HSBC Bank Fixed Deposit (FD) Interest Rates 2025
HSBC Bank offers Fixed Deposit (FD) scheme offering security and high returns, allowing people to invest money for a pre-defined period, after which the bank will pay a fixed interest rate. The interest rates ranges from 2.85% - 7.50% p.a., with a minimum deposit of Rs. 10,000 and tenure ranging 7 days to 5 years. Keep reading this blog to know more about HSBC Fixed Deposit and its interest rates.
Highlights for 2025 Fixed Deposit Scheme of HSBC Bank
Tenure | 7 days to 5 years |
Senior Citizen Interest Rates | 3.35- 8.00% p.a. |
Public Interest Rates | 2.85-7.50% p.a. |
Highest Interest Rates for Public | 7.50% p.a. |
Highest Interest Rates for Senior Citizens | 8.00% p.a. |
Premature Withdrawal | 1% penalty |
Minimum Deposit Amount | Rs 10,000 |
Fixed Deposit Interest Rates 2025 of HSBC Bank
The table below shows the interest rates offered for deposits less than Rs.3 crore effective from October 3, 2024.
| Deposit Tenure | Interest Rate for Regular Customers (% p.a.)* | Interest Rate for Senior Citizens (% p.a.)* |
| 7 days | 2.85 | 3.35 |
| 8 days | 2.85 | 3.35 |
| 9 days to 14 days | 3.00 | 3.50 |
| 15 days to 29 days | 3.00 | 3.50 |
| 30 days to 59 days | 3.40 | 3.90 |
| 60 days to 89 days | 3.60 | 4.10 |
| 90 days to 93 days | 3.80 | 4.30 |
| 94 days | 3.80 | 4.30 |
| 95 days to 179 days | 4.00 | 4.50 |
| 180 days | 4.50 | 5.00 |
| 181 days to 269 days | 3.25 | 3.75 |
| 270 days to 364 days | 3.70 | 4.20 |
| 365 days | 4.00 | 4.50 |
| 366 days to 399 days | 4.00 | 4.50 |
| 400 days | 3.25 | 3.75 |
| 401 days to less than 18 months | 6.25 | 6.75 |
| 18 months to 599 days | 4.10 | 4.60 |
| 600 days | 3.75 | 4.25 |
| 601 days to 699 days | 7.50 | 8.00 |
| 700 days | 3.75 | 4.25 |
| 701 days to 730 days | 4.25 | 4.75 |
| 731 days | 4.25 | 4.75 |
| 732 days to less than 36 months | 6.50 | 7.00 |
| 36 months to less than 37 months | 7.00 | 7.50 |
| 37 months to less than 48 months | 6.00 | 6.50 |
| 48 months to 60 months | 6.00 | 6.50 |
* Interest rates are subject to change from time to time.
Different Types of HSBC Bank FD Schemes
Scheme | Interest Payout | Tenure | Minimum Deposit | Key features
|
Cumulative FD | At maturity | 7 days to 5 years | ₹10,000 | It is for Individuals seeking growth through accumulation of interest over time. It is taxable in India and non-repatriable. |
Ordinary FD | Periodic (monthly or quarterly) | 7 days to 5 years | ₹10,000 | Individuals seeking regular income from their deposit. It is taxable in India and non-repatriable. |
NRE Deposit | At the time of maturity or quarterly | 1 to 5 years | ₹25,000 | NRIs looking to park foreign earnings with tax-free returns and full repatriability. |
NRO Deposit | At the time of maturity or periodically | 7 days to 5 years | ₹25,000 | NRIs with income earned in India, seeking growth or regular income from their deposit. It is taxable in India, and the interest is repatriable while the principal is not repatriable. |
FCNR (B) Deposit | At the time of maturity or half-yearly | 1 to 5 years | Varies by currency | NRIs want to hold deposits in foreign currencies to hedge against exchange rate fluctuations. It is tax-free in India and fully repatriable. |
RFC Deposit | At the time of maturity | 1 to 3 years | Varies by currency | Returning NRIs wishing to hold funds in foreign currencies with full repatriability. It is taxable in India and fully repatriable |
Term-wise HSBC Bank FD Rates
Deposit Tenure | General Customers | Senior Citizens |
Short-Term Deposits | ||
7 days to 1 year | 2.85% - 4.00% | 3.35% - 4.50% |
Medium-Term Deposits | ||
1 - 3 years | 4.00% - 7.50% | 4.50% - 8.00% |
Long-Term Deposits | ||
3 -5 years | 6.00% - 7.00% | 6.50% - 7.50% |
Special Features and Benefits of HSBC Bank FD
- Get attractive interest rates on FD accounts.
