 6.50% | 7.00% |
|
Period |
Rates of Interest (Rates in % p.a) |
|
|
General Public |
Senior Citizen* |
|
|
5 years |
7.00% |
7.50% |
|
Above 5 years to 10 years |
6.50% |
7.00% |
|
Above 10 years to 20 years |
6.00% |
6.15% |
Effective Annualized Rate of Return for Resident/NRO Term Deposit [Reinvestment -
Cash Certificate Schemes] - Single deposits of less than ₹300 Lakhs
|
Period |
Rates of Interest (Deposit Less than ₹3 Cr) |
|
|
General Public |
Senior Citizen* |
|
|
1 year |
7.10% |
7.60% |
|
Above 1 year to 443 days |
7.25% |
7.75% |
|
444 days |
7.45% |
7.95% |
|
445 days to 5 years |
7.25% |
7.75% |
* NRO Accounts are not eligible for the benefit of Senior Citizen Rates.
| File name | Description | |
| HVD Web Interest 30.04.2025 | Interest rates for Resident & NRE Term Deposits of Rs.3 crore and above | (186.96) KB |
Effective Annualized Rate of Return for Deposit Plus Reinvestment schemes - single deposits of less than ₹300 Lakhs-Deposit Plus (Resident)
Effective Annualized Rate of Return for Deposit Plus Reinvestment schemes - single deposits of less than ₹300 Lakhs-Deposit Plus (Resident)
| File name | Description | |
| HVD Web Interest 30.04.2025 | Interest rates for Resident & NRE Term Deposits of Rs.3 crore and above | (186.96) KB |
| File name | Description | |
| HVD-NW webinterest 30.04.2025 | Interest rates for Resident & NRE Term deposit (Non Withdrawable) of Rs 3 Crore and above | (145.2) KB |
Penalty for premature withdrawal of Rupee Term Deposits Opened/Renewed w.e.f 21.10.2022
1. Revised Premature withdrawal penalty structure for Rupee Term deposits
|
Period of Deposit* |
Penal Interest |
|
|
Single deposit of less than ₹3 Crores |
Single deposit of ₹3 Crores and above |
|
|
Up to and including 15 days |
0% |
1% |
|
Above 15 days |
1% |
1% |
*Period for which the deposit is maintained with the Bank, irrespective of the contracted tenor
2. Premature withdrawal penalty structure for Smart Deposit Scheme
|
Period of Deposit |
Penal Interest |
|
Up to and including 90 days |
0% |
|
Above 90 days |
1% |
