Am I eligible?

To apply for a SmartMoneyAccount:

• You should be a Resident Indian


• You should be minimum 18 years of age


• You should deposit a minimum deposit of Rs. 25,000

What is the balance I need to maintain in the savings account?

You do not need to maintain any balance in your Savings Account. In fact you can overdraw upto 90% of the total amount of all your linked fixed deposits.

How much will I be charged if I use the overdraft?

Interest on amount overdrawn will be charged at the rate of 2% over the weighted average of the interest rates applicable to the linked fixed deposits subject to a maximum of the Bank's Prime Lending Rate as may be declared by the Bank from time to time.

Does this mean that my fixed deposits will be broken before the due date?

Not at all. Your fixed deposits will remain untouched and will continue to earn interest at the rate fixed at the time of placement..

How can I use the overdraft, do I get a chequebook for my savings account?

Yes, you will definitely get a free personalised chequebook for your savings account. You also earn savings interest on the credit balance that you may maintain in your savings account.

I have a savings account at your Fort branch and fixed deposits at Peddar Road branch. Can I open a SmartMoney Account?

Yes. Enjoy a SmartMoney Account even if you have your accounts across different HSBC branches.