• Overview of HSBC Fixed Deposit

    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.

    Features of HSBC Fixed Deposit Schemes

    HSBC Fixed deposit schemes have the following customer-centric features:

    • Can be opened easily and quickly online
    • Select tenures have special interest rates for maximum value
    • Wide range of tenures
    • Senior citizens get up to 0.50% higher interest rates
    • Multiple ways to open – phone, website, and branch

    Types of HSBC Fixed Deposits

    HSBC has the following types of fixed deposit accounts:

    • For Resident Indians:
      • Cumulative
      • Ordinary
    • For Non-Resident Indians:
      • FCNR B-Cumulative
      • FCNR B-Ordinary
      • Resident FCY Deposit
      • NRE – Cumulative
      • NRE – Ordinary
      • NRO – Cumulative
      • NRO - Ordinary

    Interest Rates on HSBC Fixed Deposits

    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 HSBC FD Interest Rates

    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.

    Eligibility Criteria for HSBC Fixed Deposits

    Indian Residents and Non-Resident Indians (NRIs) are eligible to open a fixed deposit with HSBC Bank.

    Procedure to Open an HSBC Fixed Deposit

    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 NRI Fixed Deposits

    HSBC offers NRE deposits with the following features:

    • Interest can be paid quarterly or at the time of maturity
    • Freely repatriable
    • Overdraft facility available
    • Joint accounts can be held
    • Can break deposits subject to premature withdrawal clause
    • Tenures range from 1 year up to 3 years

    HSBC NRI Fixed Deposit Interest Rates

    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.

    HSBC Fixed Deposit FAQs

    1. Can I open an HSBC FD account online?

      Yes, you can open an HSBC FD account online through the bank’s official website and net banking portal.

    2. What are the kinds of fixed deposit accounts offered by HSBC?

      HSBC offers both cumulative and non-cumulative fixed deposit options.

    3. What is the tenure of HSBC fixed deposits?

      HSBC offers fixed deposit tenures ranging from 7 days up to 5 years.

    4. What is the minimum amount for the HSBC FD account?

      The minimum amount required to open a fixed deposit account with HSBC is Rs.10,000.

    5. Is there a penalty for premature withdrawal of HSBC fixed deposit?

      Yes, there is a penalty of 1% for premature withdrawal of HSBC fixed deposit.

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    HSBC Fixed Deposit Reviews

    • HSBC Bank
      "wrong calculation of interest rates"
      0.5 0.5/5 "Unacceptable"
      HSBC staff wrongly pre closed my fixed deposit .. and calculated the interest rates wrongly and when asked them for clarification never got back .. even after following up with them repeatedly for more than 3 months.. would highly recommend not using their services.
      Was this review helpful? 12
      , visakhapatnam
      Reviewed on Aug 24, 2019
    • HSBC Bank
      HSBC Bank
      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
      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? 10
      , mumbai
      Reviewed on Mar 07, 2015
    • HSBC Bank
      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
      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
      "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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