Why choose a HSBC Fixed Deposit Account?

HSBC Fixed Deposits let you make the most of value-added benefits as you create wealth at low risk.

 

Features & Benefits:

  • You can now open a Fixed Deposit online in a few steps with INR10,000 only
  • Enjoy high interest rate on your HSBC Fixed Deposits and avail of our special interest rates for select tenures (consult your Customer Service Officer on available options)
  • Choose the best tenure from a wide range as per your convenience

Ways to open:

Online, Branch, Phone

Interest Rates

Fixed Deposit Interest Rates for Resident with effect from 08 August 2019
 
Tenure

Board rates (Below INR 20 M) *

Senior Citizen Interest Rate

7 Days 3.00 3.50
8 Days 3.00 3.50
9 to 14 Days 3.00 3.50
15 to 29 Days 3.05 3.55
30 to 59 Days 3.25 3.75
60 to 89 Days 4.00 4.50
90 to 93 Days 5.50 6.00
94 Days 5.00 5.50
95 to 179 Days 5.00 5.50
180 Days 5.00 5.50
181 to 269 Days 5.00 5.50
270 Days to 364 Days 5.00 5.50
365 Days 5.00 5.50
366 Days to 399 Days 5.00 5.50
400 Days 5.75 6.25
401 Days to less than 18 months 5.00 5.50
18 months to  730 days
5.50
6.00
731 Days 6.00 6.50
732 days to  less than 36 months
5.00 5.50
36 months to  less than 37 months
6.00 6.50
37 months to less than 48 months
5.00 5.50
48 months to  60 months
5.00 5.50
Fixed Deposit Interest Rates for Resident with effect from 08 August 2019
 
Tenure
7 Days

Board rates (Below INR 20 M) *

3.00

Senior Citizen Interest Rate

3.50
Tenure
8 Days

Board rates (Below INR 20 M) *

3.00

Senior Citizen Interest Rate

3.50
Tenure
9 to 14 Days

Board rates (Below INR 20 M) *

3.00

Senior Citizen Interest Rate

3.50
Tenure
15 to 29 Days

Board rates (Below INR 20 M) *

3.05

Senior Citizen Interest Rate

3.55
Tenure
30 to 59 Days

Board rates (Below INR 20 M) *

3.25

Senior Citizen Interest Rate

3.75
Tenure
60 to 89 Days

Board rates (Below INR 20 M) *

4.00

Senior Citizen Interest Rate

4.50
Tenure
90 to 93 Days

Board rates (Below INR 20 M) *

5.50

Senior Citizen Interest Rate

6.00
Tenure
94 Days

Board rates (Below INR 20 M) *

5.00

Senior Citizen Interest Rate

5.50
Tenure
95 to 179 Days

Board rates (Below INR 20 M) *

5.00

Senior Citizen Interest Rate

5.50
Tenure
180 Days

Board rates (Below INR 20 M) *

5.00

Senior Citizen Interest Rate

5.50
Tenure
181 to 269 Days

Board rates (Below INR 20 M) *

5.00

Senior Citizen Interest Rate

5.50
Tenure
270 Days to 364 Days

Board rates (Below INR 20 M) *

5.00

Senior Citizen Interest Rate

5.50
Tenure
365 Days

Board rates (Below INR 20 M) *

5.00

Senior Citizen Interest Rate

5.50
Tenure
366 Days to 399 Days

Board rates (Below INR 20 M) *

5.00

Senior Citizen Interest Rate

5.50
Tenure
400 Days

Board rates (Below INR 20 M) *

5.75

Senior Citizen Interest Rate

6.25
Tenure
401 Days to less than 18 months

Board rates (Below INR 20 M) *

5.00

Senior Citizen Interest Rate

5.50
Tenure
18 months to  730 days

Board rates (Below INR 20 M) *

5.50

Senior Citizen Interest Rate

6.00
Tenure
731 Days

Board rates (Below INR 20 M) *

6.00

Senior Citizen Interest Rate

6.50
Tenure
732 days to  less than 36 months

Board rates (Below INR 20 M) *

5.00

Senior Citizen Interest Rate

5.50
Tenure
36 months to  less than 37 months

Board rates (Below INR 20 M) *

6.00

Senior Citizen Interest Rate

6.50
Tenure
37 months to less than 48 months

Board rates (Below INR 20 M) *

5.00

Senior Citizen Interest Rate

5.50
Tenure
48 months to  60 months

Board rates (Below INR 20 M) *

5.00

Senior Citizen Interest Rate

5.50

Currency of Deposit: Indian Rupee (₹)

Interest Rates for Deposits below ₹2 Crore with effect from 02 April 2019.

For rates greater than ₹2 Crore, please click here

Floating rate overnight Mibor (M) linked deposits*

Floating rate overnight Mibor (M) linked deposits*

Tenure

₹10,000 - ₹19,999,999 Interest Rate (% p.a.)

7-9 Days

M-300

10-14 Days

M-300

15-29 Days

M-300

30-59 Days

M-300

60-89 Days

M-200

90-119 Days

M-110

120-179 Days

M-110

180-364 Days

M-120

365 Days - 60 Months

M-120
Floating rate overnight Mibor (M) linked deposits*

Tenure

7-9 Days

₹10,000 - ₹19,999,999 Interest Rate (% p.a.)

M-300

Tenure

10-14 Days

₹10,000 - ₹19,999,999 Interest Rate (% p.a.)

M-300

Tenure

15-29 Days

₹10,000 - ₹19,999,999 Interest Rate (% p.a.)

M-300

Tenure

30-59 Days

₹10,000 - ₹19,999,999 Interest Rate (% p.a.)

M-300

Tenure

60-89 Days

₹10,000 - ₹19,999,999 Interest Rate (% p.a.)

M-200

Tenure

90-119 Days

₹10,000 - ₹19,999,999 Interest Rate (% p.a.)

M-110

Tenure

120-179 Days

₹10,000 - ₹19,999,999 Interest Rate (% p.a.)

M-110

Tenure

180-364 Days

₹10,000 - ₹19,999,999 Interest Rate (% p.a.)

M-120

Tenure

365 Days - 60 Months

₹10,000 - ₹19,999,999 Interest Rate (% p.a.)

M-120

*For Corporate customers only

Apply for a HSBC Fixed-deposit Account

Useful Links

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Important Information

Other Terms & Conditions

Note: Fixed deposits below INR 1 crore can be booked on-line. While booking on-line, please note the interest rate on offer, as all interest rates are subject to change from time to time. The interest rates for bulk deposits of INR 1 crore or above may change at daily frequencies and you may contact your relationship manager or nearest bank branch to know the interest rate offered by the Bank.

Deposits placed for 1 year/12 months will have 365 days effective 01 March 2016 

* 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.

With effect from 1st April 2010, interest on the savings bank accounts will be calculated on daily product basis. The interest will be credited to your account on a quarterly basis as per RBI Master Direction on Interest on Deposits dated March 03, 2016 with effect from 01 July 2016. For the period after 1st July 2016, savings account interest for the quarter year from July to September would be credited in the following month of October and interest for the quarter year from October to December would be credited in the following month of January.

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.

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