Open your child to a whole new world of possibilities

As your children grow older, so will your responsibilities. To fulfill your children's dreams and aspirations, you will need to invest in sound financial planning right from their early years. With HSBC Premier's Junior Savings Account, you will have access to a world of possibilities to plan for your child's future.

		SIP You can invest in Systematic Investment Planning (SIPs)¹, allocating a fixed sum of money on your child's behalf every month. In the long term, your child can benefit from these investments and have access to funds whenever required in the future.

		Insurance We offer a comprehensive range of insurance² products and services from our partners which are designed to protect you and your family against unforeseen eventualities, so that you and your family feel confident about the future.

		HSBC Premier Platinum Debit Card If your child is above 16 years, your child is eligible for an HSBC Premier Platinum Debit Card³. This Debit Card is issued to your child with your consent and request.

		Monthly Statement and SMS Alerts To ensure that you get a holistic view of your child's portfolio, we provide you with a monthly consolidated statement of the minor account and send you SMS Alerts⁴ informing you about any transactions made through your child's junior savings account

		Funds Transfer You can also avail of the free⁵ Funds Transfer facility which allows you to allocate your funds in a manner that is both flexible and convenient. You have the option to give us standing instructions to transfer an amount between your account and your child?s junior savings account.

		Dedicated Relationship Manager As a single point of contact looking after you and your family's financial needs, the same Relationship Manager will be assigned to look after your portfolio under your HSBC Premier Savings Account and your child's HSBC Premier?s Junior Savings Account.

Back to Main Page

Open HSBC Premier's Junior Savings Account

¹Mutual Funds are subject to market risks. Please read the offer documents carefully before investing. Terms & Conditions apply.

²Insurance is the subject matter of solicitation.
The Hongkong and Shanghai Banking Corporation Limited, India (License Number: 961387) whose registered office is at 52/60, M. G. Road, Fort, Mumbai 400 001, is the Corporate Agent of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited having its registered office at 112, J. C. Road, Bangalore - 560002.The Hongkong and Shanghai Banking Corporation Limited, India does not underwrite the risk or act as an insurer.
We however do not offer advice on specific stocks, mutual funds, other investment products, insurance products.

³HSBC Premier Platinum Debit Card will be issued to minors above 16 years only, with the parent/guardian's consent and request. Regular HSBC Premier Platinum Debit Card Terms & Conditions applicable. Existing HSBC Premier's Junior Savings customers who have HSBC Premier Debit Cards, will receive the HSBC Premier Platinum Debit Card on renewals.

⁴Service applicable if you are registered for Mobile Alerts. Regular Mobile Alerts Terms & Conditions applicable. Please refer to the Premier Services Guide for details.

⁵The free facility of Funds Transfer is applicable for transfers within HSBC Premier Savings Accounts in India. Applicable charges will be levied for Funds Transfer within HSBC Premier Savings Accounts outside India. Click here for applicable Services Charges.

Eligibility: To be eligible for HSBC Premier's Junior Savings Account, you need not maintain a separate minimum average quarterly balance in your minor account. All you need to do is maintain a Total Relationship Balance of Rs. 25,00,000 across your HSBC Premier accounts. The balance can include a combination of deposits and balances.

^# Family, in the current context means all or any of the following relatives of the HSBC Premier customer: a) a spouse b) a minor child i.e. child under the age of 18 years c) unmarried daughter d) dependant parents. To avail of the Family Services and Global Premier benefits the family member needs to be a signatory in the HSBC India Premier account who has signed the Premier Consent form or holds a Premier Supplementary Credit Card issued by HSBC India. Incase you have not signed the Premier Consent form, kindly contact your nearest HSBC branch in India for details.

^## HSBC Premier's Junior Savings Account is a resident minor account in the name of the child under the age of 18.

^### HSBC Premier Platinum Debit Card will be issued to minors above 16 years only, with the parent / guardian's consent and request. Regular HSBC Premier Platinum Debit Card T&C's applicable. Existing HSBC Premier's Junior Savings customers who have HSBC Premier Debit Cards, will receive the HSBC Premier Platinum Debit Card on renewals.

Could it work for you?

Useful Links

Find Premier Centres in over 40 countries across the world

Find out more about where you are moving to and how we can help:

HSBC Premier - Opening a world of benefits

HSBC Premier customers are eligible for all of these services free of charge. For more information or if you are interested in becoming an HSBC Premier customer, please call us.

Not an HSBC Premier customer?

We can help you with all your international banking needs, arrive in or prior to leaving India. Apply now.

International Resources

Privacy and Security | Terms of Use | Hyperlink Policy
© Copyright 2012. The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India). Incorporated in Hong Kong SAR with limited liability. All rights reserved.