NEWS & ADVICE : FIXED DEPOSITS
Fixed deposit rates raised by HSBC
By Neelima Shankar
Feb 14, 2011
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The Indian operations of foreign lender, HSBC has raised interest rates on domestic fixed deposits in the range of 50-75 basis points across selected maturities.

The revised rates have come into effect from February 9, 2011.

Interest rates have been raised for deposits having tenor in the range of 270-365 days to 8.5%.

Deposits having maturity of 36-37 months will now fetch the depositor an interest of 7.75%.

Senior citizens will be offered interest of 50 bps more on all rates.

Interest rates for senior citizens will be as high as 9% for depostirs of maturity of 1 year and 8.5% for the 731 days deposits.


 


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