HSBC Bank NRO/NRE/FCNR FD Rates
HSBC bank allows non-resident Indians (NRIs) to open NRE, NRO, FCNR, and RFC deposits with them. The fixed deposits can be opened for a period that ranges between 7 days and 5 years with the offered interest rate ranging between 2.85% and 7.25% p.a.
HSBC Bank NRE Fixed Deposit Rates
The interest rates offered on NRE fixed deposit by the bank are listed in the table below:
Tenure | Rate of Interest (% p.a.) |
365 days | 4 .00 |
366 days to 399 days | 4 .00 |
400 days | 3.25 |
401 days to less than 18 months | 6.25 |
18 months to 599 days | 4.01 |
600 days | 3.75 |
601 to 699 days | 7.50 |
700 days | 3.75 |
701 to 730 days | 4.25 |
731 days | 4.25 |
732 days to less than 36 months | 6.50 |
36 months to less than 37 months | 7.00 |
37 months to less than 48 months | 6.00 |
48 months to 60 months | 6.00 |
Note: The interest rates are subject to change as per the discretion of the bank. The current rates are applicable as of 03 October 2024.
HSBC Bank NRO Fixed Deposit Rates
For opening a NRO fixed deposit account, the interest rates offered by HSBC Bank on deposits below Rs.3 crore are mentioned in the table below:
Tenure | Rate of Interest (%p.a.) |
7 Days | 2.85 |
8 Days | 2.85 |
9 to 14 Days | 3.00 |
15 to 29 Days | 3.00 |
30 to 59 Days | 3.40 |
60 to 89 Days | 3.60 |
90 to 93 Days | 3.80 |
94 Days | 3.80 |
95 to 179 Days | 4.00 |
180 Days | 4.50 |
181 to 269 Days | 3.25 |
270 to 364 Days | 3.7 |
365 Days | 4 |
366 to 399 Days | 4 |
400 Days | 3.25 |
401 Days to less than 18 months | 6.25 |
18 months to 599 days | 4.1 |
600 days | 3.75 |
601 to 699 days | 7.50 |
700 days | 3.75 |
701 to 730 days | 4.25 |
731 Days | 4.25 |
732 Days to less than 36 months | 6.50 |
36 months to less than 37 months | 7.00 |
37 months to less than 48 months | 6.00 |
48 months to 60 months | 6.00 |
Note: The interest rates are subject to change as per the discretion of the bank. The current rates are applicable as of 03 October 2024.
Highest HSBC Bank NRO deposit rates
HSBC Bank offers 7.50% p.a. on NRO term deposit having a deposit tenure that ranges between 601 days to 699 days. This is the highest interest rate offered by the bank for opening a NRO fixed deposit.
HSBC Bank FCNR (B) Deposit Rates
The interest rates for FCNR term deposit are provided below:
Interest Rates for United States Dollar (U.S.D.)
Interest Type for U.S.D. | >= 1 year to < 2 years | >= 2 years to < 3 years | 3 years |
Simple Interest % p.a. | 4.25 | 3.75 | 3.25 |
Cumulative Interest % p.a. | 4.25 | 3.75 | 3.25 |
Interest Rates for Great Britain Pounds (G.B.P.)
Interest Type for GBP | >= 1 year to < 2 years | >= 2 years to < 3 years | 3 years |
Simple Interest % p.a. | 4.0 | 0.5 | 0.5 |
Cumulative Interest % p.a. | 4.0 | 0.5 | 0.5 |
Interest Rates for Euro (E.U.R.)
Interest Type for E.U.R. | >= 1 year to < 2 years | >= 2 years to < 3 years | 3 years |
Simple Interest % p.a. | 0.01 | 0.01 | - |
Cumulative Interest % p.a. | 0.01 | 0.01 | - |
Interest Rates for Japanese Yen (J.P.Y.)
Interest Type for J.P.Y. | >= 1 year to < 2 years | >= 2 years to < 3 years | 3 years |
Simple Interest % p.a. | 0.01 | 0.01 | - |
Cumulative Interest % p.a. | 0.01 | 0.01 | - |
Interest Rates for Australia Dollar (A.U.D.)
Interest Type for A.U.D. | >= 1 year to < 2 years | >= 2 years to < 3 years | 3 years |
Simple Interest % p.a. | 0.10 | 0.10 | - |
Cumulative Interest % p.a. | 0.10 | 0.10 | - |
Interest Rates for Canadian Dollar (C.A.D.)
Interest Type for C.A.D. | >= 1 year to < 2 years | >= 2 years to < 3 years | 3 years |
Simple Interest % p.a. | 0.10 | 0.10 | - |
Cumulative Interest % p.a. | 0.10 | 0.10 | - |
Interest Rates for Danish Krone (D.K.K.) ''
Interest Type for D.K.K. | >= 1 year to < 2 years | >= 2 years to < 3 years | 3 years |
Simple Interest % p.a. | 0.01 | 0.01 | 0.01 |
Cumulative Interest % p.a. | 0.01 | 0.01 | 0.01 |
Interest Rates for Swiss Franc (C.H.F.)
Interest Type for C.H.F. | >= 1 year to < 2 years | >= 2 years to < 3 years | 3 years |
Simple Interest % p.a. | 0.01 | 0.01 | 0.01 |
Cumulative Interest % p.a. | 0.01 | 0.01 | 0.01 |
Interest Rates for Swedish Krona (S.E.K.)
Interest Type for S.E.K. | >= 1 year to < 2 years | >= 2 years to < 3 years | 3 years |
Simple Interest % p.a. | 0.01 | 0.01 | 0.01 |
Cumulative Interest % p.a. | 0.01 | 0.01 | 0.01 |
Note: The interest rates are subject to change as per the discretion of the bank. The current rates are applicable as of 23 November 2024.
HSBC Bank RFC Deposit Rates
HSBC Bank's RFC fixed deposit rates are as given below:
Currency | 31 days - < 6 months (% p.a.) | 6 months - < 1 year (% p.a.) | >= 1 year to < 2 years (% p.a.) | >= 2 years to < 3 years (% p.a.) | 3 years (% p.a.) |
USD$ | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
GBP£ | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
EUR€ | 0.10 | 0.10 | 0.10 | 0.10 | N/A |
JPY¥ | 0.10 | 0.10 | 0.10 | 0.10 | N/A |
Note: HSBC Bank FCNR rates are effective 21 March 2017. It must be noted here that the rates are subject to change as per the discretion of the bank.
FAQs on HSBC Bank NRO/NRE/FCNR FD Rates
- What is the minimum deposit amount for opening a NRE deposit?
The minimum deposit required to open a NRE deposit is Rs.25,000.
- What is the minimum deposit amount for US dollars when it comes to FCNR deposits?
The minimum deposit amount with regard to FCNR deposit when investing in US dollars is $1,000.
- Is the overdraft facility available on NRE fixed deposits?
The overdraft facility is available on NRE fixed deposits.
- Can an RFC deposit be held in joint mode?
Yes, an RFC deposit can be held in joint mode with NRIs as well as resident Indians. However, deposits held with resident Indians can be operated only on 'Former' or 'Survivor' basis.
- Is the nomination facility available on NRE, NRO and FCNR deposits?
Yes, the nomination facility is available on NRE, NRO and FCNR deposits.
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