HSBC Bank changes interest rates on fixed deposits, check latest rates

Highlights

Revision of interest rates on FDs below Rs 2 crore.
HSBC Bank’s new FD rates effective from September 12, 2022.
HSBC Bank offers a maximum interest rate of 6.00% on FDs.

New Delhi. Leading international bank HSBC Bank has changed the interest rates on Fixed Deposits. The bank has revised interest rates on FDs below Rs 2 crore.

According to the official website of HSBC Bank, the new interest rates of the bank have become effective from September 12, 2022. After the change, the bank is now guaranteeing an interest rate of 2.50 percent to 4.00 percent for the general public on FDs maturing in 7 days to 60 months.

Also read- Utsav Deposit: Opportunity to earn more interest on SBI FD, know details

hsbc bank fd rates
7 days – 2.50 percent
8-14 days – 2.60 percent
15-29 days – 2.85 percent
30-59 days – 3.10 percent
60-89 days – 3.30 percent
90-179 days – 3.50 percent
180 days – 3.75 percent
181 to 269 days – 3.00 percent
270 to 399 days – 3.10 percent
400 days – 3.25 percent
401 days to less than 18 months – 5.75 percent
18 months to 599 days – 3.30 percent
600 days – 3.75 percent
601 to 699 days – 3.30 percent
700 days – 3.75 percent
701 to 731 days – 3.50 percent
732 days to less than 36 months – 6.00 percent
36 months to 60 months – 4%

Recently RBI increased the repo rate by 0.5 percent to 5.4 percent.
It is worth noting that recently the Reserve Bank of India increased the repo rate by 0.5 percent to 5.4 percent. RBI has increased the policy rate repo by 1.40 percent in the last 3 monetary policy reviews.

Many banks have increased the rates of fixed deposits
Let us inform that recently Bank of Baroda, Punjab National Bank, Federal Bank, HDFC Bank, Karud Vysya Bank, IndusInd Bank, ICICI Bank etc. have also increased their FD rates. This process of increasing the rates has started after the increase in the repo rates by the RBI.

Tags: Bank FD, FD Rates, Fixed deposits, Money Making Tips

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