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Corporate Employee Programme

Corporate Employee Programme - Everything in life should do more than the expected. Including your salary account.

About Corporate Employee Programme from HSBC

The Corporate Employee Programme (CEP) from HSBC is designed to empower and assist corporate employees in meeting their banking needs. It endeavours to offer banking products and services in a manner which addresses the customer’s varying needs effectively, efficiently and conveniently.

Please refer to the key features structured specifically for salaried employees:

  • Minimum Balance Eligibility waived for CEP accounts receiving salary
  • Personalized Payable At Par cheque book
  • Secured Internet Banking through Special Security Device
  • Utility Bill payment facility
  • Instant Welcome Packs: the cheque book , Debit card and Debit card Pin are handed over at the time of account opening to facilitate immediate transactions
  • Dedicated CEP Service Desk (Phone and Email services)
  • Phone banking services
  • Preferential rates on Home Loans
  • Preferential rates on Personal Loans
  • Multiple Credit Card offerings

Click here to know the Key Things You Should Know

Choice of banking relationships for your employees

At HSBC, we have crafted banking relationships in a manner that give flexibility to your employees to choose from a range of banking relationship offerings, catering to varying needs. Our three propositions HSBC Advance, HSBC Savings account and HSBC Premier, are comprehensive and will help your employees to manage their money.

 

HSBC Advance AccountHSBC Advance

An HSBC Advance relationship helps you plan for your financial future. It works by focusing and assisting you in following four key areas.

Day-to-day banking
You get much more than just a bank account with HSBC Advance. HSBC Advance aims to simplify your banking needs today and help you achieve your financial needs tomorrow

Find out more

International services
Access to a range of international services: Assistance in overseas account opening4 in select countries subject to adherence to local terms and conditions as may be applicable in that country.

Find out more

Wealth Management Services
HSBC Advance is dedicated to help you do more with your money .We provide a disciplined, diversified approach and a team of certified Wealth Managers - HSBC Advance to help you manage your money.

Find out more

Protection for you and your family
No matter where you are in life, it is important to protect the people and things most important to you and your family, home and lifestyle. We provide a range of insurance solutions that help you in meeting your financial needs, including planning for retirement

Find out more

CEP Eligibility criteria: Net monthly salary credit of Rs. 50,000 (Rupees fifty thousand) and above credited to your CEP account.
The information provided is intended as a general guide for reference.

Benefits and features of HSBC Advance is subject to applicable terms and conditions.
Please Click Here for detailed information

 

Hsbc Savings accountSavings account

With the savings account from HSBC, we make planning for regular expenses convenient for you.
Savings account from HSBC offers you products and services such as:

  • HSBC Debit Cards with access to HSBC Group ATMs worldwide and ATMs of other Banks worldwide which are members of the Visa ATM network. HSBC Debit Card is available at Rs 150 per annum
  • Access to Personal internet banking ---Manage and transact on the savings account, pay utility bills and much more.
  • Personalised payable-at-par cheque book and monthly statements.

CEP Eligibility criteria: Net monthly salary credited into your CEP account

 

HSBC PremierHSBC Premier

HSBC Premier is a global banking experience that offers products and services, suited to your needs and lifestyle.
HSBC Premier brings to you a fine line of privileges under the following pillars:

You and your wealth
Through our trained and accredited Premier Relationship Managers, we offer you:

  • A range of wealth management products across investments2 and insurance3 from third party entities registered and regulated in India to help you make the most of your wealth.
  • Strategic Financial planning to help understand your investment goals and risk appetite.

Find out more

Your day-to-day banking

We offer range of banking products and services to suit your needs, such as:

  • Premier MasterCard® Credit Card which offers you exclusive benefits and rewards
  • Access to Global network of Premier centres in countries where HSBC Premier is offered

Find out more

You and your family (your spouse and children)
We understand that your family is your most treasured possession. Which is why, we offer:

  • A host of banking services for you and your family, including financial planning and wealth management products and services
  • Primary and additional credit cards5 for family (spouse, parents, brothers/sisters, children).

Find out more

Your bank around the world
We offer you banking convenience and support across the globe where HSBC Premier is offered.

