Why choose a HSBC CEP Account?
A comprehensive offering for your banking needs.
We know that personal ambitions are nurtured by family, network of friends, contacts and colleagues that inspire you to keep aiming higher. Your ambitions are likely to be achieved with the help of your support system.
The Corporate Employee Programme (CEP) from HSBC is designed to empower and assist corporate employees in meeting their banking needs
It offers banking products and services to address the customer’s varying needs effectively, efficiently and conveniently
This enables employees of an organisation to collectively leverage on the benefits offered through the Corporate Employee Programme
HSBC Premier, HSBC Advance and HSBC Savings account are comprehensive and will help your employees to fulfil their financial needs
Ways to open:
Features & Benefits
- No minimum balance requirement for CEP accounts receiving salary credit
- Unlimited free ATM transactions at HSBC and other bank VISA ATMs in India
- No charges on NEFT/RTGS transactions and demand drafts
- Waiver on annual debit card fees
- Reimbursement account – a separate current account for seamless reimbursement management
- Staff assisted digital account opening with Instant Welcome Packs (IWP)
- Multiple credit card offerings
- Preferential rates on Personal and Home Loans
- Internet Banking, HSBC Mobile Banking, HSBC SimplyPay UPI App, Online utility bill payment facility, etc
CEP Service Support
An enhanced service model for CEP customers
- Callback service: SMS 'CORP' to 575750 and HSBC representative will call you between 9 am to 6 pm on the next working day (Monday to Friday).
Please SMS from your mobile number registered with HSBC
- HSBC PhoneBanking numbers
- HSBC Branch Network
- A dedicated Corporate Account Manager assigned to the organization
Choice of Banking Relationships
Hold a corporate salary account under the HSBC Corporate Employee Programme (CEP) in India with a net monthly salary credit of ₹300,000 (Rupees Three Lakh only) or more into the account
CEP eligibility criteria from 01 October 2017: Hold a corporate salary account under HSBC's Corporate Employee Programme in India, with a net monthly salary credit of ₹50,000 (Rupees fifty thousand) or more into the account AND any one of the criteria mentioned below within 12 months of HSBC Advance classification:
- Hold an active3 credit card with HSBC
- Have a Home Loan or Personal Loan with us, where the EMIs are being debited from your Advance account4
- Maintain a Total Relationship Balance (TRB) of ₹2,00,000.
For details on the HSBC Advance eligibility criteria, please visit the Advance section of this website.
HSBC Savings Account
Maintain an HSBC Savings Account under the Corporate Employee Program offered by the Bank which receives monthly salary credit in the account.
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You might also consider
Basic Savings Account
Basic savings bank deposit account offered by HSBC India lets you avail banking services without fees or minimum balance in account.
HSBC enables you to enjoy all the benefits of a savings account coupled with the high returns of a fixed deposit.
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Other Terms & Conditions
All loans are subject to terms and conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). Interest rates are subject to change from time to time at the Bank’s discretion. Issuance of credit card is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India. The above benefits and waivers are subject to terms and conditions.
1HSBC India currently offers investment products from third party entities registered and regulated in India. Investments and services are subject to prevailing market conditions / external factors. Mutual funds are subject to market risks. Please read the Statement of Additional Information (SAI) / Key Information Memorandum (KIM) / Scheme Information Document (SID) and addendums carefully before investing.
2Insurance is the subject matter of solicitation. The Hongkong and Shanghai Banking Corporation Limited, India (Licence Number: 961387) whose registered office is at 52/60, M. G. Road, Fort, Mumbai 400 001, is the Corporate Agent of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited. The Hongkong and Shanghai Banking Corporation Limited, India does not underwrite the risk or act as an insurer. For more details on risk factors, terms and conditions, please read sales brochure carefully, before concluding a sale.
3Active credit card denotes customer initiated transactions in 90 days preceding the assessment date.
4This criteria will be valid for the life of the mortgage or Personal Loan relationship with HSBC India. Pursuant to the termination of the mortgage or personal loan relationship, the TRB OR active credit card requirement of HSBC Advance will apply as per the applicable rules of HSBC India.
