HSBC Bank Fixed Deposit

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 Days3.003.50
15 Days to 29 Days3.10 3.60
30 Days to 59 Days3.253.75
60 Days to 89 Days4.254.75
90 Days to 93 Days 5.005.50
94 Days6.00 6.50
95 Days to 399 Days5.005.50
400 Days6.256.75
401 Days to less than 18 months5.00 5.50
18 months to 730 Days6.507.00
731 Days 5.00 5.50
732 Days to less than 36 months5.00 5.50
36 months to less than 48 months5.005.50
 

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.

ParticularsDetails
Minimum Investment Amount ₹10,000
Minimum Tenure 7 days
Premature Withdrawal Allowed (interest paid at penal rates which is 1% less than prevailing rates)
RenewalAuto renewal at maturity in case, no information is given
Special Interest Rate Additional interest of 0.50% is paid to senior citizen
TDSApplicable
Nomination FacilityAvailable

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
PassportPassport
PAN Card Telephone Bill
Driving Licence Electricity Bill
Voter IDID Card Issued by Post Office
Government ID CardBank Statement with Cheque
Senior Citizen ID CardAny 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

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