HSBC India has expanded interest rates on homegrown fixed stores of not as much as Rs 2 crore. The bank’s official website states that the new rates took effect on December 19, 2022.
As a result of the most recent change, the bank now offers interest rates on deposits with maturities ranging from 7 days to 60 months that range from 2.85 percent to 6.0 percent for the general public and from 3.35 percent to 6.5 percent for senior citizens.
On deposits maturing in three years to under 37 months, HSBC India is presently giving senior residents a most extreme standard loan fee of 7% and 7.50 percent.
The bank offers an interest rate of 2.85 percent on deposits that mature in seven to eight days. On deposits that mature between 9 and 29 days later, HSBC India offers an interest rate of 3%. For FDs with maturities ranging from 30 to 59 days and 60 to 89 days, HSBC India offers interest rates of 3.40 percent and 3.60 percent, respectively.
Deposits with maturities of 90 to 94 days and 95 to 179 days will now receive interest at rates of 3.80% and 4.0%, respectively.
The bank offers an interest rate of 4.50 percent on deposits that mature in 180 days, while HSBC Bank offers an interest rate of 3.25 percent on deposits that mature in 181 to 269 days. For deposits with a maturity date of 400 days or less, HSBC Bank offers interest rates of 3.25 percent and 3.10 percent, respectively.
The interest rate on deposits that are due in the next 401 days to less than 18 months is now 6.25 percent, while the interest rate on deposits that are due in the next 18 months to 599 days is 3.30 percent.
On FDs with maturities ranging from 601 to 699 days and 600 days, the bank charges a 3.75 percent interest rate. Interest rates at HSBC Bank are 3.30 percent. HSBC Bank will pay 3.75 percent interest on deposits that mature in 700 days, and 3.50 percent interest on deposits that mature in 701 to 731 days.
The interest rate on deposits with a maturity date of 732 days or less is 6.50%, while the interest rate on deposits with a maturity date of 36 months or less is 7.00%. For FDs with maturities ranging from 37 to 60 months, HSBC Bank offers an interest rate of 6.00%.
