HSBC Bank FD Calculator

Last Updated 30th Nov 2016
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HSBC Bank
FD Interest Rates

FD Calculator HSBC Bank – Know your maturity amount?

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  • HSBC Bank, a leading Private Bank in India offers attractive interest rates upto 6.25% on its fixed deposits.
  • FD maturity amount that you will get depends upon
  • Deposit amount
  • Rate of interest
  • FD tenure
  • Compounding frequency
  • TDS applicability and TDS rate

HSBC Bank Fixed Deposit calculator – FD Options

  • In a periodic interest payout option, HSBC Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a HSBC Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

Fixed Deposit calculator HSBC Bank – Will TDS be deducted?

  • In case the interest earned by you across all your fixed deposits across all branches of HSBC Bank in a year exceeds 10000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the HSBC Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your FD.
  • Sorry, but we aren’t done with tax yet. This was only the TDS. Now, you would need to add the interest income on all your HSBC Bank FD’s and other FD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. Remember that you must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
  • HSBC Bank will also issue you a Form 16A giving details of tax deducted on FD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

HSBC Bank FD interest rate calculator – Check your city

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • To know more or apply, contact any of the branches of HSBC Bank in your city - Find HSBC Bank Branches here

  • FD Calculator of all banks in India

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News - Dec 2016
20th May 16 HSBC to Close Half of India Branches in Digital Banking Push
HSBC Holdings Plc plans to shut almost half its branches in India and rely more on digital banking to expand its consumer business in the South Asian nation. The London based bank will cut 24 of its 50 branches. The outlets to be closed account for less than 10 percent of HSBC retail customer base in India. HSBC said it remains committed to India, where it is also shutting its global private banking operations.
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