HSBC Term Deposit Account
- Automatic renewal of term depositUnless customer instructed otherwise.
- Minimum deposit of MUR 30,000
- Advice of deposit for automatic renewal
- Interest payable monthly, quarterly, or at maturity
- Can be pledged as security against a loan or overdraft
- Higher interest rates may be offered than savings accountRates are however subject to fluctuations
- Guaranteed return on your investment at maturity
- Varying period of time to suit your needs, 12, 24, 36, or 48 months
- Overdraft facility is available upon successful assessment
- Premature withdrawal is allowed, but a penalty will be charged
To be eligible for an HSBC Term Deposit Account:
- Individuals must be aged 18 years or over
- Accounts for minors must be operated by a parent or authorised person
- Accounts can be opened for an individual(s) (sole or joint)
- For joint accounts, a joint mandate must be completed and signed by all parties
- Minimum deposit amount of MUR 30,000
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Documents you'll need in order to open an HSBC Term Deposit Account:
- Proof of identity - identity card or passport
- Letter of reference from the main overseas banks (for foreign nationals)
- Birth certificates (for minors)
- For large cash deposits, evidence of source of funds must be produced
Foreign currency account
Deposit money in a choice of major currencies.