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Interest Rates for Resident / NRO Term Deposits
Currency of Deposit: Indian Rupee (INR)
Interest Rates for Deposits below INR 15 lacs with effect from 2 September 2010
| Term / Amount | INR 10,000 - INR 1,499,999 | |
| Interest Rate (% p.a.) | Senior Citizen's* Interest Rate (% p.a.) | |
| 15 to 29 Days | 4.00 | 4.25 |
| 30 to 59 Days | 4.25 | 4.50 |
| 60 to 89 Days | 4.50 | 4.75 |
| 90 to 179 Days | 5.25 | 5.50 |
| 180 to 269 Days | 6.70 | 6.95 |
| 270 Days to 12 months | 6.70 | 6.95 |
| 366 to 399 Days | 7.00 | 7.25 |
| 400 Days | 7.60 | 7.85 |
| 401 Days to less than 18 months | 7.00 | 7.25 |
| 18 months to 730 days | 7.00 | 7.25 |
| 731 Days | 7.25 | 7.50 |
| 732 Days to less than 36 months | 7.25 | 7.50 |
| 36 months to less than 37 months | 7.40 | 7.65 |
| 37 months to less than 48 months | 7.40 | 7.65 |
| 48 months to 60 months | 7.50 | 7.75 |
Interest Rates for Deposits INR 15 lacs & above and below INR 50 lacs with effect from 02 September 2010
| Term / Amount | INR 1,500,000 - INR 4,999,999 | |
| Interest Rate (% p.a.) | Senior Citizen's* Interest Rate (% p.a.) | |
| 15 to 29 Days | 4.00 | 4.25 |
| 30 to 59 Days | 4.25 | 4.50 |
| 60 to 89 Days | 4.50 | 4.75 |
| 90 to 179 Days | 4.75 | 5.00 |
| 180 to 269 Days | 4.50 | 4.75 |
| 270 Days to 12 months | 4.80 | 5.05 |
| 366 to 399 Days | 5.25 | 5.50 |
| 400 Days | 5.50 | 5.75 |
| 401 Days to less than 18 months | 5.40 | 5.65 |
| 18 months to 730 days | 5.60 | 5.85 |
| 731 Days | 6.00 | 6.25 |
| 732 Days to less than 36 months | 6.00 | 6.25 |
| 36 months to less than 37 months | 6.40 | 6.65 |
| 37 months to less than 48 months | 6.40 | 6.65 |
| 48 months to 60 months | 6.75 | 7.00 |
Interest Rates for Deposits INR 50 lacs & above and below INR 1 crore with effect from 02 September 2010
| Term / Amount | INR 5,000,000 - INR 9,999,999 | |
| Interest Rate (% p.a.) | Senior Citizen's* Interest Rate (% p.a.) | |
| 15 to 29 Days | 4.00 | 4.25 |
| 30 to 59 Days | 5.25 | 5.50 |
| 60 to 89 Days | 5.50 | 5.75 |
| 90 to 179 Days | 6.05 | 6.30 |
| 180 to 269 Days | 6.35 | 6.60 |
| 270 Days to 12 months | 4.80 | 5.05 |
| 366 to 399 Days | 5.25 | 5.50 |
| 400 Days | 7.60 | 7.85 |
| 401 Days to less than 18 months | 5.40 | 5.65 |
| 18 months to 730 days | 5.60 | 5.85 |
| 731 Days | 6.00 | 6.25 |
| 732 Days to less than 36 months | 6.00 | 6.25 |
| 36 months to less than 37 months | 6.40 | 6.65 |
| 37 months to less than 48 months | 6.40 | 6.65 |
| 48 months to 60 months | 6.75 | 7.00 |
Note : Rates for Fixed Deposit amounts equal to or exceeding INR 15,00,000 are updated everyday, Monday to Saturday. We request you to kindly check for rates applicable today at your nearest HSBC branch in India or call Phone Banking before placing fixed deposits as it may be possible that the rates on this webpage are getting updated while you view them.
* 366 days = 12 months for all term deposits made on or before February 29, 2004.
** A senior citizen is defined as a person above the age of 60 years. Senior Citizens' Interest Rates are applicable only to Resident Indians on Domestic Fixed Deposits.
Incase of Joint accountholders where one of the account holder is a Senior Citizen, kindly note that Senior Citizen Term Deposit Interest Rate will only be applicable provided the Senior Citizen is the 'First holder' on the said term deposit.
Please speak to our Customer Service Officers at our branches or call Phone Banking for rates on:
- Exchange Earners Foreign Currency Accounts
Customers registered for Internet Banking can view interest rates by logging into Internet Banking.
Note :
- Resident / NRO Deposits are subject to TDS, where applicable. Indian tax information given herein is general and is not meant to constitute, and therefore should not be construed, as advice. The tax consequences are also based on individual facts and circumstances. As such, prior professional tax advice should be sought to fully understand and appreciate the Indian tax implications.
- Interest on Savings Accounts is paid every quarter. Method of interest rate calculation:
i) Rupee Time deposits held in Domestic, Ordinary Non-Resident (NRO) and Non-Resident (External) NRE Accounts -
In case of cumulative deposits, interest is compounded quarterly and the basis of interest calculation is 28-31/365. For term deposit with tenor less than three months or where the terminal quarter is incomplete, interest is calculated proportionately for the actual number of days reckoning the year at 365 days (365 days for leap years).In case of non-cumulative deposits, interest is paid out quarterly or half yearly as preferred by customer. This is effective for all Term Deposits placed / renewed on or after 20 Jan 2009.
ii) FCNR Deposit Accounts -
In case of cumulative deposits, the interest on the deposits for more than one year accepted under this scheme is compounded at intervals of 180 days each and thereafter for remaining actual number of days. In case of non-cumulative deposits, interest is paid out half yearly.
- Interest rates are subject to change without any prior notice
