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

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ONR accounts are not eligible for additional interest offered to senior citizens.:
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The Minimum tenor for earning the interest on Resident/ONR Fixed Deposit is 7 days.:
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Revised Premature withdrawal penalty structure 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. Deposits opened for a period of 2222 days will be treated as Green Deposits and these deposits will be exclusively used for funding Green loan portfolio.

Interest rates for Resident Term Deposits effective from 22-06-2022


Period Single Deposit Less than ₹200 Lakhs - General Public Single Deposit Less than ₹200 Lakhs - Senior Citizen
7 days to 29 days 2.75% 3.25%
30 days to 45 days 3.25% 3.75%
46 days to 60 days 3.65% 4.15%
61 days to 90 days 3.75% 4.25%
91 days to 119 days 4.00% 4.50%
120 days to 180 days 4.25% 4.75%
181 days to 270 days 4.60% 5.10%
271 days to less than 1 year 4.75% 5.25%
1 year 5.45% 5.95%
Above 1 year to less than 2 years 5.60% 6.10%
2 years to 749 days 5.75% 6.25%
750 days 5.85% 6.35%
751 days to less than 5 years 5.75% 6.25%
5 years to 2221 days 5.75% 6.40%
2222 Days 5.95% 6.60%
2223 days to less than 75 months 5.75% 6.40%
75 months 5.95% 6.60%
Above 75 months 5.75% 6.40%






Effective Annualized Rate of Return

Effective Annualized Rate of Return
Download

Effective Annualized Rate of Return

File name Description
HVD Web Interest 06.07.2022 Interest rates for Resident & NRE Term Deposits of Rs.2 crore and above (260.75) KB
File name Description
HVD NW Web Interest 06.07.2022 Interest rates for Resident Term deposit (Non Withdrawable) of Rs 2 Crore and above (261.04) KB

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