HSBC Fixed Interest Rates

HSBC is a leading brand in the banking sector offering a host of banking services, including fixed deposit schemes. HSBC fixed interest rates are comparable with their market counterparts. By making investments in HSBC Fixed Deposit schemes, you can benefit from the higher interest rates compared to savings bank accounts.

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FD accounts with HSBC bank are available for a diverse range of maturity periods beginning from 7 days to 5 years. HSBC bank offers a minimum interest rate of 2.75% and a maximum of 4% to the general public on their fixed deposits. Senior citizens are given an additional 0.5% interest on their FDs. This applies to all available maturity periods.

Features of HSBC Bank Fixed Deposit

HSBC Fixed Deposit Account allows you to earn a higher interest rate at low risk. It has other benefits like easy opening of accounts, premature withdrawal and closure of the account.

Here are some peculiarities of HSBC fixed deposit:

One can open an FD account with HSBC Bank online with a minimum deposit of Rs 10,000.
Special interest rates are offered for select tenures. For example, you receive 3.75% interest on an FD for 600 days. Senior citizens get 4.25% interest on the same scheme.
Nominee facility is available on all HSBC fixed deposit accounts.
Premature withdrawal and liquidity options are available. You can also avail of overdrafts up to 85% of your fixed deposit amount.
All fixed deposit amounts attract certain tax benefits under section 80c of the Income Tax Act. The tax benefit can be up to Rs 150,000.

HSBC Fixed Deposit Rates 2021

The table below shows HSBC fixed interest rates for 2021:

Tenure	Interest Rate (%)for Regular Citizens	Interest Rate (%)for Senior Citizens
7 - 14 days	2.25	2.75
15 - 29 days	3	3.0
30 - 59 days	2.75	3.25
60 - 89 days	2.80	2.30
90 - 269 days	3.0	3.5
270 - 399 days	3.10	3.60
400 days (less than 18 months)	3.25	3.75
18 months (599 days)	3.30	3.80
600 days	3.75	4.25
601 days (699 days)	3.30	3.80
700 days	4	4.50
701 days to 731 days	3.50	4
732 days to less than 36 months	3.60	4.10
36 months to 60 months	4	4.50

HSBC Bank Fixed Deposit Rates: Things to Know

HSBC is a multinational bank with a presence in most countries around the world. Apart from online and branch visits, you can even open an HSBC FD account through a phone call.

The following are some additional features of HSBC Bank fixed deposit schemes:

Being an international bank, HSBC has more sophisticated processes and a banking environment. Customers benefit from its global presence and international standard of products and services.
HSBC fixed deposit interest rates are comparable with similar products in the Indian market. It offers a minimum of 2.75% and a maximum of 4% interest on Fixed Deposits under Rs 2 crore.
It offers an additional 0.5% interest to senior citizens on all tenures of FD.

Summing it Up

HSBC bank is a prestigious name in the banking sector globally. It offers a wide array of products and services, including fixed deposit plans. HSBC Fixed Interest Rate is both competitive in the market and attractive to investors. For higher standards of services and banking experience, choose HSBC Bank.

Written By: PolicyBazaar - Updated: 26 August 2021