NEWS & ADVICE : FIXED DEPOSITS
Interst rates hiked by HSBC
By Neelima Shankar
Aug 4, 2011
Print    Email    RSS   

Foreign lender HSBC has announced a hike in its lending rates by 50 bps. The base rate of the bank now stands at 9.75% as compared to 9.25% earlier.

With this hike, all loans would also see a rise in effective lending rates. The effective lending rates have however not been disclosed so far.

The lender has also raised its NRO/resident fixed deposit rates.

The deposit rates for the 365 days deposit has been raised by 50 bps. Thus general citizens would receive 9% interest on 1 year deposit while senior citizens would be able to avail 9.5%.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Calculate your tax
The new avatar of savings account would...
12 point conduct checklist for bank and...
FMPs or FDs: Make an informed choice
ICICI Bank’s recurring deposit scheme


Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive