With HSBC, you can open a fixed deposit online easily, with minimum deposit starting at Rs.10,000, with attractive interest rates that go up to 4.00% p.a., and flexible investment tenures.
HSBC Fixed deposit schemes have the following customer-centric features:
HSBC has the following types of fixed deposit accounts:
HSBC FD interest rates range from 2.25% p.a. to 4.00% p.a. for tenures ranging from 7 days to 5 years for deposits below Rs.2 crore, effective 26 November 2020. The highest interest rate of 4.00% p.a. is offered a tenure ranging from 3 years to 5 years.
Senior citizens are offered 0.50% additional interest rate on flexible tenures ranging from 7 days to 5 years. The interest rate ranges from 2.75% p.a. to 4.50% p.a. The highest interest rate of 4.50% p.a. is offered on tenure ranging from 3 years to 5 years.
Indian Residents and Non-Resident Indians (NRIs) are eligible to open a fixed deposit with HSBC Bank.
Other Banks FD
You can open a fixed deposit with HSBC by visiting your nearest bank branch or by applying on the official website (you would need to have an internet banking account with HSBC).
HSBC offers NRE deposits with the following features:
The interest rates offered on HSBC NRI fixed deposits range from 3.10% p.a. to 4.00% p.a. for tenures ranging from 1 year to 3 years. The highest interest rate of 4.00% p.a. is for 3 years to 5 years. This is for deposit amounts lower than Rs.2 crore and effective 26 November 2020.
Yes, you can open an HSBC FD account online through the bank’s official website and net banking portal.
HSBC offers both cumulative and non-cumulative fixed deposit options.
HSBC offers fixed deposit tenures ranging from 7 days up to 5 years.
The minimum amount required to open a fixed deposit account with HSBC is Rs.10,000.
Yes, there is a penalty of 1% for premature withdrawal of HSBC fixed deposit.
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