HSBC Domestic Term Deposits FD Scheme

What is HSBC Domestic Term Deposits FD Scheme?

In India, we always keep some money aside that would serve us along with profits in the long run. Term Deposits or Fixed Deposits is also one mode where money is invested in the form of a specific amount with a financial institution for a specified tenure, say a minimum of 1 month to a maximum of 5 years. The invested amount is then held against a fixed interest rate throughout the term deposit’s tenure.

HSBC Domestic Term Deposits FD Scheme Eligibility Criteria

If you wish to choose from any of the HSBC Fixed Deposit schemes according to the interest rate and tenure, you must keep these criteria in check:-

• You should be a citizen of India
• You must have a bank account with HSBC with a minimum deposit of INR 10,000.
• Other entities like Governing bodies, trusts and Private firms can also choose to open an FD account.

HSBC Domestic Term Deposits FD Scheme Documents Required

You need all these documentary proofs mentioned below for applying the FD scheme:-

1. You need the application duly filled and checked.
2. You must have address proof such as Aadhaar, Driving License, Passport, etc.
3. Must have identity proof like Voter ID, PAN card, etc.
4. You must have proof of age certificate like birth certificate, 10th mark sheet, Aadhaar, etc.
5. You need your passport size photographs and details of the bank account.

HSBC Domestic Term Deposits FD Scheme Features & Benefits

If you have any doubt about why you should invest in the HSBC FD, then these features and benefits will simplify the process for you:-

• The choice of tenure is dependent on your convenience.
• You can easily open an HSBC FD account with a minimal deposit of INR 10,000.
• You can earn a very high-interest rate depending on the deposits in the account.

How to Apply for Domestic Term Deposits FD

Bygones are the days when you have to think about filling out long forms and waiting for approval. Now, you complete the process easily with the back of your hand by following these easy steps:-

1. First, you have to visit the official website of HSBC Bank.
2. Log in to your FD account by filling in all the credentials.
3. Click on the ‘Fixed deposit’ tab under the menu bar.
4. Choose the type of FD account you want to open and click on proceed.
5. Enter the amount you want to deposit and choose the option senior citizen if your age is above 60 years.
6. Choose the tenure and interest rate for the FD scheme you want to run in the account.
7. After reading the terms and conditions, click the submit button.