HSBC Bank Fixed Deposit (FD) Interest Rates 2025

HSBC Bank offers different Fixed Deposit (FD) schemes to cater to the needs of different classes of people. Fixed deposit schemes offer security and higher returns as compared to regular saving schemes. Fixed deposit schemes allow people to invest money for a pre-specified period, post which the bank will pay a fixed rate for the deposit period.

Here is all that you need to know about HSBC Bank’s fixed deposit schemes
The CBDT notifies Form 12BBA, a declaration form, to be submitted by the eligible senior citizens to the specified banks to take relief from filing the ITR.

In Budget 2021, it has been proposed to exempt senior citizens from filing income tax returns if pension income and interest income are their only annual income sources. Section 194P has been newly inserted to enforce that banks deduct tax on senior citizens of more than 75 years of age who have a pension and interest income from the bank.

This is the Latest FD Interest Rates 2025 for HSBC Bank

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 15 July 2024.

* Interest rates are subject to change from time to time.

Different Types of HSBC Bank FD Schemes

HSBC Bank offers HSBC fixed deposit account for customers as a way to create wealth at low risk. The minimum deposit amount to open the account is Rs.10,000.

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

• 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

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.

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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