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Savings Account
Open a New HSBC Savings Account Online
Open a new savings account and make planning for your regular expenses convenient. You can accommodate your financial needs when making big purchases or meeting unexpected expenses. You also earn interest on the unutilised savings in your account.
Know more
Enjoy higher purchase transaction limits on the HSBC debit card^. The limits for resident accounts are as follows:
- Savings Account (Resident customers): INR 40,000 per day
We are sure you will enjoy shopping on your HSBC debit card with this added benefit and we look forward to your continuing patronage+.
Savings Account Features & Benefits
Open a HSBC Savings Account with no hidden costs
- You can automatically transfer extra savings from your savings account to a fixed deposit, through a standing instruction++ to enable you to earn higher interest
- You are also eligible for HSBC credit cards***
- Transfer funds in an easy, fast and convenient manner with the Card-to-Card Transfer facility using the Visa Money Transfer Service. To know more, Click Here.
- Keep a track of your account with Free Monthly E-statements. You will receive a mail every month to your internet banking messages inbox as well as your personal email address (provided your personal email id is registered with the Bank) informing you when your E-Statement is ready.
- You can also collect your monthly paper statements from your branch of account by visiting your branch of account in person to collect the same
- Monthly statements will only be available for collection in the branch for the preceding month (i.e. please visit the branch in April 2010 to collect your March 2010 statement)
- Personalised chequebook
- Transact in mutual fund# products offered by select mutual fund houses
- Choose from a range of Life and General Insurance## products offered by our partners, Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. and Tata AIG General Insurance Co. Ltd.
- Manage and transact on your savings account, pay your bills and much more by taking advantage of HSBC's Personal Internet Banking
ATM access
Our wide network of ATMs has made banking all the more convenient for you. Withdraw cash, transfer funds, deposit cheques and cash, request for a bank statement, cheque-book or mini-statement and check your balances.
International debit card
Use the international debit card to make purchases at 3,50,000 merchant establishments in India and at 26 million across the world. Withdraw cash from over 23,500 HSBC/Visa/Plus ATMs in India and from over 1 million VISA ATMs across the world*.
Credit card
Get an HSBC credit card that lets you access your Savings Account at HSBC ATMs worldwide. Perform banking transactions like cash withdrawals, balance inquiries and transfer of funds**. You can also withdraw cash from your HSBC Current / Savings Account at any of our VISA / MasterCard ATMs worldwide*.
Special relationship discounts
Our HSBC customers (for 6 months or more) are entitled to a 0.5% discount on the upfront processing fee for Home loans and Personal/Professional loans and on the annual service charges for Asset Link.
Revised Eligibility Criteria w.e.f. July 2011
(i) Average Monthly Balance (AMB) of INR 75,000 in a combination of savings account, current account and fixed deposit balances including a minimum monthly balance of INR 25,000 in the savings / current account. Senior Citizens are required to maintain an AMB of INR 10,000 in a combination of savings account, current account and fixed deposit balances
OR
(ii) Smart Money facility with a minimum fixed deposit of INR 200,000
OR
(iii)Hold a Corporate Salary Account under the Corporate Employee Programme@@
Free passbook facility w.e.f. Aug 1st 2007
Passbooks can be collected from the nearest branch and can be updated personally with transactions up to three† preceding months.
^ HSBC Debit Card application is optional. Annual fee of INR 150 (plus service tax) for each debit card, including additional debit cards will be levied
+ Debit card undertaking / Declaration is required to be signed to avail of this benefit.
++For charges related to standing instruction, please refer to Account Service charges and Fees.
* A transaction fee is applicable for withdrawals from other bank ATMs outside India. All cash withdrawals overseas must be strictly in accordance with the FEMA 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.
International debit cards cannot be used for purchase of prohibited items 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.
** The facility of accessing your Current/Savings Account with your credit card from HSBC will be provided only when specifically requested by you.
*** Issuance of credit card is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India. All features and benefits are subject to Terms and Conditions.
# Mutual Funds are subject to market risks. Please read the offer document carefully before investing.
## Insurance is the subject matter of solicitation. HSBC India is a Corporate Agent of Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. and TATA AIG General Insurance Co. Ltd. HSBC India does not accept any responsibility for the actions and/ or decisions of either of the Insurance Companies. Conditions apply.
@@ 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 Average Quarterly Balance (AMB). Please note that the waiver of charges related to non-maintenance of required 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.
† Records of transactions made prior to three months will be posted on request and charged as per existing tariff.
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