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Bank Accounts - Service Charges and Fees
Service Charges and Fees
Please be advised that vide Notification No. 8/2009 - ST dated February 24, 2009, a service tax of 10% + 2% education cess + 1% secondary and higher secondary education cess thereon will be applicable on our fees and charges. Please click here for Service Tax details. Fees and charges are subject to change at the sole discretion of the bank.
With effect from 1 July 2011, the revised service charges*** applicable to HSBC Savings accounts are as follows:
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HSBC Savings Account
| Average Monthly Balance (AMB) requirement | Charges for Non maintenance of AMB |
| Average Monthly Balance of INR 75,000 in a combination of savings account/ current account and fixed deposits including a minimum monthly balance of INR 25,000 in the savings account / current account, OR Smart Money facility with a minimum fixed deposit of INR 200,000. |
INR 350 per month. |
| Services | Service Charges and Fees |
|
| AMB1 maintained | AMB1not maintained | |
| Cash Deposit / Withdrawal at Branch (charges will be levied each quarter for transactions made in the previous quarter) |
12 transactions free per quarter, post which INR 50 per transaction | 6 transactions free per quarter, post which INR 50 per transaction |
| Re-order of cheque book2 | Free | INR 100 |
| Issue of duplicate Pass Book | INR 100 | INR 100 |
| Issue of duplicate statement per statement cycle (Quarterly) | INR 200 | INR 200 |
| Statement on hold as returned undelivered (Annual fees) | INR 100 | INR 100 |
| ATM Cards (Annual Fees) | INR 150 | INR 150 |
| Stop Payment3 | INR 100 | INR 100 |
| Account Closure4 (if closed in less than 6 months of account opening) |
INR 1000 | INR 1000 |
| Cheque Return – Inward / Outward5 (Insufficient funds / Technical Reasons) |
INR 275 | INR 275 |
| Balance Enquiry at HSBC branches and ATMs in India | Free | Free |
| Balance confirmation, Interest certificate, Signature Verification photo & address attestation3 | INR 50 | INR 50 |
| Duplicate TDS Certificate Issuance3 | INR 100 | INR 100 |
| ECS Return | INR 275 | INR 350 |
| Security Device replacement | INR 500 | INR 500 |
| Standing Instructions Transfers between HSBC accounts in India: |
||
| Per instruction set up | INR 50 | INR 50 |
| Transfer to Non-HSBC accounts in India: | ||
| per instruction for set up per instruction for amendment |
INR 100 INR 25 |
INR 100 INR 25 |
| Conversion from Joint Account to Sole Account OR Sole Account to Joint Account4 | INR 50 | INR 50 |
| Certificate of Cheque Issuance5 | INR 50 | INR 50 |
| Account not operated for more than 2 years6 | INR 150 | INR 150 |
| Duplicate PIN issue for usage at ATM5 | INR 50 | INR 50 |
| Issuance of Security Devices | INR 500 | INR 500 |
| Branch Transactions | Service Charges and Fees |
|
| AMB1 maintained | AMB1not maintained | |
| In house cheque / cheque based transfer within accounts of HSBC India | Free | Free |
| Cheque Book Reorder3 (urgently issued at branch) | INR 100 | INR 200 |
| Urgent cheque leaf issued over the counter5 | INR 50 | INR 100 |
| "Collect at Branch" Deliverables7 | INR 100 | INR 100 |
| Urgent Security Device Replacement at branches3 | INR 500 | INR 500 |
| Phone Banking8 | Service Charges and Fees |
|
| AMB1 maintained | AMB1not maintained | |
| Stop Payments3 | INR 100 | INR 100 |
| Request for Duplicate Statement5 | INR 200 | INR 200 |
| Non IVR calls to call centre9 (Not applicable to Non-Resident Accounts) |
Free | Free |
| Re-issue of Phone Banking PIN5 | Free | Free |
| Internet Banking8 | Service Charges and Fees |
|
| AMB1 maintained | AMB1not maintained | |
| Stop Payments3 | INR 100 | INR 100 |
| Request for Duplicate Statement5 | INR 200 | INR 200 |
| Re-issue of Internet Banking user ID and password5 | Free | Free |
With effect from 1 July 2011, the revised service charges*** applicable to HSBC Current accounts are as follows:
HSBC Current Account
| Average Monthly Balance (AMB) requirement | Charges of Non maintenance AMB |
