HSBC Fixed Deposit Overview - Features, Tenures & Interest Rates
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 7.50% 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 2.85% p.a. to 7.50% p.a. for tenures ranging from 7 days to 5 years for deposits below Rs.2 crore, effective 7 June 2024. The highest interest rate of 7.5% p.a. is offered a tenure ranging from 601 days to 699 days
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 3.35% p.a. to 8.00% p.a. The highest interest rate of 8.00% p.a. is offered on tenure ranging from 601 days to 699 days.
HSBC FD Interest Rate details
Tenure | Board rates (Below Rs.2 crore | Senior Citizen Interest Rate |
7 Days | 2.85% | 3.35% |
8 Days | 2.85% | 3.35% |
9 to 14 Days | 3.00% | 3.50% |
15 to 29 Days | 3.00% | 3.50% |
30 to 59 Days | 3.40% | 3.90% |
60 to 89 Days | 3.60% | 4.10% |
90 to 93 Days | 3.80% | 4.30% |
94 Days | 3.80% | 4.30% |
95 to 179 Days | 4.00% | 4.50% |
180 Days | 4.50% | 5.00% |
181 to 269 Days | 3.25% | 3.75% |
270 Days to 364 Days | 3.7% | 4.2% |
365 Days | 4% | 4.5% |
366 Days to 399 Days | 4% | 4.5% |
400 Days | 3.2%5 | 3.75% |
401 Days to less than 18 months | 6.25% | 6.75% |
18 months to 599 days | 4.1% | 4.6% |
600 days | 3.75% | 4.25% |
601 to 699 days | 7.50% | 8.00% |
700 days | 3.75 | 4.25 |
701 days to 730 days | 4.25 | 4.75 |
731 Days | 4.25 | 4.75 |
732 days to less than 36 months | 7.25 | 7.75 |
36 months to less than 37 months | 7.00 | 7.50 |
37 months to less than 48 months | 6.00 | 6.50 |
48 months to 60 months | 6.00 | 6.50 |
Eligibility Criteria for HSBC Fixed Deposits
Indian Residents and Non-Resident Indians (NRIs) are eligible to open a fixed deposit with HSBC Bank.
Other Banks FD
- SBI Bank FD
- HDFC Bank FD
- Axis Bank FD
- Post Office FD
- Senior Citizen FD
- Canara Bank FD Rates
- Kotak Bank FD
- Yes Bank FD
- Standard Chartered Bank FD
- Bank of Baroda FD
- PNB FD
- IDFC Bank FD
- IDBI Bank FD
- Indian Bank FD
- Union Bank FD
- Bank of India FD
- Central Bank of India FD
- IOB Bank FD
- Shriram City FD
- LIC Housing FD
- Mahindra Finance FD
- Bandhan Bank FD
- KTDFC FD
- J & K Bank FD
- Federal Bank FD
- Bank of Maharashtra FD
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 3.2% p.a. to 7.25% p.a. for tenures ranging from 1 year to 3 years. The highest interest rate of 7.25% p.a. p.a. is for 732 days to less than 36 months. This is for deposit amounts lower than Rs.2 crore and effective 7 June 2024.
Tenure | Board Rates (Below Rs.2 crore) |
365 days | 4% |
366 days to 399 days | 4% |
400 days | 3.2% |
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 | 7.25% |
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% |
How to open an HSBC FD Account Online
The steps to open an HSBC FD Account online are given below:
- Click on the link https://www.hsbc.co.in/security/.
- If you are an existing HSBC customer, provide your username and other details to log in. If you are a new customer, click on ‘Note Registered for Personal Internet Banking?’.
- Once you have logged in, you can click on the FD option where you can choose your deposit amount and tenure and apply. Select ‘Continue’ to finish the application process.
- The bank will instantly open an FD account for the tenure chosen by you.
You can also call the numbers 1800 266 3456, 1800 120 4722 if you are a resident of India, and +91-40-65118001, +91-22-71728001 if you are from overseas, and wish to open an HSBC FD account.
Alternatively, you can also visit the nearest HSBC branch along with all the necessary documents to open an HSBC FD account.
FAQs on HSBC Fixed Deposit
- What are the kinds of fixed deposit accounts offered by HSBC?
HSBC offers both cumulative and non-cumulative fixed deposit options.
- What is the tenure of HSBC fixed deposits?
HSBC offers fixed deposit tenures ranging from 7 days up to 5 years.
- 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.
- 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.
- 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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