  • Global Transfers and Global View6 feature on Premier Internet Banking in select countries.
  • Easy credit history transfers, subject to local regulations.

Find out more

Eligibility criteria9: Total Relationship Balance (TRB) of Rs. 25,00,000 (Rupees twenty five lakh) quarterly.

For detailed information on the products and services, eligibility criteria, user guides, terms and conditions, account rules and tariff of charges pertaining HSBC Premier, please Click Here

Issuance of credit card is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India

Contact us

Call us on our Phone Banking Numbers

Or

Write to us at salaryaccounts@hsbc.co.in

Or

Simply SMS “CORP” to 575750 and our representative will call you back.

A world of Convenience

Your dreams can turn into reality through our Home loans, Personal loans or Credit Cards.

 

HSBC Advance AccountLoans

Smart Home7

Smart Home from HSBC – a home loan that enables you to save on interest payments and thereby reduce tenure of the loan

Your Smart Home is operated through a Smart Home account that acts as a Current Account with an overdraft limit equal to the amount of the loan disbursed. Your Smart Home account would be your loan account.

All you need to do is to put your usual savings, in the Smart Home account. Depending on the savings you put in the Smart Home account, you can reduce the quantum of interest paid and thereby reduce the tenure of your loan.

The principal on which your loan interest is calculated, is the principal outstanding minus the savings you have deposited in your Smart Home account every month, over and above your Equated Monthly Instalment (EMI).

Benefits of Smart Home from HSBC

  • Your Smart Home account can be used for other regular banking transactions
  • Save on home loan interest payments by depositing your usual savings in the Smart Home account which will enable you reduce the tenure of your loan

The example below shows, how the potential reduction in interest amount payable works by depositing an additional amount of Rs. 15,000 in the Smart Home account over and above the applicable EMI over a period of 20 years.

Loan details Regular home loan Smart Home
Loan amount (Rs.) 50,00,000 50,00,000
Interest rate (p.a.)* 11.00% 11.50%
Original loan tenure 20 years 20 years
EMI (Rs.) 51,609 54,083
Actual EMIs paid 240 126
Total interest (RS.) 73,86,261 36,86,716
Savings on interest (Rs.) 36,99,544 (50%)

*Interest rates are merely indicative, which can change from time to time depending on market conditions. The interest rate on your floating rate loan is linked to HSBC's Base Rate. Any revision in the Base Rate would impact your interest rate

Note: The above table is based on interest rates which are subject to change, and which may not apply to your loan. The computation is based on simulated figures and a number of underlying assumptions. Please consult your Relationship Manager/ our Home Loan Sales Officer or visit the nearest HSBC branch in India to ensure that you receive complete information about the options available to you.

 

Home loan1
Living under one’s own roof gives eternal happiness and a sense of security. We make it easier for employees to realise this dream by offering:

  • Preferential lending rates
  • Loan amount ranging from Rs. 2 Lakh to Rs. 10 Crore
  • Minimal documentation

 

Personal loan
When expenses arise, like a wedding in the family, furnishing your home, higher education for your children or a family holiday you can turn to Personal Loan from HSBC.
Available to customers under the Corporate Employee Programme (CEP) from HSBC:

  • Loan amount ranging from Rs. 1 lakh to Rs. 10 lakh
  • Preferential pricing
  • No guarantor required

Personal loans are available in the cities of Mumbai, Delhi, Pune, Kolkata, Bengaluru, Hyderabad, Ahmedabad, Jaipur, Chandigarh and Chennai only and are subject to change from time to time. All loans at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India

SmartMoney Account facility
A combination of a fixed deposit and a savings/ current account, the HSBC SmartMoney account lets employees enjoy the returns on a fixed deposit and retains the liquidity and flexibility to meet their financial needs.

  • A minimum fixed deposit of Rs. 25,000
  • Withdraw up to 90% through an overdraft facility
  • Pay interest only on the amount overdrawn, while earn interest on the fixed deposit

The SmartMoney facility is subject to Terms and Conditions. Please click here for more details on the SmartMoney Account facility

 

HSBC PremierCredit cards

HSBC credit cards are designed to make everyday shopping, travel and dining experiences delightful.With a credit card from HSBC and MakeMyTrip, everyday shopping leads to a holiday.

