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.

Read more
Best Investment Options
  • Save upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans", you agree to our Privacy Policy and Terms of Use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

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
Search
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Newsletter
Sign up for newsletter
Sign up our newsletter and get email about FD Rates Articles.
You May Also Want to Know About
Which Bank has the Highest Interest Rate for Fixed Deposit?
Which Bank has the Highest Interest Rate for Fixed Deposit? There have been back to back changes in the interest rates by the Reserve Bank of India, which is goo...
Which Bank Is Best For Fixed Deposit 2018
Which Bank Is Best For Fixed Deposit 2018 The interest rate paid on fixed deposits is based on the principal amount and the tenure of the deposit. Fixed deposits...
Best Fixed Deposit Rates for NRE in 2021
Best Fixed Deposit Rates for NRE in 2021 NRE or Non-Resident External accounts can be of Recurring, Savings, or Fixed Deposit type wherein NRIs can easily deposi...
Best Savings Bank Account of 2021 in India
Best Savings Bank Account of 2021 in India One of the common and oldest ways to save your hard-earned money is by opening a savings bank account. The reason why ...
Here is Everything You Need to Know about FD Interest Rates Calculator
Here is Everything You Need to Know about FD Interest Rates Calculator FD interest rates calculator is used to calculate the interest and the total amount that t...
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL