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.


Interest rates for Resident Term Deposits effective from 17-05-2023

Period Single Deposit Less than ₹200 Lakhs - General Public Single Deposit Less than ₹200 Lakhs - Senior Citizen
7 days to 29 days 3.00% 3.50%
30 days to 45 days 3.25% 3.75%
46 days to 60 days 4.00% 4.50%
61 days to 90 days 4.75% 5.25%
91 days to 119 days 4.75% 5.25%
120 days to 180 days 5.00% 5.50%
181 days to 270 days 5.75% 6.25%
271 days to less than 1 year 6.00% 6.50%
1 year to less than 15 months 6.80% 7.30%
15 months to 2 years 7.25% 7.75%
Above 2 years to less than 3 years 6.75% 7.25%
3 years to less than 5 years 6.60% 7.10%
5 years and above 6.60% 7.25%

Effective Annualized Rate of Return

Effective Annualized Rate of Return
File name Description
HVD Web Interest 31.05.2023 Interest rates for Resident & NRE Term Deposits of Rs.2 crore and above (139.31) KB
File name Description
HVD NW Web Interest 30.05.2023 Interest rates for Resident Term deposit (Non Withdrawable) of Rs 2 Crore and above (144.77) KB

Penalty for premature withdrawal of Rupee Term Deposits Opened/Renewed w.e.f 21.10.2022


Revised Premature withdrawal penalty structure for Rupee Term deposits 

Period of Deposit*

Single deposit of less than ₹2 Crore

Single deposit of ₹2 Crore and above

Up to and including 15 days



Above 15 days



* 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.


Premature withdrawal penalty structure for Smart Deposit Scheme

Period of Deposit

Penal Interest

Up to and including 90 days


Above 90 days