According to the HSBC Bank FD Rates, the bank offers interest rates ranging from 2.85% per annum to 7.50% per annum. This HSBC FD rate is for the general public who deposits sums below INR 2 Crore. The HSBC Bank interest rates also provide senior citizens with an extra 0.50% of interest rate. These plans are effective as of 03 March 2023, and the tenures of the HSBC go from 7 days and up to 5 years.
HSBC Bank Fixed Deposit Interest Rates
HSBC Bank FD Interest Rates (p.a.) | |
Highest slab rate | 7.50% (732 days – 3 years) |
For 1 year | 4.00% |
For 2 years | 4.25% |
For 3 years | 7.00% |
For 4 years | 6.00% |
For 5 years | 6.00% |
Fixed Deposit Rates on Domestic deposits of less than Rs 2 crore w.e.f. 3 March 2023
FD Tenure | Interest Rates (% p.a.) | |
Regular Citizens | Senior Citizens | |
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 to 364 days | 3.70 | 4.20 |
365 days | 4.00 | 4.50 |
366 to 399 Days | 4.00 | 4.50 |
400 days | 3.25 | 3.75 |
401 days to less than 18 months | 6.25 | 6.75 |
18 months to 599 days | 4.10 | 4.60 |
600 days | 3.75 | 4.25 |
601 to 699 days | 3.30 | 3.80 |
700 days | 3.75 | 4.25 |
701 to 730 days | 4.25 | 4.75 |
731 days | 4.25 | 4.75 |
732 days to less than 36 months | 7.50 | 8.00 |
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 |
HSBC Bank NRE Fixed Deposit Interest Rates Below INR 2 Crores
Tenure | Interest Rates (% 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 | 4.10 |
600 days | 3.75 |
601 to 699 days | 3.30 |
700 days | 3.75 |
701 to 730 days | 4.25 |
731 days | 4.25 |
732 days to less than 36 months | 7.50 |
36 months | 7.00 |
FCNR (Foreign Currency Non-Resident) Fixed Deposit Interest Rates
Tenure | Interest Rates (% p.a.) | ||||||||
USD | GBP | EUR | JPY | AUD | CAD | DKK | CHF | SEK | |
1 year to less than 2 years | 2.50 | 3.50 | 0.01 | 0.01 | 0.1 | 0.1 | 0.01 | 0.01 | 0.01 |
2 years to less than 3 years | 3.75 | 0.50 | 0.01 | 0.01 | 0.1 | 0.1 | 0.01 | 0.01 | 0.01 |
3 years | 3.25 | 0.5 | NA | NA | NA | NA | 0.01 | 0.01 | 0.01 |
RFC Fixed Deposit Interest Rates
Tenure | Interest Rates (% p.a.) | |||
USD | GBP | EURO | JPY | |
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% |
3 years | 0.10 | 0.10% | NA | NA |
What is the Eligibility for HSBC Bank’s FD Account?
The Eligibility Requirements are as follows:
- You have to be an Indian national.
- You must have an HSBC bank account.
- Everyone can open FD accounts, including Government agencies and private businesses.
- A deposit of at least INR 10,000 is required.
What Documentation is Required for an HSBC Bank FD Account?
Documents which are necessary for an FD account are:
- Application form
- Aadhaar card or passport
- Identity documentation such as a PAN card, voter ID card, etc.
- Age verification documents such as your birth certificate, Aadhaar card, etc.
- Passport size picture
- Information about your bank account
What are the Interest Rates for Fixed Deposits?
HSBC bank also offers other fixed deposit services. It offers services for NRI individuals too. The NRI services of HSBC Bank are NRE, RFC and FCNR.
HSBC NRE Fixed Deposit Scheme
The HSBC Bank provides NRE fixed deposit schemes too, and according to the HSBC NRE FD interest rates, there are certain criteria to be followed. They are:
- The amount deposited should have a minimum range of INR 25,000, and the maximum is INR 2 crores.
- The tenure for NRE deposit ranges from 1 year to 3 years.
- According to the scheme, the criteria amount and the interest amount can be moved from a foreign country to the owner’s country of origin.
HSBC NRO Fixed Deposit Scheme
According to the HSBC NRI FD rates, the criteria to be followed for the NRO Fixed Deposit Scheme are as follows:
- The minimum amount that can be deposited is INR 15000, and the maximum is INR 2 crores.
- The tenure ranges from 7 days to up to 5 years.
- The deposit made can be easily repatriated with the limitation of USD 1 Million in a year, which is the financial year.
- It also provides its users with a nomination facility.
- The deposit that is earned can be paid at maturity altogether.
HSBC FCNR Fixed Deposit Scheme
The FCNR Deposit Scheme of HSBC Bank has a different set of criteria than the other fixed deposit schemes. They are as follows:
- HSBC provides deposits for a wide range of currencies. They are US Dollars (USD), Pound Sterling (GBP), Danish Krone (DKK), Swiss Francs (CHF), Swedish Krona (SEK), Japanese Yen (JPY), Australian Dollars (AUD), Euros (EURO), Canadian Dollars (CAD), Australian Dollars (AUD).
- The tenure for USD, GBP, DKK, CHF and SEK currencies is 1 year to 3 years.
- The tenure for EURO, JPY, CAD and AUD currencies is 1 year to 2 years.
- FCNR Deposit Scheme also provides a nomination facility.
What Happens on Premature Withdrawal of Funds?
- After deducting the penal rate of 1 per cent from the relevant rate, interest will be paid.
- No interest will be paid on deposits that have been held by the bank for a shorter amount of time than the minimum duration for which deposits were accepted in the specified currency and deposit type as of the deposit placement date.
Who is Eligible to Avail of the Nomination Facilities?
You can go through all the details provided for the HSBC fixed deposit schemes and choose which one suits you the best. These schemes stay the same all over the world. The HSBC India FD rates are similar to the general HSBC fixed deposit criteria. You can use the HSBC FD interest rates calculator to calculate the rate and amount against your deposit sum and manage your finances accordingly. Nomination is possible for all the fixed deposit accounts other than the NRO FD deposit.
What are the Interest Rates Available to NRI Accounts?
The interest rates for NRI FD accounts differ with each currency, like for NRE 2.00% to 2.50%, but for NRO, FCNR and RFC, there are different rates for different HSBC FD Rates for different currencies.
HSBC Bank Fixed Deposit Rates FAQ’s :-
The highest rate is 6.00 per cent. The tenure ranges between 732 days to 36 months or less.
Yes, a customer can definitely open a HSBC fixed deposit account online.
HSBC does offer premature withdrawal of HSBC fixed deposits with a reduction of 1% by the bank.
No, it is not possible to change the tenure of an already existing fixed deposit by the holder.
The minimum tenure is 7 days, while the maximum tenure is 5 years.