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Bank Accounts - Service Charges and Fees

Please note that as per Notification No.14/2015-Service Tax dated 19 May 2015, a service tax @ 14% will be applicable on our fees and charges with effect from 01 June 2015. As per Notification No. 21/2015 and 22/2015, from 15 November 2015, Swachh Bharat Cess @0.5% and with this the effective rate of tax would be 14.5% to include the Swachh Bharat Cess (0.5%). The revised tax will be applicable on the fees and charges that are levied by the Bank.Do approach HSBC PhoneBanking for any clarifications

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HSBC Debit CardHSBC Debit Card

Features / Services Service Charges and Fees
Annual Fee INR 150 (including senior citizens)
HSBC ATM cash withdrawal and balance enquiry (India) Free
Number of free transactions at other bank ATMs in India 5 transactions (financial or non-financial) per calendar month. Subsequent transactions will be charged Rs.20 per transaction*)
Per transaction limit for cash withdrawal at other bank ATMs in India INR 10,000
Other bank VISA ATM cash withdrawals / balance enquiries (outside India) INR 120 per withdrawal / INR 15 per enquiry
HSBC Group ATM transactions (outside India) INR 120 per withdrawal / INR 15 per enquiry
Free for HSBC Premier
Replacement of lost / damaged Debit Card (within / outside India ) INR 150 plus national / international courier charges
Free for HSBC Premier
Sales Slip Retrieval / Charge Back Processing Fee INR 225
Duplicate PIN issue for usage at ATM Free
Transactions declined due to insufficient funds at an ATM INR 25 per transaction
Currency Conversion Mark-up
(International transactions)

* Will be recovered from the linked Savings / Current account in the subsequent calendar month.

Service tax and any other cess applicable as per the prevailing rates.

Please note:
  • Use of Debit card at petrol pumps will attract a surcharge of 2.5% of the purchase value of Rs.10/- (whichever is higher).
  • Some banks may levy an access fee for use of their ATMs abroad which is over and above the ATM cash withdrawal charge levied by HSBC.

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Services Service Charges
#Outward RTGS Transfers
With effect from 01st May 2011
INR 2 lakhs upto INR 5 lakhs INR 25 per transaction##
INR 5 lakh and above INR 50 per transaction
#Outward NEFT Transfer With effect from 01st August 2012
Upto INR 10,000 INR 2.5 per transaction
From INR 10,001 to INR 1 lacs INR 5 per transaction
Above INR 1 lacs to INR 2 lacs INR 15 per transaction
Above INR 2 lacs INR 25 per transaction##
Demand Drafts / Cashier's Orders payable at par at our branches in India5
Up to INR 100,000 INR 100*
INR 100,000 and above 0.1% of value (Max. INR 2,500)*
Demand Drafts on other banks at non-branch locations
Drawn on correspondent banks 0.3% of DD value (Min. INR 100)*
Inter-branch transfers across HSBC accounts in India Free
Telegraphic Transfers (TT) and Foreign Currency Demand Drafts
Foreign Currency Telegraphic Transfers (other than FCNR Accounts) 0.3% of value (Min. INR 100, Max. INR 1,500) + cable charge of INR 200
Foreign Currency Demand Drafts (other than FCNR Accounts) 0.3% of value (Min. INR 100, Max. INR 1,500)
Cancellation INR 200
Telegraphic Transfer - Inward Processing Fee INR 300
Foreign Currency Cheques sent for Collection Outside India 0.5% of INR value (min INR 300 - max INR 15000)
* Free through Internet Banking. 25% of branch charge through Phone Banking.
***Charges will be levied each month for the previous month's transactions unless specified otherwise.
The above fees and charges are subject to a Service Tax of 14% and Swachh Bharat Cess of 0.5%.
'RTGS' - Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis.
'NEFT' National Electronics Funds Transfer System is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.
#This facility requires separate registration.
## Subject to Internet Banking Limits as designated on Customer's HSBC account. On registering for Internet Banking Service, the Customer will be provided with third party pre-designated and non designated limits. Pre-designated limits can be set upto INR 15 Lacs per customer per day and Non designated Limits can be set upto INR 15 Lacs per customer per day. Customers will have the option to increase / reduce his limits as per the maximum limits provided by the bank through his internet banking login. Customers are requested to visit nearest HSBC Branch for executing outward RTGS / NEFT transaction above INR 15 Lacs.
1 Monthly balance has to be maintained for the previous month.
2 Requests placed at Branch, Call Centre and Personal Internet Banking applicable per cheque book.
3 Charges applicable per request .
4 Charges applicable per account. If you are not satisfied about your choice of current / savings account opened with the Bank , within 14 days of making your first payment into the account , the Bank will help you switch to another category of accounts or will refund the deposit made to the account with any interest it may have earned. Account closure charges or account closure notice period will be not applicable in this case.
5 Charges applicable per instrument.
6 Charges applicable per account per quarter.
7 "Collect At Branch" Deliverables include following items collected from HSBC branches: Account Statements, Debit Card, Welcome Kit, Demand Draft, Debit PIN, Internet Banking Password, Phone Banking PIN, Cheque Book.
8 Refer to Self Service Banking Service Charges and Fees.
9 Charges applicable per call.
  • Out of pocket expenses - Interest, postage, courier, cable, telex, Correspondent Bank charges and other charges, if any, will be added / recovered at actual.
  • Service tax will be charged on fees and charges as applicable.


SmartMoney Account SmartMoney Account

Eligibility Service Charges
Minimum Deposit for Smart Money Account: INR 25,000 NA

Features / Services Charges
Overdraft Interest Rate 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


Smart International Account Smart International Account

Eligibility Service Charges
Minimum Deposit as specified for the available Foreign / Local Currency Deposit NA

Features / Services Charges
Overdraft Interest Rate 2% over the weighted average of the interest rates applicable to the linked NRE / NRO fixed deposits plus applicable tax, if any
At the Banks Prime Lending Rates as may be declared by the Bank from time to time plus applicable tax, if any, for overdraft against FCNR(B) deposits

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