HSBC Bank NRO/NRE/FCNR FD Rates
HSBC Bank NRO/NRE/FCNR FD rates cover four NRI deposit types: NRE, NRO, FCNR (B) and RFC. HSBC pays 4.00% to 5.50% p.a. on NRE deposits of one to five years and 2.50% to 5.50% p.a. on NRO deposits of seven days to five years. FCNR (B) and RFC deposits earn separate, currency-specific rates.
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 | 4.25 |
401 days to less than 18 months | 5.30 |
18 months to 599 days | 4.30 |
600 days | 4.30 |
601 to 699 days | 5.50 |
700 days | 4.30 |
701 to 730 days | 4.30 |
731 days | 4.30 |
732 days to less than 36 months | 5.35 |
36 months to less than 37 months | 5.35 |
37 months to less than 48 months | 5.45 |
48 months to 60 months | 5.50 |
Note: The interest rates are subject to change as per the discretion of the bank. The current rates are applicable as of 17 July 2025.
HSBC Bank sets the minimum deposit amount for opening an NRE fixed deposit at Rs.25,000.
You can open an HSBC NRE, NRO or FCNR (B) fixed deposit if you are a non-resident Indian (NRI), a person of Indian origin (POI), an overseas citizen of India (OCI) or a seafarer employed with foreign vessels. Additional eligibility criteria may apply.
HSBC Bank NRO Fixed Deposit Rates
For opening an 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 | 2.50 |
8 Days | 2.50 |
9 to 14 Days | 2.65 |
15 to 29 Days | 2.75 |
30 to 59 Days | 3.10 |
60 to 89 Days | 3.25 |
90 to 93 Days | 3.40 |
94 Days | 3.50 |
95 to 179 Days | 3.60 |
180 Days | 4.10 |
181 to 269 Days | 3.25 |
270 to 364 Days | 3.7 |
365 Days | 4 |
366 to 399 Days | 4 |
400 Days | 4.25 |
401 Days to less than 18 months | 5.30 |
18 months to 599 days | 4.30 |
600 days | 4.30 |
601 to 699 days | 5.50 |
700 days | 4.30 |
701 to 730 days | 4.30 |
731 Days | 4.30 |
732 Days to less than 36 months | 5.35 |
36 months to less than 37 months | 5.35 |
37 months to less than 48 months | 5.45 |
48 months to 60 months | 5.50 |
Note: The interest rates are subject to change as per the discretion of the bank. The current rates are applicable as of 17 July 2025.
You can open an HSBC NRO fixed deposit with as little as Rs.25,000, and the interest earned is subject to income tax deduction at source.
Highest HSBC Bank NRO deposit rates
HSBC Bank offers 5.50% p.a. on an NRO term deposit having a deposit tenure that ranges between 601 days and 699 days. This is the highest interest rate offered by the bank for opening an 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. | 3.25 | 2.75 | 3.25 |
Cumulative Interest % p.a. | 3.25 | 2.75 | - |
Note: The interest rates are effective from 1 September 2026.
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 Australian 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 1 September 2026.
Currency | Minimum Deposit |
US dollars (USD) | USD1,000 |
British pound (GBP) | GBP500 |
Japanese yen (JPY) | JPY125,000 |
Euro (EUR) | EUR750 |
Canadian dollars (CAD) | CAD1,500 |
Australian dollars (AUD) | AUD1,500 |
Danish krone (DKK) | DKK1,000 |
Swiss francs (CHF) | CHF1,000 |
Swedish krona (SEK) | SEK1,000 |
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 RFC 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.
To open an HSBC RFC deposit, you must be a non-resident Indian returning to India permanently after being a non-resident for at least one year; additional eligibility criteria may apply.
The minimum deposit for an HSBC RFC deposit is USD5,000, GBP3,500, JPY500,000 or EUR5,000, depending on the currency you choose.
Summary
HSBC Bank NRO/NRE/FCNR FD rates cover NRE, NRO, FCNR (B) and RFC deposits for non-resident Indians, each with its own currency, tenure options and rate table. NRE and NRO deposits are held in Indian rupees, while FCNR (B) and RFC deposits are held in foreign currencies. Compare the tables above with other banks on BankBazaar and check HSBC's latest rates before you open an HSBC NRI fixed deposit.