HSBC MakeMyTrip Signature Credit Card:

  • Annual Fee Rs. 3,499
  • Welcome gifts: : Upon successful issuance of card, 7 Domestic Flight Ticket vouchers and MakeMyTrip discount vouchers worth Rs 8,500 on card issuance subject to payment of annual fees

HSBC MakeMyTrip Platinum Credit Card:

  • Annual Fee Rs. 499
  • Welcome gifts: Upon successful issuance of card, 2 Domestic Flight Ticket vouchers and MakeMyTrip discount vouchers worth Rs 5,500 on card issuance subject to payment of annual fees

HSBC Platinum credit card:
The HSBC Platinum Credit Card is designed to complement your lifestyle.

  • Year-round dining, travel and shopping offers on HSBC Platinum Credit card
  • Accelerated Rewards Program – Get 3 times Rewards on spends on dining hotels and telecom in the first 12 months

These cards also offer:

  • Fuel Surcharge waiver. Get fuel surcharge waiver at any fuel pump across India for transactions between INR 400 and INR 4000 subject to a maximum amount of INR 250 per calendar month
  • Lost card liability cover from ICICI Lombard General Insurance company limited lost Credit Card liability after reporting and registering the loss of the HSBC Credit Card to HSBC. You are also covered  for misuse of your Credit Card up to 24 Hrs before reporting and registering, for up to INR. 3,00,000. For more details, please click here.
  • Online Fraud Protection from ICICI Lombard General Insurance company limited : In the event of a misuse/fraud for an online transaction on the HSBC Platinum Credit Card, the customer is covered for up to INR. 3,00,000. However the claim needs to be registered within 15 days from the statement period end date, mentioned on the Credit Card statement bearing details of the fraudulent transactions.

Issuance of credit card is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India. 
All features, benefits and offers stated above are subject to Terms and Conditions. Please click here for multiple Credit Card offerings available to you.

Important Notes

Please note that in order to avail of the Corporate Employee Programme (CEP) from HSBC, your organisation should have a minimum of 10 employees and there should be a formal acceptance of the Corporate Employee Programme offer made to the organisation by The Hongkong and Shanghai Banking Corporation Limited, India (hereinafter referred to as HSBC).

By virtue of meeting the CEP 'eligibility' criteria, the employees of the corporate can open accounts under the Corporate Employee Programme (CEP account) offered by HSBC, and avail of a waiver on the applicable Total Relationship Balance (TRB) for HSBC Advance or Average Monthly Balance (AMB) for HSBC Savings Account

Please note that the waiver of charges related to non-maintenance of required Total Relationship Balance (TRB) or Average Monthly Balance (AMB) will be subject to the employee being a part of the corporate and receiving a salary credit for three consecutive calendar months in the CEP account. In the absence of salary credits to the CEP account for three consecutive calendar months, the waiver of charges related to the non-maintenance of the required minimum balance will be withdrawn, and the eligibility criteria of the category of account held by the employee will apply. Charges towards Non maintenance of the applicable eligibility criteria will be levied with effective from the next calendar quarter / month in which the CEP account is re-designated to HSBC Advance or HSBC Savings Account respectively.

Service charges towards banking transactions will be applicable as per the tariff schedule of the category of the re-designated account. In case an HSBC Advance account under CEP receives a net monthly salary credit of less than INR 50,000 for three consecutive months, the account will be reclassified into an HSBC Savings Account under CEP and the features and benefits of the said CEP account as offered to your organisation will apply.

The waiver of charges related to non-maintenance of required Total Relationship Balance (TRB) is not applicable to HSBC Premier. Customers are required to maintain the applicable HSBC Premier TRB Criteria in order to avoid charges for non maintenance of Premier TRB.

1. Home Loans: All loans are subject to terms and conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). Currently, Home Loan is available to applicants and for properties in and around the city limits of (sourcing cities) Mumbai, New Delhi (NCR), Bengaluru, Pune, Chandigarh, Jaipur, Ahmedabad, Chennai, and Hyderabad and are subject to change from time-to-time.

