HSBC Bank Fixed Deposit
Last Updated : April 5, 2017, 4:11 p.m.
About HSBC Bank
The Hongkong and Shanghai Banking Corporation Limited, popularly known as HSBC bank provides its service in the sector of fixed deposit . The prudent customers who believe in the concept of saving can invest their earnings for the desirable period of time, and earn good returns on the same. The minimum amount of investment is ₹10,000. Depositing the money in HSBC fixed deposit yields high interest at low risk. You get assured returns at the maturity of the plan. The plan is automatically renewed for the same duration at the prevailing rate of interest in the absence of any prior instructions. This feature of HSBC fixed deposit ensures that your investment is continually earning and is not lying idle with the bank.
Fixed deposit interest rate for HSBC Bank
(w.e.f. 22nd August 2017)
| Tenure | General ( %p.a. ) | Senior Citizen ( %p.a. ) |
|---|---|---|
| 7 Days to 14 Days | 3.00 | 3.50 |
| 15 Days to 29 Days | 3.05 | 3.55 |
| 30 Days to 59 Days | 3.25 | 3.75 |
| 60 Days to 89 Days | 4.00 | 4.50 |
| 90 Days to 93 Days | 5.00 | 5.50 |
| 94 Days | 5.00 | 5.50 |
| 95 Days to 399 Days | 5.00 | 5.50 |
| 400 Days | 5.20 | 5.70 |
| 401 Days to less than 18 months | 5.00 | 5.50 |
| 18 months to 730 Days | 5.25 | 5.75 |
| 731 Days | 5.35 | 5.85 |
| 732 Days to less than 36 months | 5.00 | 5.50 |
| 36 months to less than 37 months | 5.50 | 6.00 |
| 37 months to less than 60 months | 5.00 | 5.50 |
How to apply
To invest in the HSBC fixed deposit plan you can apply online through net banking. If you are not comfortable with online banking you can download the form from the bank website and submit the same at the nearest branch office.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹10,000 |
| Minimum Tenure | 7 days |
| Premature Withdrawal | Allowed (interest paid at penal rates which is 1% less than prevailing rates) |
| Renewal | Auto renewal at maturity in case, no information is given |
| Special Interest Rate | Additional interest of 0.50% is paid to senior citizen |
| TDS | Applicable |
| Nomination Facility | Available |
HSBC Fixed Deposit Calculator
The calculator helps you to calculate the maturity value of the investment. It finds out the amount of interest earned on the principal value over the period of investment.
HSBC Fixed Deposit Application Form
The application form is available online at the bank’s official website. The downloaded form is to be duly filled and submitted at the nearest branch office. The form will be accepted if the following details are filled:
- Personal details
- In case of joint account, details of the joint holder
- PAN details
- Account details
- Maturity instructions
| ID Proof | Address Proof |
|---|---|
| Passport | Passport |
| PAN Card | Telephone Bill |
| Driving Licence | Electricity Bill |
| Voter ID | ID Card Issued by Post Office |
| Government ID Card | Bank Statement with Cheque |
| Senior Citizen ID Card | Any other ID proof or address proof document can be submitted subject to bank's satisfaction |
Features and Benefits
- Assured returns
- Wide range of tenure
- Auto renewal at maturity in absence of prior instruction
- Interest paid at special rates on selected tenures