|HSBC Bank Fixed Deposit Interest Rates|
|Minimum Deposit Amount||Rs. 10,000|
|Tenure||7 days to 5 years and above|
HSBC Bank Fixed Deposit Interest Rates are between 2.25% to 4.00% for regular customers. You can deposit up to any amount. If you reside in India or abroad, you can open an FD account. Even minors get the opportunity to open an FD. Different rates apply on the FD depending on the scheme type, age of the depositor, the deposit amount, and tenure of the term deposit. The rates are ever-changing as per the regulations of the bank.In this post, we will discuss features of HSBC Bank Fixed Deposit Interest Rate, detailed rates as per tenures and age of the account holder, and frequently asked questions.
Here are the details:
Here are the rates corresponding to the FD tenures:
|SimplyCLICK Advantage SBI Card||Details||Details|
|9 days to 14 days||2.25||2.75|
|15 days to 29 days||2.50||3|
|30 days to 59 days||2.75||3.25|
|60 days to 89 days||2.80||3.30|
|90 days to 93 days||3||3.50|
|95 days to 179 days||3||3.50|
|181 days to 269 days||3||3.50|
|270 days to 364 days||3.10||3.60|
|366 days to 399 days||3.10||3.60|
|401 days to less than 18 months||3.25||3.75|
|18 months to 599 days||3.30||3.80|
|601 days to 699 days||3.30||3.80|
|701 days to 730 days||3.50||4|
|732 days to less than 36 months||3.60||4.10|
|36 months to less than 37 months||4||4.50|
|37 months to less than 48 months||4||4.50|
|48 months to 60 months||4||4.50|
Here is the information:
|Tenure||Rs. 10,000 – Rs.19,999,999 Interest Rate (% p.a.)|
|365 Days - 60 Months||M-100|
Here is the HSBC Bank Fixed Deposit Interest Rate FAQs:
The minimum deposit amount is Rs. 10,000. You will earn an attractive interest rate on the account. The minimum tenure is 7 days, and special rates are offered for specific FD tenures. There are several types of FD schemes at this bank. You can even opt for premature withdrawal, applicable to certain terms and conditions.
The interest rate is higher for senior citizens on fixed deposits than for regular customers. The standard rate is between 2.25% and 4.40%. For senior citizens, the same is between 2.75% and 4.50%.
You can get up to 90% finance on the existing fixed deposit with the bank. The interest rate applicable is between 3.25% and 5.00%. The maximum tenure of the FD is the same for the loan period as well.
Resident Indians, NRIs, and Minors can open an FD account with this bank. Proof of address, date of birth, and residence are mandatory for submission, apart from other required documents. You can visit the nearest branch to open a fixed deposit account. Or, you can even apply for the same from the official portal of the bank.
If you earn interest above Rs. 40,000 as a regular customer and Rs. 50,000 as a senior citizen in a financial year, then the TDS applicable is 10%. But, in 2021 COVID time, the TDS rate was reduced to 7.5% from May 2020 to March 2021.