The minimum and maximum loan is dependent on city of property and property type.
Loan amount of:
Rs. 5,00,000 to Rs. 10,00,00,000 for ready and under construction property loan for properties in Mumbai, New Delhi (NCR).
Rs. 2,00,000 to Rs. 7,50,00,000 for ready and under construction property loan for properties in Bengaluru, Chennai, Pune, Ahmedabad, Chandigarh, Jaipur, and Hyderabad.
Rs. 2,00,000 to Rs. 3,00,00,000 for purchase of plot of land in Mumbai and Delhi.
Rs. 2,00,000 to Rs. 2,00,00,000 for purchase of plot of land in Bengaluru, Chennai, Pune, Ahmedabad, Chandigarh, Jaipur, and Hyderabad.
Rs. 2,00,000 to Rs. 1,00,00,000 for self-construction loan and
Rs. 2,00,000 to Rs. 25,00,000 for home improvement loans for properties in all sourcing cities. For HSBC Premier customer, maximum loan amount of Rs. 10,00,00,000 for all sourcing cities.

The minimum market value of the property to be funded for Mumbai and Delhi is Rs. 25 lakh and for all other sourcing cities is Rs. 15 lakh

2. Investment Services are subject to prevailing market conditions/ external factors. The Hongkong and Shanghai Banking Corporation Limited, India (HSBC) currently offers investment products from third party entities registered and regulated in India. Investment services are subject to prevailing market conditions/external factors. Please read the SchemeInformation Document (SID), Statement of Additional Information (SAI), Offer document, Key Information Memorandum (KIM) and addendums as issued from time to time of the schemes, carefully before investing. HSBC India does not distribute wealth management products to those persons who are either the Residents or hold the nationality of United States of America (USA), Canada, Australia or New Zealand.

3. Insurance is a subject matter of solicitation. The Hongkong and Shanghai Banking Corporation Limited, India (licence 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. The Hongkong and Shanghai Banking Corporation Limited, India does not underwrite the risk or act as an insurer. Insurance is a subject matter of solicitation. For more details on risk factors, terms and conditions, please read sales brochure carefully, before concluding a sale.

4. International Service: The products or services mentioned under international services are not available to any person, if the same requires any regulatory approvals for making available such products or services in the given jurisdiction. The recipient should ensure that by availing of any products or services he / she is not in contravention of any applicable laws or regulations governing such recipient and shall further ensure compliance with the laws and regulations governing such recipient in the applicable jurisdiction as a condition precedent. We wish to inform you that availing the international services facility for HSBC Advance requires HSBC to share information with HSBC Group (HSBC Holdings plc, its subsidiaries, associated and affiliated companies) relating to you/your accounts including without limitation, any personal information and other credit information maintained with or obtained by HSBC (including those obtained from credit reference agencies) and other members of the HSBC Group. Applicable in countries or locations where Advance is offered. HSBC provides assistance towards opening / placing of HSBC Deposit Account overseas where HSBC Advance is offered. Opening / placing of such bank accounts / deposits will be at the sole discretion of the overseas HSBC entity and will be subject to local terms and conditions and prevalent laws and regulations of the country where HSBC Account/Deposit will be opened/placed. The Hongkong and Shanghai Banking Corporation Limited, India (HSBC) is neither responsible nor shall be held liable for any rejection of the application for placing of deposits/opening of accounts.

5. Issuance of credit card is at the sole discretion of the HSBC. Features, benefits, credit card offers and usage are governed by terms and conditions of the HSBC Premier MasterCard® Credit Card. Please visit www.hsbc.co.in for more details.

6. Global View and Global Transfer service is available in select countries and is subject to local regulations. In India, these services are subject to applicable restrictions under the Foreign Exchange Management Act, 1999. Outward transfers from India using HSBC Premier Internet Banking services are only permissible through NRE accounts. Please ensure usage in accordance with the relevant Exchange Control Regulations issued and amended by Reserve Bank of India from time-to-time and adheres with the provisions under the Foreign Exchange Management Act, 1999 (FEMA).