| Average Monthly Balance1 (AMB) of INR 75,000 in a combination of current account and fixed deposits including a minimum monthly balance of INR 25,000 in the current account. | INR 350/- per month. |
| Services | AMB1 maintained | AMB1not maintained |
| Cash Deposit / Withdrawal at Branch (charges will be levied each quarter for transactions made in the previous quarter) |
12 transactions free per quarter, post which INR 50 per transaction | 6 transactions free per quarter, post which INR 50 per transaction |
| Re-order of cheque book2 | Free | INR 100 |
| Issue of duplicate Pass Book | INR 100 | INR 100 |
| Issue of duplicate statement per statement cycle (Quarterly) | INR 200 | INR 200 |
| Statement on hold as returned undelivered (Annual fees) | INR 100 | INR 100 |
| ATM Cards (Annual Fees) | INR 150 | INR 150 |
| Stop Payment3 | INR 100 | INR 100 |
| Account Closure4 (if closed in less than 6 months of account opening) |
INR 1000 | INR 1000 |
| Cheque Return – Inward / Outward5 (Insufficient funds / Technical Reasons) |
INR 275 | INR 275 |
| Balance Enquiry at HSBC branches and ATMs in India | Free | Free |
| Balance confirmation, Interest certificate, Signature Verification photo & address attestation5 | INR 50 | INR 50 |
| Duplicate TDS Certificate Issuance5 | INR 100 | INR 100 |
| ECS Return | INR 275 | INR 350 |
| Security Device replacement | INR 500 | INR 500 |
| Standing Instructions Transfers between HSBC accounts in India: |
||
| Per instruction set up | INR 50 | INR 50 |
| Transfer to Non-HSBC accounts in India: | ||
| per instruction for set up per instruction for amendment |
INR 100 INR 25 |
INR 100 INR 25 |
| Conversion from Joint Account to Sole Account OR Sole Account to Joint Account4 | INR 50 | INR 50 |
| Certificate of Cheque Issuance5 | INR 50 | INR 50 |
| Account not operated for more than 2 years6 | INR 150 | INR 150 |
| Duplicate PIN issue for usage at ATM5 | INR 50 | INR 50 |
| Branch Transactions | Service Charges and Fees |
|
| AMB1 maintained | AMB1not maintained | |
| In house cheque / cheque based transfer within accounts of HSBC India | Free | Free |
| Cheque Book Reorder3 (urgently issued at branch) | INR 100 | INR 200 |
| Urgent cheque leaf issued over the counter5 | INR 50 | INR 100 |
| "Collect at Branch" Deliverables7 | INR 100 | INR 100 |
| Urgent Security Device Replacement at branches3 | INR 500 | INR 500 |
| Phone Banking8 | Service Charges and Fees |
|
| AMB1 maintained | AMB1not maintained | |
| Stop Payments3 | INR 100 | INR 100 |
| Request for Duplicate Statement5 | INR 200 | INR 200 |
| Non IVR calls to call centre9 (Not applicable to Non-Resident Accounts) |
Free | Free |
| Re-issue of Phone Banking PIN5 | Free | Free |
| Internet Banking8 | Service Charges and Fees |
|
| AMB1 maintained | AMB1not maintained | |
| Stop Payments3 | INR 100 | INR 100 |
| Request for Duplicate Statement5 | INR 200 | INR 200 |
| Re-issue of Internet Banking user ID and password5 | Free | Free |
With effect from 1 July 2011, the revised service charges*** applicable to HSBC Senior Citizens Savings accounts are as follows:
Discounted and other transaction based Service Charges and Fees for Senior Citizens* Savings Account
| Average Monthly Balance (AMB) requirement | Charges for Non maintenance of AMB |
| Minimum Average Monthly Balance1 (AMB) of INR 10,000 in a combination of savings account/ current account and fixed deposits. | INR 150/- per month. |
| Services | Service Charges and Fees |
|
| AMB1 maintained | AMB1not maintained | |
| Cash Deposit / Withdrawal at Branch | Free | Free |
| Re-order of cheque book2 | Free | INR 100 |
| Issue of duplicate Pass Book | INR 100 | INR 100 |
| Issue of duplicate statement per statement cycle (Quarterly) | INR 100 | INR 100 |
| Statement on hold as returned undelivered (Annual fees) | INR 100 | INR 100 |
| ATM Cards (Annual Fees) | INR 150 | INR 150 |
| ATM Cards replacement Fees | INR 100 | INR 100 |
| Stop Payment3 | INR 50 | INR 100 |
| Account Closure4 (if closed in less than 6 months of account opening) |
INR 500 | INR 500 |