Please note that in order to avail of the Corporate Employee Programme from HSBC, 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 Hongkong and Shanghai Banking Corporation Limited, India (hereinafter referred to as HSBC).
By virtue of meeting the ‘eligibility’ criteria, the employees of the corporate 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 (AQB), on category of the accounts availed. Please note that the waiver of charges related to non-maintenance of required Total Relationship Balance (TRB) or Average Quarterly Balance (AQB) 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 as mentioned above.
In case the employee(s) do not meet this requirement, the TRB/AQB requirements of the account availed will apply as per the rules of HSBC. Service Charges towards other banking transactions may also be applicable as per the Tariff Schedule of the relevant account offered by HSBC. Please visit www.hsbc.co.in for details of the HSBC account Service Charges.
1HSBC will charge a cross currency conversion markup of 3.5% (Service Tax extra) on all international transactions (ATM and Point of Sale) using the HSBC Advance Platinum Debit Card. A transaction fee is applicable for balance enquiry transactions at HSBC ATMs outside India. A transaction fee is also applicable for withdrawals and balance enquiry transactions at non-HSBC ATMs outside India. All cash withdrawals overseas must be strictly in accordance with the Exchange Control 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. For detailed account rules and Tariff Schedule of HSBC Advance, please visit www.hsbcadvance.co.in
2Local currency equivalent, if the card is defined for and is used internationally at Visa ATMs.
3Global View and Global Transfer – These services are available in selective countries only and will be rolled out to more countries in due course. For detailed terms and conditions and list of countries, visit www.hsbcadvance.co.in. In India, these services are subject to applicable restrictions under the Foreign Exchange Management Act, 1999.
Global Transfers − Subject to local regulation. Global Transfers from India using HSBC’s Internet Banking services are only permissible through Non-Resident External (NRE) accounts. All foreign currency transactions through HSBC India are subject to Service Tax
4HSBC currently offers investment products from third party entities registered and regulated in India. Mutual fund investments are subject to market risks. Please read, the Scheme Information Document (SID), Statement of Additional Information (SAI), Offer document, Key Information Memorandum (KIM) and addendums, as applicable, issued from time to time, carefully before investing.
Wealth management services are offered to HSBC Premier and HSBC Advance customers only.
5Insurance is the subject matter of solicitation. HSBC India having its registered office at 52/60, M. G. Road, Fort, Mumbai - 400 001, is the Corporate Agent (Registration No.: CA0016) of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (CHOICe) (IRDA Regn. No. 136) and Bharti AXA General Insurance Company (BAGI) (IRDA Regn. No. 139). HSBC India does not underwrite the risk or act as an insurer. For more details on risk factors, terms and conditions, please read the sales brochure carefully, before concluding a sale. Purchase of any insurance products by a Bank’s customer is purely voluntary and is not linked to availment of any other facility from the Bank.
6Under emergency assistance offered by HSBC Advance, you may borrow a maximum of up to USD 10,000 upon application and deposits/accounts assessment by HSBC. Funds will only be provided in countries where HSBC is located and where you present adequate identification (such as your passport). Any funds made available by HSBC are provided subject to terms and conditions and is subject to legal and regulatory requirements. Terms and conditions apply. Emergency encashment service is subject to local laws and regulations..
7Loyalty Programme is subject to terms and conditions. Please visit Personal Banking section on our website www.hsbc.co.in for details
8Issuance of credit card is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC) and is subject to terms and conditions and external and internal checks/verification
9Subject to terms and conditions. Please visit "Preferential rates and rewards" section of our website www.hsbcadvance.co.in for details.
10Issuance of HSBC India's Premier Mastercard“ Credit Card is subject to local regulations and is at the sole discretion of HSBC India. A waiver of joining fees and annual fees is available on your primary card as well as on any add-on cards. Other charges apply.
11 All loans are subject to terms and conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). The loan amount may vary subject to conditions and the internal credit policy of HSBC. Currently Home Loan is available to applicants and for properties in and around the city limits of (sourcing cities) Ahmedabad, Bengaluru, Chandigarh, Chennai, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi (NCR) and Pune; and the same are subject to change from time to time. Terms and conditions apply. Please visit Home Loans and Loans Against Property sections on our website www.hsbc.co.in for detailed terms and conditions.
