Money & Banking

HSBC hikes fixed deposit rates

| | Updated on: Feb 11, 2011

HSBC India has hiked its interest rates on resident fixed deposits by 50 basis points for a term of 270-days to 12 months and by 75 bps for a term of 36-months to 37 months with immediate effect, said a press release from the bank.

Senior citizens will receive an additional 0.5 per cent interest over the board rates. The fixed deposit rate available to senior citizens is 9 per cent for 12 months and 8.5 per cent for 731 days, the release said.

Published on February 11, 2011

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