I'm booking a time deposit for 12 months in my company @ 4.75% with UCO bank just today actually FYI. They are also allowing me to have an overdraft facility and 0.4% if I have a requirement for it.
We negotiated the rate so yes, it's a special rate and it's for USD but not sure what you mean by an employee rate, I'm not an employee of UCO Bank. It's for company account. So first of all, not sure if they will offer for individual and if they will, what is the minimum they require for that rate.
It depends on the capital structure. For example, HSBC banks in different countries are usually structured as completely separate entities with a common shareholder of limited liability. So the only reason they would bail out any specific country bank (e.g., HSBC USA) would be because of the damage to their reputation if they didn't.
No, this isn't true. These Indian Banks don't have HK incorporated entities. Even their websites will tell you that. Furthermore, if you go on the website of the Reserve Bank of India, they make clear which banks have overseas entities and where. There are actually very few.Original Post Deleted
Even if you go to the website of the Deposit Protection Scheme, you will see that it is the Indian entities that have the DPS coverage. Whereas, for some other banks, you will observe that there are multiple entities listed, such as HSBC HK, HSBC UK, HSBC USA or DBS HK and DBS SG for example.