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.
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.
HSBC Bank FD rates
- 7 days – 2.50 per cent
- 8-14 days – 2.60 per cent
- 15-29 days – 2.85 per cent 30-59
- days – 3.10 per cent 60-89
- days – 3.30 per cent 90-179
- days – 3.50 per cent
- 180 days – 3.75 per cent
- 181 to 269 days – 3.00 per cent
- 270 to 399 days – 3.10 per cent
- 400 days – 3.25 per cent
- 401 days to less than 18 months – 5.75 per cent
- 18 months to 599 days – 3.30 per cent
- 600 days – 3.75 per cent
- 601 to 699 days – 3.30 per cent
- 700 days – 3.75 per cent
- 701 to 731 days – 3.50 per cent
- 732 days to less than 36 months – 6.00 per cent
- 36 months to 60 months – 4 per cent
Recently, RBI had increased the repo rate by 0.5 percent to 5.4 percent.
Significantly, 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 tell you 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.
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