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HSBC India raises resident fixed deposit rates by 0.5-0.75 pc
PTI
Last Updated IST

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

For deposits of 270-365 days, the interest rate has been increased by 0.50 per cent to 8.50 per cent.

For a term of 36-37 months, the rate has been increased by 0.75 per cent to 7.75 per cent, the statement said.

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

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

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(Published 11 February 2011, 16:09 IST)