- The minimum deposit required to open an FD account is Rs.10,000.
- The minimum deposit tenure is seven days.
- Special interest rates are offered on specific tenures.
- Senior citizens can get a 0.5% additional interest rate over and above the regular rates.
- Flexibility to choose a deposit tenure from the wide range of options.
- Premature withdrawal is allowed subject to penalty and other conditions.
Basic Eligibility Criteria for HSBC Bank FD
- Resident individuals
- Non-resident Indians
- Minors
Documents Required for HSBC Bank FD
- Proof of Identity
- Passport
- PAN card
- Voter ID
- Driver’s license
- Aadhaar card
- Proof of Address
- Passport
- Aadhaar card
- Bank statement with a cheque
- Proof of Date of Birth
- Service discharge certificate
- PAN card
- Aadhaar card
- Voter ID
How to invest in HSBC Bank FD?
HSBC Bank Internet Banking
Step 1: Go to the HSBC Internet Banking website and log in to your account.
Step 2: Click 'Accounts' and 'Open New Fixed Deposit'.
Step 3: Choose the type, currency, and tenure for your FD.
Step 6: Select the account from which funds will be utilised to open your FD account.
Step 7: Enter the FD amount in 'Amount to Debit'.
Step 8: Click on 'Open'. A summary of all the details you entered will be displayed.
Step 9: Click on 'Confirm' to open your Fixed Deposit.
Visiting the HSBC Bank Branch
Step 1: Visit an HSBC Bank branch and request an FD application form.
Step 3: Submit the completed form along with the required documents.
Step 4: Deposit the amount you wish to invest in the FD.
Step 5: HSBC Bank will provide an FD receipt once it is processed.
Tax Benefits on HSBC Bank Fixed Deposit
If the interest earned on your fixed deposit is more than Rs 40,000 (Rs.50,000 for senior citizens) during the financial year, the bank deducts tax at source at 10%. This rate has been reduced to 7.5% due to COVID-19 pandemic during the period from May 2020 to March 2021.
HSBC vs Other Banks' FD Rates
Bank Name | Regular Customers (% p.a.) | Senior Citizens (% p.a.) |
HDFC Bank | 3.00% – 7.35% | 3.50% – 7.85% |
Punjab National Bank | 4.55% – 7.30% | 5.05% – 7.80% |
Axis Bank | 3.00% – 7.20% | 3.50% – 7.70% |
City Union Bank | 5.00% – 7.50% | 5.00% – 8.00% |
Canara Bank | 4.00% – 7.25% | 4.00% – 7.75% |
Bank of Baroda | 4.25% – 7.25% | 4.75% – 7.75% |
ICICI Bank | 3.00% – 7.25% | 3.50% – 7.80% |
HSBC Bank | 2.85-7.50% p.a. | 3.35- 8.00% p.a. |
Citibank | 2.10% – 7.77% | 2.60% – 8.27% |
State Bank of India | 3.50% – 7.10% | 4.00% – 7.60% |
Indian Overseas Bank | 4.00% – 7.30% | 4.50% – 7.80% |
IDBI Bank | 3.00% – 7.00% | 3.50% – 7.50% |
Indian Bank | 2.80% – 7.25% | 3.30% – 7.75% |
IDFC First Bank | 3.00% – 7.75% | 3.50% – 8.25% |
Post Office FD | 6.90% – 7.50% | 6.90% – 7.50% |
Kotak Bank | 2.75% – 7.40% | 3.25% – 7.90% |
FD Interest Rate Calculator
Our FD calculator page helps you predict the returns from an FD account accurately so you can make informed decisions regarding money management.
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