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    Bankbazaar HSBC Fixed Deposit Rates

    HSBC Fixed Deposit Rates

     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 4 Years
    3.15% - 7% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 3 Years
    5% - 6.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    HSBC Fixed Deposit Rates is Rated as "Excellent!" by 5 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    How to Select the Best Interest Rates for HSBC Fixed Deposits

    HSBC is a part of the multinational entity known as the Hong Kong and Shanghai Banking Corporation. The bank’s association with India can be traced all the way back to the year 1853 and the establishment of the Mercantile Bank of India. Through the decades that the bank has operated in India, it has always persevered to provide customers with the best services possible. This perseverance shows in the fact that it has many branches all over India which offer customers a wealth of services like fixed deposits, loans, credit cards, etc.

    HSBC Short-Term Fixed Deposits

    Short term fixed deposits can be deposits that are held with the bank for a period of 30 days to 9 months. The interest rate offered for the shortest period, 30 days, is 3.5% per annum while the interest rate for deposits made for 60 days is 4.4% per annum. The interest rate offered for the next deposit period of 90 days is 5%.

    HSBC Medium and Long Term Fixed Deposits

    Medium term deposits, or those made for durations ranging from 1 year to 4 years, enjoy interest rates of 5% per annum for the period of 365 days and less than 18 months. The interest rate for 18 months to 730 days is 6.5%.

    HSBC Senior Citizen FD Rates

    The bank offers senior citizens an interest rate that is 0.5% higher than the rates offered to regular customers. This means that senior citizens can enjoy an interest rate of up to 3.65% per annum for short, 30 day deposits and 4% per annum for deposits made for 3 years.

    The highest interest rate available to customers of HSBC is 5% per annum for deposits of 90 days made by senior citizens. Even if depositors are not senior citizens, the best interest rates offered are still for the 90 day deposits at 5% per annum. The maximum interest that can be enjoyed on a medium or long term deposit is 7% on deposits made for 18 months to 730 days. The interest is compounded every quarter and the interest rates are subject to change at any moment.

    Tabular Representation of HSBC FD Interest Rates

    Amount Interest Rate (% p.a.) Senior Citizen's* Interest Rate (% p.a.)
    7 Days 3.15 3.65
    8 to 14 Days 3.15 3.65
    15 to 29 Days 3.15 3.65
    30 to 59 Days 3.5 4
    60 to 89 Days 4.4 4.9
    90 to 93 Days 5 5.5
    94 Days 6 6.5
    95 to 179 Days 5 5.5
    180 Days 5 5.5
    181 to 269 Days 5 5.5
    270 to 364 Days 5 5.5
    365 Days 5 5.5
    366 to 399 Days 5 5.5
    400 Days 6.25 6.75
    401 Days to less than 18 months 5 5.5
    18 months to 730 days 6.5 7
    731 Days 5 5.5
    732 Days to less than 36 months 5 5.5
    36 months to less than 37 months 5 5.5
    37 months to less than 48 months 5 5.5

    News About HSBC Fixed Deposit Rates

    • Rate Revisions for HSBC Bank

      One of the most consistent banks in reducing its base rates during the RBI repo rate cut, HSBC has again revised its interest rates. With effect from April 12, 2016, rates of interest for domestic deposits under Rs 1 crore have been changed.

      A rate of 6.50% per annum is applicable for the term 90 to 93 days. For the tenor of 731 days, HSBC Bank offers 7% per annum as its fixed rate of interest.

      26th April 2016

    • HSBC Fixed Deposit Rates

      One of the world’s largest banking and financial services organizations, HSBC offers a number of products and services such as bank accounts, fixed deposits, loans, and cards (debit and credit). Term deposits offered by HSBC are available at competitive interest rates.

      Acting on the recent directive issued by the Reserve Bank of India about repo rates, HSBC has revised its rates of interest on resident and NRO term deposits for regular and senior citizens deposits below Rs 1 crore. Deposits having tenure of 7 days and 8 to 14 days have interest rate of 3.75% (regular deposit) and 4.25% (senior citizens deposits) respectively. These revised rates of interest are applicable from March 16, 2016.

      18th March 2016

    • Fixed Deposit Rates of HSBC

      The rates for term deposits across banks in India have seen deductions post the repo rate cut by the Reserve Bank of India. While loans have also seen a sizable reduction, reductions in fixed deposit rates are not much of a good news. HSBC has changed its rates on fixed deposit for only a few of its deposit tenures for amounts from INR 10,000 to INR 10 crore, for regular deposits and senior citizens deposits.

      The revised interest rates for HSBC fixed deposits for the terms 94 days; 95 days to 179 days; 180 days; 181 days to 269 days; and 270 to 364 days are 5.40% (for regular deposits) and 5.90% (for senior citizens deposits). The interest rate applicable for deposit tenures of 365 days; 366 to 399 days are 5.25% and 5.75%; and 6% and 6.50% for regular and senior citizens deposits respectively.

      5.40% (regular deposits) and 5.90% (senior citizens deposits) rates of interest are applicable for terms deposits with tenures 400 days, 401 days to less than 18 months, and 18 months to 730 days. Deposits having 731 days as tenure are charged at 7.25% and 7.75% for regular deposits and senior citizens deposits respectively. For the tenures 732 days to less than 36 months; 36 months to less than 37 months; and 37 months to less than 48 months the interest rates for regular and senior citizens deposits are 5.40% & 5.90%, and 6% and 6.50% respectively.

