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Corporate Employee Programme

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

Corporate Employee Programme* - Eligibility Criteria

Corporate Salary Account* Classifications Eligibility Criteria
HSBC Premier Relationship Balance (TRB) criteria of Rs. 2,500,000/- (Rupees Twenty Five lacs only) quarterly.

The TRB will be calculated based on the following:
  1. Savings Account Balances - Calculated basis average quarterly balance held in the savings account.
  2. Fixed Deposits - Calculated basis average quarterly balance held in fixed deposits.
  3. Investments as on the last day of every calendar quarter.
  4. Life Insurance Premium - Calculated basis Life to date (total) paid up premium for policies in force as on the last day of every calendar quarter.
    Demat holdings5 - Calculated basis Market Value of Demat Holdings in the Depository Account held with the Bank as on the last day of every calendar quarter.
HSBC Advance Net Monthly Salary Credit of Rs. 50,000 (Rupees fifty thousand) and above.
HSBC Savings Account Maintain an HSBC Savings Account under the Corporate Employee Program offered by the Bank which receives regular salary credit.

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.

Contact us

Call us on our Phone Banking Numbers

Or

Write to us at salaryaccounts@hsbc.co.in

A Corporate Employee Programme Relationship manager will visit you and provide details on the Corporate Employee Programme, and assist your employees towards account opening.

* By virtue of meeting the 'eligibility' criteria, the employees of the Corporation 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 Quarterly Balance (AMB) as applicable on HSBC Advance and HSBC Savings Account category. We wish to inform you 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. Non-maintenance of the above mentioned TRB criteria would entail quarterly service charges of Rs. 2,500 + applicable service tax & education cess.

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 Corporation and the account under CEP receiving a salary credit for three consecutive calendar months as mentioned above. In case the employee(s) do not meet the eligibility requirement as defined above, the TRB / AMB requirements of the account availed by the employee shall 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 India.