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Business Current Accounts
Business Current Account
Select the Business Current Account which suffices your International Business Banking needs with the convenience of banking 24x7 through Internet Banking, PhoneBanking, ATMs and personalised business-banking solutions.
Types of Business Current Accounts
Business Select Account
Great partnerships lead to even greater rewards. That is why we at HSBC Business Select work with you every step of the way. Choose from a range of financial services and personalised business-banking solutions that help you maximise your business potential. And give you the recognition you deserve.
BusinessVantage Account
When you need solutions for a growing business, choose the account that gives your business a superior service advantage. With a flexible financial package that includes a host of exclusive benefits and free services, BusinessVantage Account from HSBC puts your business completely at an advantage!
HSBC Direct for Business
Are you looking for simplicity, convenience and value from your business current account? Then this just the account for you. HSBC DIRECT for business is a zero-balance current account for your business that offers you the convenience of banking 24x7 through Internet Banking, PhoneBanking, ATMs and Mobile Alerts.
Comparison Details
Balance Requirements and Account Services
| Business Select | BusinessVantage | HSBC DIRECT for business | |
| Minimum Average quarterly balance required | Rs. 500,000 | Rs. 100,000 | Rs. 0 |
| No bounce cheque protection* | Available upto Rs. 200,000 | Available upto Rs. 200,000 | Available upto Rs. 200,000 |
| Internet Banking | FREE | FREE | FREE |
| PhoneBanking | FREE | FREE | FREE |
| Mobile Alerts | FREE | FREE | FREE |
| Business Doorstep banking | 25 FREE Delivery / Pickup requests per month | Min. Rs. 50 | Min. Rs. 50 |
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ATM / Debit Card Charges and Limits
| Business Select | BusinessVantage | HSBC DIRECT for business | |
| Daily ATM cash withdrawal limit | Rs. 200,000 | Rs. 100,000 | Rs. 200,000 |
| Cash withdrawal and Balance Enquiry at over 23,000 Visa ATMs in India | FREE - Unlimited transactions | FREE - Unlimited transactions | FREE - Unlimited transactions |
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Demand Draft and NEFT / RTGS Charges
| Business Select | BusinessVantage | HSBC DIRECT for business | |
| Demand Drafts payable at HSBC locations in India | FREE | FREE | Internet Banking: FREE Branches: Rs. 150 + 0.25% of the amount (Min Rs. 100 Max Rs. 5,000) |
| Demand Drafts payable at Non-HSBC locations in India | Internet Banking: FREE Branches: 0.25% of the amount (Min Rs. 100 and Max Rs. 5,000) |
Internet Banking: FREE Branches: 0.25% of the amount (Min Rs. 100 Max Rs. 5,000) |
Internet Banking: FREE Branches: Rs. 150 + 0.25% of the amount (Min Rs. 100 Max Rs. 5,000) |
| NEFT / RTGS Payments | Internet Banking: 10 FREE transactions per month Branches: RTGS Rs. 25 per transaction. NEFT Rs. 5 per transaction. |
Internet Banking: 10 FREE transactions per month Branches: RTGS Rs. 25 per transaction. NEFT Rs. 5 per transaction. |
Internet Banking: FREE Branches: RTGS Rs. 25 per transaction. NEFT Rs. 5 per transaction. |
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Cheque Clearing and Cheque Book Charges
| Business Select | BusinessVantage | HSBC DIRECT for business | |
| Cheques payable at par across HSBC locations in India | FREE | FREE | FREE |
| Clearance of cheques payable at HSBC locations in India | FREE | FREE | FREE |
| Clearance of cheques payable at Non-HSBC locations in India | Rs. 50 for amounts up to Rs. 10,000 |
Rs. 50 for amounts up to Rs. 10,000 |
Rs. 50 for amounts up to Rs. 10,000 |
| Rs. 100 for amounts between Rs. 10,001 and Rs. 100,000 | Rs. 100 for amounts between Rs. 10,001 and Rs. 100,000 | Rs. 100 for amounts between Rs. 10,001 and Rs. 100,000 | |
| Rs. 150 for amounts above Rs. 100,000 |
Rs. 150 for amounts above Rs. 100,000 |
Rs. 150 for amounts above Rs. 100,000 |
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Cash Withdrawal / Deposit at Branches
| Business Select | BusinessVantage | HSBC DIRECT for business | |
| Cash withdrawal / deposit at branches | FREE | 5 FREE cash transactions per month. Rs. 125 per additional transaction. | Cash Deposit: 2 FREE transactions per month. Rs. 100# per transaction beyond free limit plus bulk cash deposit charge of Rs. 25/100 notes (or part thereof) beyond 1,000 notes in a single transaction. Additional bulk coin deposit charges (more than 50 coins) of Rs. 25/100 coins or part thereof. Cash Withdrawal: Rs. 250# per transaction. |
| #These charges / amounts would be debited to the account at the end of each month. | |||
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Opening an account elsewhere in the world
Through our International Business Centre (IBC) we provide our existing Commercial Banking customers with a single point of contact to assist them with their international banking needs.
For more information on the process of opening an account overseas, please contact your Relationship Manager today or mail us at india.cmb.ibc@hsbc.co.in.
Any or all information is provided by the IBC on a best effort basis and the customer is required to ensure that all regulatory requirements, including that under the Foreign Exchange Management Act, 1999 are met before any account is opened in India or abroad.
Contact Us
Please contact your Relationship Manager or call us at 1800 103 2666 or mail us at internationalbusiness@hsbc.co.in