      31st December, 2015

    • Rate Changes for HSBC Bank Fixed Deposits

      There have been further reductions in the fixed deposit rates from HSBC Bank considering specific deposit tenures. With the most recent change done about a couple of days ago, another slash has followed post the repo rate cut done by the Reserve Bank of India. While loans have also seen a reducing in the interest rates, fixed deposit rates have probably been affected more and not in a necessarily good way.

      As of November 2015, HSBC Bank has been offering one of the lowest applicable rates in the short term range, i.e. at 3.3% per annum. There are subsequent marginal increases on top of this rate and the next higher rates are at 4% per annum, 4.3% per annum and 5.75% per annum. A rate reduction has been done to the slab of 90 days to 93 days deposit period and the current interest rate offered therein is 6.75% per annum as opposed to the earlier 7%. Post 93 days, all other term slabs have interest rates capped at 6.25% per annum. Tenures from 731 days to less than 36 months have an interest rate of 6.5% per annum. That interest rate also holds true for the tenure of 37 months to less than 48 months. The maximum available interest rate with HSBC Bank fixed deposits is 7.5% per annum and is applicable for the deposit tenure of 36 months to less than 37 months. For senior citizens, the rates of interest are upped over and above the normal rates by 0.5% per annum.

      6th November, 2015

    • Fixed Deposit Rates for HSBC Bank

      HSBC Bank has been the most consistent in reducing the interest rates on its deposits post the repo rate cut done by the Reserve Bank of India. While loans have also seen a reducing in the interest rates, fixed deposit rates have probably been affected more and not in a necessarily good way.

      As of November 2015, HSBC Bank has been offering one of the lowest applicable rates in the short term range, i.e. at 3.3% per annum. There are subsequent marginal increases on top of this rate and the next higher rates are at 4% per annum, 4.3% per annum and 5.75% per annum. A rate reduction has been done to the slab of 90 days to 93 days deposit period and the current interest rate offered therein is 7% per annum. Post 93 days, all other term slabs have interest rates capped at 6.25% per annum. For senior citizens, the rates of interest are upped over and above the normal rates by 0.5% per annum.

      3rd November, 2015

    • Changes in Fixed Deposit Rates for HSBC

      While loans of every kind and credit cards have encountered slashes in interest rates, the reduced base rate of banks has also brought down interest rates for fixed deposits. HSBC has also issued some changes to the rates on its term deposit accounts.

      From 7 days to under a month, rates have been kept at 3.50% and 4.20%, while higher tenures in the short term deposits have a maximum of 7.5% as the interest rate. The earlier applicable rate of 5% for deposits of a month has been done away with. A rate of 6.25% is persistent for tenures from 94 days to all the way up to 730 days. That has seen a sharp decline from the earlier high of 7.25%. The highest rate of interest now available with HSBC

      Bank fixed deposits is capped at 7.50% for periods of 3 years but less than 37 months. There have been changes of 0.25% to 0.50% across many tenure brackets of the bank.

      10th September 2015

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  • HSBC Fixed Deposit Reviews

    • HSBC Bank Fixed Deposit
      "Satisfied!!"
      0.5 5.0/5 "Blown Away!"
      The Fixed deposit account from HSBC bank is good. I have opened the account with this bank as I have my salary account, credit cards and my savings account with this bank. The interest rates varies from range to range according to the amount deposited.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 06, 2015
    • HSBC Bank Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      I was holding a FD account with HSBC. I guess partial liquidation is not available with them. They took about 24 hours of time to action the request and for the money to get transferred to the account. The interest rate offered by them was 6.5% . I cannot place a request online for breaking the FD ,requested has to be made via phone banking.
      Was this review helpful? 9
      , mumbai
      Reviewed on Mar 07, 2015
    • HSBC Bank Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      I felt easier with HSBC as I had existing relationship with them. Fixed deposit services is extremely good and far more better than other banks. Rate of interest is 8.5% for 1 year of time where I would renew on a yearly basis.
      Was this review helpful? 7
      , new delhi
      Reviewed on Dec 18, 2014
    • HSBC Bank Fixed Deposit
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      HSBC is the one who offers maximum rate of interest for fixed deposit and there are no hidden charges. Main feature in Fixed deposit is that we can break the plan in middle of the tenor and HSBC never charge anything. HSBC is giving compound interest for fixed deposit and I availed it for 5 years. Entirely, I am satisfied with HSBC. Rate is 9% for fixed deposit.
      Was this review helpful? 6
      , faridabad
      Reviewed on Nov 18, 2014
    • HSBC Bank Fixed Deposit
      "Quite good!!!!!!!!!"
      0.5 3.0/5 "Satisfactory"
      It would be really nice if hsbc bank may provide the interest rates for different types of tenure. Currently they are having longer period where they provide higher interest rate. I would expect if they may implement the multiple break ups to get better return for fixed deposit account
      Was this review helpful? 4
      , bangalore
      Reviewed on Sep 18, 2014
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