FAQs on HSBC Bank NRO/NRE/FCNR FD Rates
1.What are HSBC Bank NRO/NRE/FCNR FD rates?
HSBC Bank NRO/NRE/FCNR FD rates are the interest rates HSBC pays on fixed deposits opened by non-resident Indians. The rate depends on the deposit type, the tenure and, for foreign-currency deposits, the currency. The rate tables above list the rates for each HSBC deposit type.
2.What types of NRI fixed deposits does HSBC Bank offer?
HSBC Bank offers NRE, NRO, FCNR (B) and RFC fixed deposits to eligible non-resident Indians. NRE and NRO deposits are held in Indian rupees, while FCNR (B) and RFC deposits are held in foreign currencies. Each HSBC NRI FD type has its own rate table on this page.
3.Who can open an HSBC NRE, NRO or FCNR (B) fixed deposit?
HSBC NRE, NRO and FCNR (B) fixed deposits are open to non-resident Indians, persons of Indian origin, overseas citizens of India and seafarers employed with foreign vessels. HSBC may apply additional eligibility criteria.
4.What is an HSBC NRE fixed deposit?
An HSBC NRE fixed deposit is a rupee term deposit that a non-resident Indian opens with earnings from abroad. HSBC sets the NRE FD rate according to the tenure you choose, as the NRE table above shows.
5.Is there a minimum deposit for an HSBC NRE fixed deposit?
Yes, HSBC sets a minimum deposit for opening an NRE fixed deposit, and the amount is stated in the NRE section above. HSBC can revise the minimum, so confirm it before you apply.
6.What is an HSBC NRO fixed deposit?
An HSBC NRO fixed deposit is a rupee term deposit meant for income that a non-resident Indian earns in India. HSBC quotes NRO FD rates for a wide range of tenures, from a few days to several years, in the NRO table above.
7.Do HSBC NRO FD rates apply to every deposit amount?
No, the HSBC NRO FD rates in the table above apply only to deposits below the limit stated above that table. HSBC may quote different rates for larger NRO deposits, so contact the bank for those.
8.Which tenure earns the highest HSBC NRO FD rate?
The tenure that earns the highest HSBC NRO FD rate is named in the section on the highest HSBC Bank NRO deposit rates above. HSBC revises NRO rates from time to time, so check that section and the NRO table before you book.
9.What is an HSBC FCNR (B) fixed deposit?
An HSBC FCNR (B) fixed deposit is a term deposit that a non-resident Indian holds in a foreign currency instead of rupees. HSBC publishes separate FCNR (B) rates for each currency and tenure band in the tables above.
10.Which currencies are available for an HSBC FCNR (B) fixed deposit?
HSBC FCNR (B) fixed deposits are available in US dollars, British pounds, euros, Japanese yen, Australian dollars, Canadian dollars, Danish krone, Swiss francs and Swedish krona. Each currency has its own rate table above.
11.What is the difference between simple and cumulative interest on an HSBC FCNR (B) fixed deposit?
Simple interest on an HSBC FCNR (B) fixed deposit is paid out periodically, while cumulative interest is compounded and paid at maturity. Each FCNR (B) table above shows both interest types for its currency.
12.Is there a minimum deposit for an HSBC FCNR (B) fixed deposit?
Yes, the minimum deposit for an HSBC FCNR (B) fixed deposit depends on the currency you choose. The minimum deposit table in the FCNR (B) section above lists the amount for each currency.
13.What is an HSBC RFC deposit?
An HSBC RFC (Resident Foreign Currency) deposit is a foreign-currency term deposit for non-resident Indians who have returned to India permanently. HSBC offers RFC deposits in the limited set of currencies shown in the RFC table above.
14.Who is eligible to open an HSBC RFC deposit?
You can open an HSBC RFC deposit if you are a non-resident Indian returning to India permanently after being a non-resident for at least one year. HSBC may apply additional eligibility criteria.
15.Can HSBC Bank change its NRI FD rates?
Yes, HSBC Bank can revise its NRE, NRO, FCNR (B) and RFC FD rates at its own discretion, as the notes under the rate tables state. Check the latest HSBC NRI FD rates before you book a deposit.
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