HSBC Bank revises fixed deposit interest rates

The maximum interest rate on fixed deposits maturing in 732 days or less than 36 months will now be 6% for the general public and 6.50% for senior citizens, according to HSBC Bank.

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HSBC Bank India, a global financial institution with a branch in India, has changed the interest rates on fixed deposits under Rs 2 crore. The new rates will go into effect on August 25, 2022, according to the bank’s official website. Following the revision, the bank now guarantees interest rates on fixed deposits maturing in 7 days to 60 months ranging from 2.50% to 4.00% for the general public and 3.00% to 4.50% for senior citizens. On fixed deposits maturing in 732 days to less than 36 months, HSBC Bank will now offer a maximum interest rate of 6% for the general public and 6.50% for senior citizens.

FD Rates at HSBC Bank India 

The bank will now offer a 2.50% interest rate on fixed deposits maturing in 7 days and a 2.60% interest rate on fixed deposits maturing in 8 days to 14 days. The interest rate on fixed deposits with maturities between 15 and 29 days has risen to 2.85%, while the rate on term deposits with maturities between 30 and 59 days has risen to 3.10%. HSBC Bank India will now offer an interest rate of 3.30% on fixed deposits maturing in 60 to 89 days, and 3.50% on fixed deposits maturing in 90 to 179 days.

The bank will now pay 3.75% interest on fixed deposits maturing in 180 days, and HSBC Bank will pay 3.00% interest on fixed deposits maturing in 181 to 269 days. Fixed deposits maturing in 270 to 399 days will receive a 3.10% interest rate, while term deposits maturing in 400 days will receive a 3.25% interest rate. HSBC Bank India now guarantees an interest rate of 3.30% on fixed deposits maturing in 401 days to less than 18 months, and an interest rate of 5.75% on deposits maturing in 18 months to 599 days.

Fixed deposits maturing in 600 days will receive a new interest rate of 3.75%, while term deposits maturing in 601 to 699 days will receive a revised interest rate of 3.30%. HSBC Bank India is now offering a 3.75% interest rate on fixed deposits maturing in 700 days, as well as a 3.50% interest rate on fixed deposits maturing in 701 days to 731 days. The bank now promises a maximum interest rate of 6% on fixed deposits maturing in 732 days to less than 36 months and a rate of 4.00% on term deposits maturing in 36 months to 60 months.