HSBC FD Rates Online | HSBC FD Interest Rate | HSBC FD Interest Rate Calculator | HSBC Revised Fixed Deposit
HSBC Banks is among the country’s most well-known financial institutions. Fixed deposits, often known as term deposits, are one of the bank’s most important financial instruments. For deposits under Rs. 2 crores, the interest rates for HSBC FDs vary from 2.25 percent per annum to 4.00 percent per annum, commencing November 26, 2020. Senior folks receive a 0.50 percent discount on their interest rate. The durations range from seven days to five years. Read below to check the detailed information related to HSBC FD Rates 2022 like Features, Eligibility Criteria, Documents Required, Interest Rate Calculator, NRO Deposit Rates at HSBC Bank, FCNR Deposit Rates at HSBC Bank, and much more.
HSBC FD Rates 2022 – Comprehensive Details
On tenures ranging from 7 days to 60 months, HSBC Bank offers FD interest rates of 2.25-4.00 percent p.a. to the general public and 2.75- 4.50 percent p.a. to senior citizens. NRIs can also make use of the bank’s fixed deposit products, which include NRE, RFC, and FCNR fixed deposits. Fixed deposits in US Dollars (USD), Swiss Franc (CHF), Australian Dollar (AUD), Canadian Dollar (CAD), British Pound Sterling (GBP), Danish Krone (DKK), Euro (EUR), Japanese Yen (JPY), and Swedish Krona are all accepted by HSBC Bank (SEK). RFC fixed deposits in GBP, EUR, USD, and JPY are accepted by the bank.
Features of HSBC Fixed Deposit Scheme
Some of the key features of the HSBC Fixed Deposit Scheme are as follows:
- The procedure for opening an HSBC Fixed Deposit (FD) account is straightforward and only entails a few steps
- This account’s minimum term is seven days
- This account has a maximum term of four years
- The minimum amount to deposit to open an FD account is Rs. 10,000
- On your deposits, you can earn a significant rate of interest
- Senior folks receive an additional 0.50 percent interest rate from the bank
- It is permissible to withdraw from the program early
- The ability to credit interest earned on one account to another
- You can select the duration that is most convenient for you
Eligibility Criteria to Open HSBC Bank Fixed Deposit
Applicants who want to open HSBC Bank Fixed Deposit must fulfill the eligibility criteria put forward by the Bank. The eligibility criteria to open HSBC Bank Fixed Deposit are as follows:
- You must be an Indian citizen.
- You must have an HSBC bank account.
- An Rs. 10,000 minimum deposit is required.
- An FD account can be opened by private companies, governing organizations, and trusts.
Required Documents to Open HSBC Bank Fixed Deposit
To open HSBC Bank Fixed Deposit some important documents will be needed by the applicants, make sure to keep them handy. The documents required to open HSBC Bank Fixed Deposit are as follows:
- Application Form
- Passport Size Photographs
- Address Proof like Aadhaar Card, Passport, etc
- Identity Proof like PAN card, voter ID card, etc
- Age Proof-like birth certificate, Aadhaar Card, etc.
- Bank Account Details
HSBC FD Rates Calculator
The HSBC Bank FD Interest Rate Calculator can be used to calculate the maturity amount of an HSBC fixed deposit. In addition, the interest rates on HSBC Bank FDs vary according to the term. As a result, investors can choose a preferred investment term by entering information such as deposit amount, HSBC FD Rates, and deposit tenure and calculating total returns. Account-holders can also examine and compare HSBC FD Interest Rates with those of other banks using the HSBC FD calculator.
HSBC Domestic Term Deposit Schemes Interest Rates
The HSBC Domestic Term Deposit Schemes Interest Rates for less than two crore rupees are given in the table below. Note that the bank reserves the right to adjust the interest rates at any time.
|Tenure||The interest rate for the general public (p.a.)||The interest rate for senior citizens (p.a.)|
|7 to 14 days||2.25 percent||2.75 percent|
|15 to 29 days||2.50 percent||3.00 percent|
|30 to 59 days||2.75 percent||3.25 percent|
|60 to 89 Days||2.80 percent||3.30 percent|
|90 to 269 days||3.00 percent||3.50 percent|
|270 to 364 days||3.10 percent||3.60 percent|
|1 year||3.10 percent||3.60 percent|
|More than 1 year to 399 days||3.10 percent||3.60 percent|
|400 days to less than 18 months||3.25 percent||3.75 percent|
|18 months to 599 days||3.30 percent||3.80 percent|
|600 days||3.75 percent||4.25 percent|
|601 days to 699 days||3.30 percent||3.80 percent|
|700 days||3.75 percent||4.25 percent|
|701 days to 731 days||3.50 percent||4.00 percent|
|732 days to less than 36 months||3.60 percent||4.10 percent|
|36 months to 60 months||4.00 percent||4.50 percent|
NRO Deposit Rates at HSBC Bank
The NRO Deposit Rates at HSBC Bank are given in the table below. Note that the bank reserves the right to adjust the interest rates at any time.
|Tenure||Interest Rate for General Public (Percent p.a.)|
|7 to 14 days||2.25%|
|15 to 29 days||2.50%|
|30 to 59 days||2.75%|
|60 to 89 days||2.80%|
|90 to 269 days||3.00%|
|270 to 399 days||3.10%|
|400 to less than 18 months||3.25%|
|18 months to 599 days||3.30%|
|601 days to 699 days||3.30%|
|701 days to 731 days||3.50%|
|732 days to less than 36 months||3.60%|
|36 months to 60 months||4.00%|
NRE Deposit Rates at HSBC Bank
The NRE Deposit Rates at HSBC Bank are given in the table below. Note that the bank reserves the right to adjust the interest rates at any time.
|Tenure||The interest rate for General Public (percent p.a.)|
|365 days||3.10 percent|
|366 to 399 days||3.10 percent|
|400 days||3.25 percent|
|401 to less than 18 months||3.25 percent|
|18 months to 599 days||3.30 percent|
|600 days||3.75 percent|
|601 days to less than 699 days||3.30 percent|
|700 days||3.75 percent|
|701 days to 731 days||3.50 percent|
|732 days to less than 3 years||3.60 percent|
|3 years||4.00 percent|
FCNR Deposit Rates at HSBC Bank
Simple interest (S.I.) and compound interest (C.I.) rates* for FCNR deposits in several foreign currencies** are shown in the table below:
|1 year to less than 2 years||0.01%||0.01%||0.01%||0.01%||0.10%||0.10%||0.01%||0.01%||0.01%|
|2 years to less than 3 years||0.05%||0.01%||0.01%||0.01%||0.10%||0.10%||0.01%||0.01%||0.01%|
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RFC Fixed Deposit Interest Rates at HSBC Bank
|31 days to less than 6 months||0.10%||0.10%||0.10%||0.10%|
|6 months to less than 1 year||0.10%||0.10%||0.10%||0.10%|
|1 year to less than 2 years||0.10%||0.10%||0.10%||0.10%|
|2 years to less than 3 years||0.10%||0.10%||0.10%||0.10%|
The maximum interest rate available is 4% for terms ranging from three to five years.
For deposits under Rs.2 crore, HSBC offers interest rates ranging from 2.25 percent to 4% to the general population. Senior citizens get an extra 0.50 percent interest on their savings.
Account-holders with HSBC Bank cannot change the term of an existing fixed deposit account.
The Smart Money Account scheme from HSBC allows you to withdraw up to 90% of your deposit amount via an overdraft option. However, to take advantage of this plan, you must make a minimum investment of Rs. 25,000.
When your account matures, the maturity amount will be determined by the deposit amount and the tenure you choose.