| AC 22877 |
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Issued by The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India). Incorporated in Hong Kong SAR with
limited liability. |
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| 1Interest rates are subject to change from time to time without prior notice. Please check the applicable interest rates for other tenures and Account rules on HSBC India NRO Fixed Deposits prior to placing a Fixed Deposit.
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| 2SmartMoney Facility is a fluctuating overdraft facility available at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India). Terms and Conditions apply. Interest on amount overdrawn will be charged at the rate of 2% over the weighted average of the interest rates applicable to the linked Fixed Deposits, subject to a maximum of the Bank's Prime Lending Rate as may be declared by the Bank from time to time.
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| NRI deposits are under the Reserve Bank of India programme for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programmes, are subject to the sovereign risk arising from, and governed by the laws of, or any changes to the laws of India. NRI deposits/accounts are held with The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India), and are not insured by any insurance company or corporation outside India and are payable only at the branch of the Bank in India where the deposit is made. |
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| NR accounts and NRI Services are offered by The Hongkong and Shanghai Banking Corporation Limited in India (HSBC India) under the Reserve Bank of India Non-Resident Indian Program. |
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| Approved for issue in the UK by HSBC Bank plc. We remind UK citizens and UK residents that deposits with HSBC India are not subject to the rules made under the Financial Service and Markets Act 2000 for the protection of private customers, including the Financial Services Compensation Scheme. |
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| NRI accounts and services are offered by The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India). HSBC India is a branch of The Hongkong and Shanghai Banking Corporation Limited. The Hongkong and Shanghai Banking Corporation Limited has a Representative Office in the UAE Licensed by the Central Bank of the United Arab Emirates. |
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| For Residents within Kingdom of Bahrain, we remind you that deposits made with HSBC India do not benefit from the protection provided under the Deposit Protection Scheme established by the Central Bank of Bahrain regulation concerning the establishment of a Deposit Protection Scheme and a Deposit Protection Board.
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| Deposits / accounts held with HSBC India are not protected by the Hong Kong Deposit Protection Scheme.
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| Important Information
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Minimum amount for Domestic Rupee Fixed Deposit is  10,000. To qualify for the above offer a single Fixed Deposit of 1,00,000 or above is to be placed within the offer period. |
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| HSBC India NRO Fixed Deposits are available for other tenures. Kindly visit hsbc.co.in for details. |
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| HSBC India NRO Fixed Deposits is subject to TDS, where applicable. |
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| PAN card details are mandatory for placement of l Fixed Deposits of 50,000 and above. |
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| Nomination Facility available. Please contact the nearest HSBC India branch for details. |
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| TDS, when due and applicable will be deducted in accordance with the provisions of the Income Tax Act,1961 and the Rules thereunder as in force. Such TDS shall be recovered from saving/current/demand deposit a/c(s). |
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| Please designate the account from where you would like the TDS amount to be deducted for all existing accounts. Please also provide details of the designated account as and when you renew/place additional deposits with HSBC India. |
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| For cumulative deposits, in case of non designation of an account or lack of funds in the designated account, or if you hold only cumulative term deposit account/s at HSBC India, the TDS (where applicable) would be recovered from the Interest being accumulated to/paid on the deposit. For ordinary deposits, in the absence of a revert from you for designation of the applicable account or if the designated account is out of funds, or if you hold only ordinary term deposit account/s at HSBC India, HSBC India will recover TDS (where applicable) from the maturity proceeds or from the encashment proceeds (in case of pre-mature encashment) of the deposit. |
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| Please contact our branch and submit the necessary documents in case lower TDS applies as provided by the relevant tax treaties. These documents should be submitted along with the Account opening Form and also before the start of each new financial year. HSBC India reserves its right to reject any such claims. Hence any claim for refund of TDS will lie directly with the Government of India and HSBC India will not be liable in any manner. |
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| 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: |
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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 after
01 April 2011 |
1% |
1.5% |
2% |
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| 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. |
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| Method of interest rate calculation |
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| Rupee Time deposits held in Domestic, Ordinary and Non-Resident (NRO) 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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| © Copyright 2011. The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India). Incorporated in Hong Kong SAR with limited liability. All rights reserved. |
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