| Cheque Return - Inward / Outward3 (Insufficient funds / Technical Reasons) |
INR 140 | INR 140 |
| Balance Enquiry at HSBC branches and ATMs in India | Free | Free |
| Balance confirmation, Interest certificate, photo & address attestation5 | INR 50 | INR 50 |
| Duplicate TDS Certificate Issuance5 | INR 50 | INR 50 |
| Signature Verification5 | Free | Free |
| ECS Return | INR 140 | INR 175 |
| Security Device replacement | INR 500 | INR 500 |
| Standing Instructions Transfers between HSBC accounts in India: |
||
| Per instruction set up | INR 50 | INR 50 |
| Transfer to Non-HSBC accounts in India: | ||
| per instruction for set up per instruction for amendment |
INR 100 INR 25 |
INR 100 INR 25 |
| Conversion from Joint Account to Sole Account OR Sole Account to Joint Account4 | Free | Free |
| Certificate of Cheque Issuance5 | Free | Free |
| Account not operated for more than 2 years6 | INR 150 | INR 150 |
| Duplicate PIN issue for usage at ATM3 | INR 50 | INR 50 |
| Branch Transactions | Service Charges and Fees |
|
| AMB1 maintained | AMB1not maintained | |
| In house cheque / cheque based transfer within accounts of HSBC India | Free | Free |
| Cheque Book Reorder3 (urgently issued at branch) | INR 100 | INR 100 |
| Urgent cheque leaf issued over the counter5 | INR 50 | INR 50 |
| "Collect at Branch" Deliverables7 | Free | Free |
| Urgent Security Device Replacement at branches3 | INR 500 | INR 500 |
| Phone Banking8 | Service Charges and Fees |
|
| AMB1 maintained | AMB1not maintained | |
| Stop Payments3 | INR 50 | INR 100 |
| Request for Duplicate Statement5 | INR 100 | INR 100 |
| Non IVR calls to call centre9 (Not applicable to Non-Resident Accounts) |
Free | INR 50 |
| Re-issue of Phone Banking PIN5 | INR 50 | INR 50 |
| Internet Banking8 | Service Charges and Fees |
|
| AMB1 maintained | AMB1not maintained | |
| Stop Payments3 | INR 50 | INR 100 |
| Request for Duplicate Statement5 | INR 100 | INR 100 |
| Re-issue of Internet Banking user ID and password5 | INR 50 | INR 50 |
| * A senior citizen is defined as a person above the age of 60 years. |
Door Delivery Services#
| Services | Service Charges and Fees |
| One time registration charge | INR 2000 |
| Annual fees (applicable from 2nd year) | INR 500 |
| Cash pickup and delivery | INR 250 |
| Draft delivery | INR 50 |
| Cheque pickup and delivery | INR 50 |
| #Applicable for HSBC Savings Account , HSBC Current Account, and Senior Citizens Account. This service requires separate registration. Kindly visit your nearest branch in order to avail the same. |
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HSBC Debit Card
| Features / Services | Service Charges and Fees |
| Annual Fee | INR 150 Free for HSBC Premier INR 75 for Senior Citizens |
| HSBC ATM cash withdrawal and balance enquiry (India) | Free |
| Number of free transactions at other bank ATMs in India | 5 transactions (financial or non-financial) per calendar month. Subsequent transactions will be charged Rs.20 per transaction*) |
| Per transaction limit for cash withdrawal at other bank ATMs in India | INR 10,000 |
| Other bank VISA ATM cash withdrawals / balance enquiries (outside India) | INR 120 per withdrawal / INR 15 per enquiry |
| HSBC Group ATM transactions (outside India) | INR 120 per withdrawal / INR 15 per
enquiry Free for HSBC Premier |
| Replacement of lost / damaged Debit Card (within / outside India ) | INR 150 plus national / international courier charges Free for HSBC Premier |
| Sales Slip Retrieval / Charge Back Processing Fee | INR 225 |
| Duplicate PIN issue for usage at ATM | INR 50 per request |
| Transactions declined due to insufficient funds at an ATM | INR 25 per transaction |
| Currency Conversion Mark-up (International transactions) | 3.5% |
| * Will be recovered from the linked Savings / Current account in the subsequent calendar month. Service tax and any other cess applicable as per the prevailing rates. |
Please note:
- Use of Debit card at petrol pumps will attract a surcharge of 2.5% of the purchase value of Rs.10/- (whichever is higher).
