The Corporate Employee Programme offers your employees more than just a salary account.
Frequently Asked Questions by Employers
Frequently Asked Questions by Employees
The Corporate Employee Programme will help manage the payroll operations of the Corporate smoothly and seamlessly.
The benefits are:
Know More on Empowering the Employer
Following accounts are offered under HSBC CEP :
HSBC Premier
An individually tailored package of exclusive global banking services that can be accessed by employees from anywhere they choose to live or work in locations where HSBC Premier is offered.
HSBC Advance
An account designed to simplify banking needs for employees while offering them access to various International services.
HSBC Savings Account
An account that will make planning for regular expenses convenient for employees.
The eligibility criteria to open an account under the HSBC Corporate Employee Programme accounts are as follows:
| Corporate Salary Account Classifications | Eligibility Criteria |
| HSBC Premier | Maintain a Total Relationship Balance (TRB)* of Rs. 2,500,000 (Rupees Twenty Five Lakhs only) quarterly |
| HSBC Advance | Net Monthly Salary > Rs. 50,000 |
| HSBC Savings Account | Net Monthly Salary < Rs. 50,000 |
Please note that in order to avail of the HSBC Corporate Employee Programme, your organisation should have a minimum of 10 employees and there should be a formal acceptance of our Corporate Employee Programme offer by the organisation.
Corporates may get in touch with the Bank by:
Calling on our Phone Banking Numbers
OR
Writing in to salaryaccounts@hsbc.co.in
A Corporate Employee Programme Relationship Manager will contact your organisation and provide details on the HSBC Corporate Employee Programme, and assist employees towards account opening.
OR
Visit the nearest HSBC branch in India.
*The HSBC Premier TRB will be calculated based on the following:
1. Savings Account Balances
2. 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
5. Demat Holdings - Calculation 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 HSBC Corporate Employee Programme comes with the following benefits:
Know More on Empowering the Employee
These facilities / features (as will be applicable to account category) can be availed post the on-boarding of the corporate and subsequent opening of the salary account for the employees of the corporate under the HSBC Corporate Employee Programme.
If one's organisation has not been on-boarded
The process can be initiated by the Corporate by writing in to salaryaccounts@hsbc.co.in
However it is important to note that in order to avail of the Corporate Employee Programme, a Corporate should have a minimum of 10 employees and there should be a formal acceptance of the Corporate Employee Programme* offer made to the Corporate by the Bank
A Corporate Employee Programme Relationship manager will contact and provide details on the HSBC Corporate Employee Programme and assist employees towards account opening.
OR
Call us on our Phone Banking Numbers
If one's organisation has already on-boarded
Write in to salaryaccounts@hsbc.co.in and the team at HSBC will get in touch.
OR
Kindly contact the Corporate Employee Programme Relationship Manager assigned for the organisation.
OR
Call us on our Phone Banking Numbers
For opening an account under the HSBC Corporate Employee Programme, the following documents are required :-
| Proof of Identity (PI) | Proof of Residential / Permanent Address (PA) |
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A Reimbursement account is for the purpose of account reimbursement credit/s provided by the organisation.
Under the HSBC Corporate Employee Programme an employee of the Corporate holding a salary account (except for HSBC Premier salary account ) can avail of a waiver on the Total Relationship Balance (TRB) or Average Monthly Balance (AMB), on the category of the accounts as may be applicable. However such waivers 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 . In an event the above is not being met or incase the customer ceases to be an employee of the said Corporate the account shall be subject to maintenance of the required TRB /AMB (as may be applicable) failing which the account shall levied with service charges towards non-maintenance of balance.
*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.