HSBC India

Place a Fixed Deposit online and get an umbrella from HSBC for free*! Hurry! Offer valid till 12 September 2011 only.

Features and Benefits:

	Open a Fixed Deposit with amounts as low as 20,000/-
	Attractive interest rates
	Wide range of tenors to choose from
	Internet Banking facility to check details of Fixed Deposit Account online

Click here to know how to place a Fixed Deposit online through HSBC’s Internet Banking

* Click here for offer Terms and Conditions

Issued by The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). Incorporated in Hong Kong SAR with limited liability.

Important Information

Resident Deposits are subject to TDS, where applicable
Interest on Savings Account will be paid every half-year (or at the time of termination of the account - if closed before the next interest payment date)

^#Interest rates are subject to change from time to time. Please check the applicable interest rates and Account rules on
HSBC Fixed Deposit displayed at our branches or visit our website hsbc.co.in before placing a Fixed Deposit.

The Bank, on request from a depositor, would allow withdrawal of a Fixed Deposit before completion of the period of the deposit agreed upon at the time of placement of the deposit subject to penalty on premature withdrawal of Fixed Deposit as may be applicable as per the table appended below:

Penal Rates
Date of placement of Fixed Deposit (FD)	FD Value: < 1.5 Mn	FD Value: 1.5 Mn < 40 Mn	FD Value: 40 Mn and above
On or before 31 March 2011	1%	1%	1%
On or after 01 April 2011	1%	1.5%	2%

The interest paid will be lower by the Penal Rate (as may be applicable to the value and date of placement of the Fixed Deposit as defined in the above table) than the rate prevailing on the date of placement of the deposit for the period for which the deposit remained with the Bank or the contractual rate whichever is lower. No interest will be paid on premature withdrawals of deposit which has remained with the Bank for less than the minimum period for which deposits were being accepted for the said currency and deposit type, as on the date of placement of deposit.

Method of interest rate calculation:
Rupee Time deposits held in Domestic, Ordinary Non-Resident (NRO) and Non-Resident (External) NRE Accounts. In case of cumulative deposits, interest is compounded quarterly and the basis of interest calculation is 28-31/365. For term deposit with tenor less than three months or where the terminal quarter is incomplete, interest is calculated proportionately for the actual number of days reckoning the year at 365 days (365 days for leap years).
In case of non-cumulative deposits, interest is paid out quarterly or half yearly as preferred by customer.

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