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Opening an Account
Opening an Account
With about 8,000 relationship managers in over 60 countries and territories in Europe, the Asia Pacific region, the Americas, the Middle East and Africa, HSBC maintains a dynamic international character coupled with a strong local presence in each territory. HSBC aims to deliver a truly seamless cross-border banking experience for you. The International Banking Centre empowers you with a single contact point for your international commercial banking account opening needs. Not only will we manage your cross-border account opening as quickly and smoothly as possible, we will support your global relationship with us, wherever your business takes you. You will also be able to manage all of your accounts anywhere in the world via a single log-on with our state-of-the-art online platform, HSBC.net.
Opening an account in India
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 is 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 of our Business Accounts Features
Simple Application Process
Please speak to your Relationship Manager or call us at 1800 103 2666 or mail us at india.cmb.ibc@hsbc.co.in to find out more information and to begin the process.
Opening an account elsewhere in the world
Let us help take care of your banking needs when you do business elsewhere and provide you with more information on the process of opening an HSBC commercial banking account in selected countries.
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 account opening needs.
For more information on the process of opening an account overseas, please contact your Relationship Manager today or call us at 1800 103 2666 or mail us at india.cmb.ibc@hsbc.co.in.
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 |
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| * The 'No Bounce Cheque Protection' facility is subject to terms and conditions and shall be extended at the sole discretion of the Bank. | |||
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. Note: The above is only an excerpt of the tariff. For complete and latest tariff guide please visit http://www.hsbc.co.in/1/2/business/business-current-accounts |
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Any or all information is provided by the IBC is 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
