HSBC India ups resident fixed deposit rates by 0.5-0.75%
Banking major HSBC India today said that it has upped its resident fixed deposit rates by 0.5% to 0.75% on select maturities.
February 11, 2011 / 14:27 IST
Banking major HSBC India today said that it has upped its resident fixed deposit rates by 0.5% to 0.75% on select maturities.
The new rates are applicable with effect from February 9, the bank said in a statement here. For deposits of a term of 270-days to 12-months, the interest rate has been increased by 0.5% to 8.5%.For a term of 36-months to 37-months, the rate has been increased by 0.75% to 7.75%, the statement said.Senior citizens (above 60-years) will receive an additional 0.5% over the board rates.The fixed deposit rate available to senior citizens will be as high as nine per cent per annum for 12-months and 8.5% per annum for 731-days, the statement said. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
