Corporate Employee Programme

Important Notes

Please note that in order to avail of the Corporate Employee Programme, 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 Bank.

By virtue of meeting the 'eligibility' criteria, the employees of the corporate can open accounts under the Corporate Employee Program (CEP) offered by the Bank, and avail of a waiver on the applicable Total Relationship Balance (TRB) or Average Quarterly 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 Quarterly 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 service charges is not applicable to HSBC Premier. Customers are required to maintain the regular 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 will apply as per the applicable rules of the Bank. Service charges towards other banking transactions will be applicable as per the tariff schedule of the chosen account offered by the Bank. Please visit www.hsbc.co.in for details of the HSBC account service charges.

*** At the time of handing over Instant Welcome Pack to your employees, the account status will be inactive. Your employees will receive confirmation from the Bank within 5 working days from the date of account opening, confirming the activation of the account number. The Debit Card (if opted for) and Cheque Book will be non-personalised.
¹ You need to call IDD to reach this number. IDD Charges apply.
² Emergency Encashment service for HSBC Premier customers is subject to local regulations. Terms and Conditions apply. A sum up to USD 2000 can be borrowed and further amounts may be made available upon application and assessment by HSBC India. Funds will only be provided in countries where HSBC is located and on submission of adequate identification (such as the Passport, HSBC Premier Credit Card or HSBC Premier Debit Card). Any funds made available by HSBC India are provided subject to Terms and Conditions and is subject to legal and regulatory requirements. MasterCard Emergency Hotline and Premier Emergency services through are operated by International and its appointed agent / third party service provider. Terms and Conditions apply.
Emergency Encashment services for HSBC Advance: You may borrow maximum up to USD 10,000 upon application and assessment by HSBC. Funds will only be provided in countries where the HSBC is located and where you present adequate identification (such as your Passport). Any funds made available by HSBC India are provided subject to Terms and Conditions and is subject to legal and regulatory requirements and balance in the account. Terms and Conditions apply. Emergency Encashment service is subject to local laws and regulations.
³ Credit history will be transferred subject to local regulations.
⁴ Transfer of credit history is applicable in countries or locations where HSBC Premier is offered. Pre-approved Premier Credit Card and other credit facilities shall be granted at the Bank's discretion subject to overall satisfactory account performance, availability of products overseas and local regulations.
⁵ Global View and Global Transfers - This service is available in selected countries only and will be rolled out to more countries in due course of time. In India these services are subject to applicable restrictions under the Foreign Exchange Management Act, 1999. These features are currently offered in Hong Kong, Brunei, India, Indonesia, Malaysia, Singapore, Philippines, Sri Lanka and Taiwan.
⁶ Global Transfers - The services are subject to local regulations and Terms and Conditions apply. Not applicable to telegraphic transfers’ set-up via standing instructions. Outward transfers from India using HSBC India’s Internet Banking services are only permissible through NRE accounts.
⁷ A transaction fee is applicable for balance enquiry and withdrawals from non-HSBC VISA ATMs overseas. All cash withdrawals overseas must be strictly in accordance with the Foreign Exchange Management Act, 1999 (FEMA). The aggregate expenses (i.e. through cash / traveller's cheques / your bank accounts) should not exceed the limits set under FEMA, as amended from time to time. International Debit Cards cannot be used for purchase of items prohibited under FEMA e.g. lottery tickets, banned or proscribed magazines, football pools, racing / riding tickets, participation in sweepstakes, payment of call-back services etc. If in doubt, please contact the Bank for clarification.
⁸ Issuance of the HSBC Credit Card is subject to local regulations and is at the sole discretion of HSBC India. All features and benefits are subject to Terms and Conditions.
⁹ HSBC India currently offers Investment Products from entities registered and regulated in India. These products are currently not available to HSBC Premier NRI customers residing in US, Canada, Australia and New Zealand. HSBC Premier NRI customers residing in countries like United Kingdom, Singapore, Hong Kong will be able to invest in these products through HSBC when they are physically present in India. Investments and services are subject to prevailing market conditions / external factors.
¹⁰ PhoneBanking service in HSBC India is available between 07:00 - 21:00 IST for general enquiries. For IVR transactions, IVR enquiries and for emergency services like Lost Card Reporting and Stop Cheque Instructions, our PhoneBanking service is available 24 hours a day, 7 days a week.
¹¹ A transaction fee is applicable for withdrawals from any ATM outside India. All cash withdrawals overseas must be strictly in accordance with the Exchange Control Regulations of the Reserve Bank of India. The aggregate expenses (i.e. through cash / traveller's cheques / your bank accounts) should not exceed the limit set by RBI, as prevailing from time to time.
¹² Opening of overseas HSBC bank account in select countries for HSBC Advance is applicable in countries or locations where HSBC Advance is offered. The Bank 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 the bank account / deposit will be opened / placed. The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India) is neither responsible nor shall be held liable for any rejection of the application for placing of deposits / opening of accounts.
¹³ Opening of overseas HSBC bank account in select countries for HSBC Premier is applicable in countries or locations where HSBC Premier is offered. Please refer to www.hsbcpremier.co.in for the complete country list. HSBC’s IBC provides assistance towards opening / placing of HSBC deposit / account overseas where HSBC Premier is offered. Opening / placing of such accounts / deposits will be at the sole discretion of the overseas HSBC entity and will be subject to local Terms and Conditions of the country where the account / deposit will be opened / placed. HSBC India is neither responsible nor shall be held liable for any rejection of the application for placing / opening of deposit / accounts.
¹⁴ Only applicable on inward remittances / transactions received through Wire Transfers / Telegraphic Transfers (TT) to select NR accounts opened under the Corporate Expatriate Employee Programme (CEEP). The fund transfer should be received in either USD or in the currency of the customer's country of residence (provided that the currency is one of the currencies supported for Wire Transfers listed on HSBC's website at www.hsbc.co.in) as updated in our records at the time of account opening.
¹⁵ The tariff mentioned is as per Wealth Management Tariff Plans applicable to the Retail Banking and Wealth Management customers of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). The preferential tariff will be applicable to CEP customers who have opted for Tariff Plan A. The transaction charges levied on the CEP customers will be the lower of the preferential charge applicable to CEP and the charge applicable as per the AuM slab (as per Tariff Plan A). Customers also have the option of opting for Tariff Plan B. However, the preferential tariff is not applicable to customers who have opted for Tariff Plan B. Please refer to www.hsbc.co.in for a detailed tariff card and relevant Terms and Conditions for Wealth Management. The concession on tariff would be applicable for investments executed through HSBC during the first 30 days from the date of initiation of Wealth Management relationship with HSBC. At the end of 30 days, transaction charges shall be as per the regular tariff chargeable under Tariff Plan A.
¹⁶ Preferential transaction charges will apply to CEP customers investing in SIPs through HSBC,. For more details please contact your relationship manager.
¹⁷ We wish to inform you that availing the International Services facility for HSBC Advance requires HSBC India to share information with the HSBC Group (HSBC Holdings PLC, its subsidiaries, associated and affiliated companies) relating to you/your employees accounts including without limitation, any personal information and other credit information maintained with or obtained by HSBC India (including those obtained from credit reference agencies) and other members of the HSBC Group.
¹⁸ HSBC is a corporate agent (License Number 961387) of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited which offers and underwrites life insurance products. Insurance is the subject matter of the solicitation.