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Corporate Employee Programme
About Corporate Employee Programme from HSBC
The Corporate Employee Programme from HSBC is a package that is designed to empower and assist corporate employees in realising their financial goals. It endeavours to offer banking products and services in a manner which addresses the customer's varying needs in an effective, efficient and convenient way.
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 offerings (HSBC Advance, savings account and HSBC Premier) are comprehensive, helping your employees to make the most of their money.
HSBC Advance
HSBC Advance aims to simplify your banking needs today, to help you achieve your future financial goals.
Your day-to-day banking
Alongside the savings account, you will also be able to avail of Home loans1 and a suite of investment2 and insurance3 products. You can also avail of an HSBC Advance Platinum Debit Card that allows you to withdraw up to Rs. 1,00,000 per day at HSBC Group ATMs worldwide and ATMs of other banks worldwide which are members of
the Visa ATM network.HSBC Advance Platinum Debit Card is available at Rs. 300 per annum
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. We wish to inform you that availing of 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.
Fast Track wealth accumulation
HSBC Advance is dedicated to help you do more with your money.
We provide financial planning by a team of certified Wealth Managers – HSBC Advance to help you manage your money.
Protection for you and your family
Access a range of insurance3 products that assist you in meeting your financial needs, including planning for retirement.
CEP Eligibility criteria: Net monthly salary credit of Rs. 50,000 (Rupees fifty thousand) and above credited to your account maintained under the corporate employee programme offered by HSBC. The information provided is intended as a general guide for reference. Benefits and features of HSBC Advance are subject to applicable terms and conditions. Please visit www.hsbcadvance.co.in for detailed information
Savings account
With the savings account from HSBC, we make planning for regular expenses convenient for you.
Savings account from HSBC offers you an array of products and services like:
- HSBC Debit Cards with access to HSBC Group ATMs worldwide and ATMs of other Banks worldwide which are members of the Visa ATM network.
- Option to transfer extra savings from the savings account to a fixed deposit, through a cluster deposit facility# to enable you to earn higher interest.
- Manage and transact on the savings account, pay utility bills and much more by taking advantage of personal Internet Banking.
- Personalised payable-at-par cheque book and monthly e-statements.
CEP Eligibility criteria: Maintain an HSBC Savings Account under the corporate employee programme offered by HSBC; which receives regular salary credit.
# For details on cluster deposits, please visit www.hsbc.co.in
HSBC Premier
HSBC Premier is a global banking experience that offers products and services, suited for 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.
- Personal financial review.
Your day-to-day banking Banking made easy with Premier credit card5 offering global privileges and rewards programme.
- HSBC Premier MasterCard® Credit Card5 which offers you exclusive benefits and rewards.
You and your family (your spouse and children) We understand that your family is your most treasured possession. Which is why, we offer:
- 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).
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.
Eligibility criteria: 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 visit www.hsbc.co.in
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
With choice, from credit cards to home loans to personal loans, you can turn your dreams into reality.
Loans
Smart Home7
A home loan that enables you to save on interest payments and reduce tenure. With Smart Home you get a Smart Home account. The Smart Home account acts as a Current account with an overdraft limit equal to the amount of loan disbursed
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: These tables are based on interest rates which are subject to change and which may not apply to your loan. The computation in this document is based on simulated figures and a number of underlying assumptions. Please consult our home loan sales officer and/or your relationship manager to ensure that you receive complete information on the options available to you.
Living under one’s own roof gives eternal happiness and a sense of security. We make it easier for your employees to realise this dream by offering:
- Preferential lending rates
- Loan amount ranging from Rs. 2 Lakh to Rs. 5 Crore
- Minimal documentation
Personal loans from HSBC, may assists you to go on a dream holiday, buy the latest gadgets or other gifts for their loved ones or to simply overcome a period of immediate cash requirement in a hassle-free way.
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 and Chandigarh 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 your employees enjoy higher returns on a fixed deposit and yet retain the liquidity and flexibility to help 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
Availing of of SmartMoney facility is subject to Terms and Conditions. Please visit www.hsbc.co.in for more details on SmartMoney Account facility
Credit 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: 7 Domestic Flight Ticket vouchers (base fare waiver) 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: 2 Domestic Flight Ticket vouchers (base fare waiver) 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:
- 0% fuel surcharge at all petrol pumps across India: Each fuel purchase transaction for an amount between Rs. 400 and Rs. 4,000 (inclusive of both amounts and excluding the surcharge amount) made on the Credit Card is eligible for the fuel surcharge waiver. Surcharge waiver will be restricted to Rs. 250 per calendar month per Primary Credit Card.
- 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 visit www.hsbc.co.in/Platinum Credit Card section.
- 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 visit www.hsbc.co.in for multiple Credit Card offerings available to you.
Important Notes
Please note that in order to avail of the Corporate Employee Programme 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 'eligibility' criteria, the employees of the corporate can open accounts under the Corporate Employee Programme (CEP) offered by HSBC, and avail of a waiver on the applicable Total Relationship Balance (TRB) or Average Monthly Balance (AMB), on the category of the accounts availed. 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 the account under CEP receiving a salary credit for three consecutive calendar months as mentioned above. Please note that the waiver of charges related to non-maintenance of required Total Relationship Balance (TRB) or Average Monthly Balance (AMB) is not applicable to HSBC Premier. Customers are required to maintain the applicable HSBC Premier TRB Criteria in order to avoid non maintenance charges. In case the employee(s) do not meet this requirement, the TRB/AMB requirements of the account availed of will apply as per the applicable rules of HSBC. Service charges towards other banking transactions will be applicable as per the tariff schedule of the chosen account offered by HSBC. Please visit www.hsbc.co.in for details of the HSBC account service charges.
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.
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.
8. 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.
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