7. Smart Home Loans: All loans are subject to terms and conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). Currently, Smart Home Loan is available to applicants and for properties in and around the city limits of (sourcing cities) Mumbai, New Delhi (NCR), Bengaluru, Pune, Chandigarh, Jaipur, Ahmedabad, Chennai, and Hyderabad and are subject to change from time-to-time. The minimum and maximum loan is dependent on city of property and property type.

Loan amount of:
Rs. 5,00,000 to Rs. 10,00,00,000 for ready and under construction property loan for properties in Mumbai, New Delhi (NCR).
Rs. 5,00,000 to Rs. 7,50,00,000 for ready and under construction property loan for properties in Bengaluru, Chennai, Pune, Ahmedabad, Chandigarh, Jaipur, and Hyderabad.
Rs. 5,00,000 to Rs. 3,00,00,000 for purchase of plot of land in Mumbai and Delhi.
Rs. 5,00,000 to Rs. 2,00,00,000 for purchase of plot of land in Bengaluru, Chennai, Pune, Ahmedabad, Chandigarh, Jaipur, and Hyderabad.
Rs. 5,00,000 to Rs. 1,00,00,000 for self-construction loan and
Rs. 5,00,000 to Rs. 25,00,000 for home improvement loans for properties in all sourcing cities. For HSBC Premier customer, maximum loan amount of Rs. 10,00,00,000 for all sourcing cities.

The minimum market value of the property to be funded for Mumbai and Delhi is Rs. 25 lakh and for all other sourcing cities is Rs. 15 lakh.

8. Personal Loan: All loans at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC)". Personal loans are available in the cities of Mumbai, Delhi, Pune, Kolkata, Bengaluru, Hyderabad, Ahmedabad, Jaipur, Chandigarh and Chennai only and is subject to change from time to time. Click here for the Most Important Terms and Conditions (MITCs) for Personal Loan from HSBC.

9. HSBC Premier customers in India are required to meet the Total Relationship

Balance (TRB) criteria of Rs. 25,00,000 (Rupees twenty five lakh only) quarterly.
The TRB will be calculated based on the following:
1. Savings/Current individual account balances - Calculated based on average quarterly balance held in the account(s).
2. Fixed deposits - Calculated based on average quarterly balance held in fixed deposits.
3. Investments1 - Calculated based on Market Value or Net Purchase Value whichever is higher as on the last day of every calendar quarter.
4. Life insurance2 premium - Calculated based on life-to-date (total) paid-up premium for policies in force as on the last day of every calendar quarter.
5. Demat holdings - Calculated based on market value of demat holdings in the depository account held with the Bank as on the last day of every calendar quarter.
The above can also include balances maintained by your ‘family members’ in their HSBC Premier accounts subject to the accounts being categorised as part of a single relationship. ‘Family members’ in HSBC Premier is defined as all or any of the following relatives of the HSBC Premier customer: i.e. spouse, partners and any dependents; sons, daughters, children with legal guardianship of eligible Premier customers.
In case you are an HSBC Premier customer in any other country and meet the Premier minimum balance requirement as may be applicable in that country, you are entitled to receive HSBC Premier services in India and the quarterly TRB applicable will be waived. We request you to contact your Premier Relationship Manager for more details. Non-maintenance of the abovementioned TRB criteria would entail quarterly service charge of Rs. 2,500 plus applicable service tax and education cess. The information provided is intended as a general guide for reference. Benefits and features may be subject to local country regulatory restrictions and applicable terms and conditions. Please refer to the Premier services guide on www.hsbcpremier.co.in for detailed information.

1. HSBC India currently offers investment products from third party entities registered and regulated in India. Investments and services are subject to prevailing market conditions/external factors. Mutual funds are subject to market risks. Please read the Statement of Additional Information (SAI) / Key Information Memorandum (KIM) / Scheme Information Document (SID) and addendums carefully before investing.
2. Insurance is the subject matter of solicitation. The Hongkong and Shanghai Banking Corporation Limited, India (Licence 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. The Hongkong and Shanghai Banking Corporation Limited, India does not underwrite the risk or act as an insurer. For more details on risk factors, terms and conditions, please read sales brochure carefully, before concluding a sale.