- Some banks may levy an access fee for use of their ATMs abroad which is over and above the ATM cash withdrawal charge levied by HSBC.
Remittances
| Services | Service Charges |
| #Outward RTGS Transfers |
With effect from 01st May 2011 |
| INR 2 lakhs upto INR 5 lakhs | INR 25 per transaction## |
| INR 5 lakh and above | INR 50 per transaction |
| #Outward NEFT Transfer | With effect from 01st May 2011 |
| Upto INR 1 lacs | INR 5 per transaction |
| Above INR 1 lacs to INR 2 lacs | INR 15 per transaction |
| Above INR 2 lacs | INR 25 per transaction## |
| Demand Drafts / Cashier's Orders payable at par at our branches in India5 | |
| Up to INR 100,000 | INR 100* |
| INR 100,000 and above | 0.1% of value (Max. INR 2,500)* |
| Demand Drafts on other banks at non-branch locations | |
| Drawn on correspondent banks | 0.3% of DD value (Min. INR 100)* |
| Inter-branch transfers across HSBC accounts in India | Free |
| Traveller's Cheques (TCs) | |
| Issuing TCs for USD, GBP, EUR, AUD | 1% of value |
| TC encashment10 | |
| TC encashment - AQB maintained | 0.5% of value (Min. INR 50) Free for TCs purchased from HSBC Group Offices |
| TC encashment - AQB not maintained | 0.5% of value (Min. INR 100) Free for TCs purchased from HSBC Group Offices |
| Up-Country Cheque Collections within India | |
| Outstation Cheque Collection for Savings Accounts | INR 25 per instrument (upto and including INR 5,000) INR 50 per instrument (above INR 5,000 and upto and including 10,000) INR 100 per instrument (above INR 10,000 and upto and including INR 1 lacs) INR 150 per instrument (greater than INR 1 lacs) |
| Outstation Cheque Collection for Current Accounts | INR 50 per instrument (upto INR 10,000) INR 100 per instrument (INR 10,000 - INR 1 lacs) INR 150 per instrument (greater than INR 1 lacs) |
| Service Charges for Cheque Collection | |
| Service Charges for Cheque Collection under Speed Clearing for Savings account% | Nil (Upto INR 1 lacs) INR 100 (Above INR1 lacs) |
| Telegraphic Transfers (TT) and Foreign Currency Demand Drafts | |
| Local Telegraphic Transfers | 0.3% of value (Min INR 100, Max. INR 1,500) + cable charge of INR 100 |
| Foreign Currency Telegraphic Transfers (other than FCNR Accounts) | 0.3% of value (Min. INR 100, Max. INR 1,500) + cable charge of INR 200 for same currency TT and INR 400 for cross currency TT |
| Foreign Currency Demand Drafts (other than FCNR Accounts) | 0.3% of value (Min. INR 100, Max. INR 1,500) additional INR 250 for cross currency drafts |
| Issue of duplicate instrument | INR 300 + INR 1,000 as cover charges for correspondent banks |
| Cancellation | INR 200 + INR 1,000 as cover charges for correspondent banks |
| Telegraphic Transfer - Inward Processing Fee | INR 300 + Taxes (Free for HSBC Premier & NRI customers) |
| Foreign Currency Conversion Fee | INR 50 (plus currently applicable service tax of 10.30% of the fee) |
| Foreign Currency Cheque Clearance | 0.56% of the value of the cheque or INR 337 whichever is higher |
| Others (Issuing a cheque in a country / location where HSBC has branches) | 0.35% of the value of the cheque or INR 50 whichever is higher |
| Others (Issuing a cheque in a country / location where HSBC has no branches) | 0.40% of the value of the cheque or INR 100 whichever is higher |
| Foreign Currency Cheques | |
| Foreign Currency Cheques sent for Collection Outside India | 0.5% of INR value + applicable Service Tax |
| * Free through Internet Banking. 25% of branch charge through
