HSBC India ups resident fixed deposit rates by 0.5-0.75 pc

Mumbai, Feb 11 (PTI) Banking major HSBC India today saidthat it has upped its resident fixed deposit rates by 0.5 percent to 0.75 per cent on select maturities.

The new rates are applicable with effect from February 9,the bank said in a statement here.

For deposits of a term of 270-days to 12-months, theinterest rate has been increased by 0.50 per cent to 8.50 percent.

For a term of 36-months to 37-months, the rate has beenincreased by 0.75 per cent to 7.75 per cent, the statementsaid.

Senior citizens (above 60-years) will receive anadditional 0.5 per cent over the board rates.

The fixed deposit rate available to senior citizens willbe as high as nine per cent per annum for 12-months and 8.5per cent per annum for 731-days, the statement said.