Phone Banking. ***Charges will be levied each month for the previous month's transactions unless specified otherwise. %Service Charges for Cheque Collection under Speed Clearing applicable to HSBC Savings & HSBC Advance account (including Senior Citizen customer) will be effective 1 June 2011. The above service charges are subject to Service tax and any other cess applicable as per prevailing rates, current service tax and education cess rate applicable @ 10.30% unless otherwise specified. 'RTGS' - Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis. 'NEFT' National Electronics Funds Transfer System is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches. #This facility requires separate registration. ## Subject to Internet Banking Limits as designated on Customer's HSBC account. On registering for Internet Banking Service, the Customer will be provided with third party pre-designated and non designated limits. Pre-designated limits can be set upto INR 15 Lacs per customer per day and Non designated Limits can be set upto INR 15 Lacs per customer per day. Customers will have the option to increase / reduce his limits as per the maximum limits provided by the bank through his internet banking login. Customers are requested to visit nearest HSBC Branch for executing outward RTGS / NEFT transaction above INR 15 Lacs. 1 Monthly balance has to be maintained for the previous month. 2 Requests placed at Branch, Call Centre and Personal Internet Banking applicable per cheque book. 3 Charges applicable per request . 4 Charges applicable per account. 5 Charges applicable per instrument. 6 Charges applicable per account per quarter. 7 "Collect At Branch" Deliverables include following items collected from HSBC branches: Account Statements, Debit Card, Welcome Kit, Demand Draft, Debit PIN, Credit PIN, Internet Banking Password, Phone Banking PIN, Cheque Book. 8 Refer to Self Service Banking Service Charges and Fees. 9 Charges applicable per call. 10 Free for Amex Traveler's Cheque purchased from HSBC Group Offices.
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No Frills Savings Account
| Eligibility | Service Charges |
| Initial Deposit of INR 250 No minimum balance / Average Quarterly Balance requirement |
NA |
| Features / Services | Service Charges and Fees |
| Phone Banking (available on request) | Annual charge of INR 99 |
| Internet Banking (available on request) | Annual charge of INR 99 |
| Debit Card | Free (only ONE debit card per account) |
| ATM Usage | |
| - HSBC ATMs in India | Unlimited free transactions per month |
| - Other VISA ATMs in India | Free |
| - Use of VISA ATMs outside India | INR 120 per cash withdrawal / INR 15 per balance enquiry |
| Account Fees | Free |
| Quarterly Statement | Free |
| Cheque Book (with 25 cheque leaves) | INR 50 |
| Branch Transaction | 1 cash transaction (cash deposit) FREE per month |
| Additional Transactions (over and above the 1 FREE transaction per month) | INR 50 per transaction |
| All other charges as per regular HSBC tariff. Please refer to the No Frills Savings Account page to know more details of the account. | |
SmartMoney Account
| Eligibility | Service Charges |
| Minimum Deposit for Smart Money Account: INR 25,000 | NA |
| Features / Services | Charges |
| Overdraft Interest Rate | Interest on amount overdrawn will be charged at the rate of 2% over the weighted average of the interest rates applicable to the linked fixed deposits subject to a maximum of the Bank's Prime Lending Rate as may be declared by the Bank from time to time |
Smart International Account
| Eligibility | Service Charges |
| Minimum Deposit as specified for the available Foreign / Local Currency Deposit | NA |
| Features / Services | Charges |
| Overdraft Interest Rate | 2% over the weighted average of the interest rates applicable to the linked NRE / NRO fixed deposits plus applicable tax, if any OR At the Banks Prime Lending Rates as may be declared by the Bank from time to time plus applicable tax, if any, for overdraft against FCNR(B) deposits |
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