12 All loans are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). Personal Loans are available in the cities of Ahmedabad, Bengaluru, Chandigarh, Chennai, Cochin, Delhi, Hyderabad, Jaipur, Kolkata, Mumbai and Pune only and are subject to change from time to time. Terms and conditions apply. Please visit Personal Loans section on our website www.hsbc.co.in for detailed terms and conditions.
Terms and conditions apply. Please visit Personal Loans section on our website www.hsbc.co.in for detailed terms and conditions.
13HSBC Terms and Conditions for Introductory offer: The cashback offer has been provided by The Hongkong and Shanghai Banking Corporation Limited, India (HSBC/Bank) to its New to Bank (NTB) HSBC Platinum Credit Cardholders (hereinafter referred to as ‘Cardholders’) who have applied for and have been issued a HSBC Platinum Credit Card (Credit Card) under this offer on or after 1 January 2017 to 30 June 2017. Participation in the offer is voluntary. This offer is for Resident Indian customers only
This offer is also applicable to existing HSBC Credit Cardholders who have applied for an upgrade to new HSBC Advance Platinum Credit Card
The Cardholders will be entitled to 10% cashback in the first 90 days of issuance of the credit card on a minimum spend of INR 10,000 subject to a maximum of I(NR 3,000 as cashback (Offer)
The Cardholder is required to do 3 transactions per month to qualify for the cashback Offer
The month period is considered as 30 days and will be counted from the credit card issuance date
This is a limited period Offer and HSBC in its sole discretion reserves the right to add, alter, modify, change or vary all or any of these terms and conditions or to replace, wholly or in part, this programme by another programme, whether similar to this programme or not, or to withdraw it altogether at any point in time by providing appropriate intimation
Under this Offer, the Cardholder will not be eligible for the fuel surcharge waiver benefit for the first 90 days from the credit card issuance
Eligible cashback amount will be credited within 45 days after completion of 30 days from credit card issuance. The eligible cashback amount will be credited to the credit card account of the Cardholder
Cardholders are required to fulfil the respective spending requirements of minimum 3 transactions every month within 90 calendar days of the date of issuance of the new credit card. The amount spent is calculated based on the spending of `10,000 or more made by the newly approved credit card and refers to all types of sales transactions (including but without limitation, bill payments, online purchases, mail and telephone orders and insurance payments). Non-sales transactions, including but without limitation, finance charges, cash advance and cash advance charges, late payment charges, balance transfer or annual fees are not included
If the Cardholder does not use the credit card for 3 transactions in a given month (30 days, 60 days or 90 days) then the spends for that month will not be considered for the overall cashback calculations
Cancelled or refunded transactions are also not included in the spending amount calculation
HSBC Credit Cardholders, who have not made the payment of their minimum amount due, even after 30 days of the last payment due date (mentioned on the card statement) will not be eligible for the Offer
As a part of credit card application procedure, we will require your recent passport size photograph; PAN card copy, address proof and self-attested copy of your valid photo identity document. You will be contacted for collection of these documents. The documents submitted along with the application will be kept with the Bank for record purposes and will not be returned
Issuance of the credit card is at the sole discretion of the Bank and is subject to the Bank's approval criteria
Interest needs to be shown and express consent must be provided in writing/calling on the toll free number or by providing an SMS to be called in relation to the Offer
When the Cardholder shows any interest in the Offer by reaching out to the Bank by way of any of the above modes such as writing/calling on the toll free number or by providing an SMS, the said communication shall be treated as explicit and express consent to HSBC (including its representatives, group companies and service providers) to call the Cardholder on the contact number provided by the Cardholder in relation to the HSBC Credit Card irrespective of whether the Cardholder is a part of National Do Not Call registry/Do Not Call registry/National Customer Preference register
All conditions of the HSBC Credit Card issuance shall apply. Please visit www.hsbc.co.in for detailed terms and conditions. Issuance of the card will be at the sole discretion of HSBC
The offer is subject to force majeure events
Tax liability, if any, will be borne by the Cardholder
Disputes, if any, arising out of or in connection with or as a result of above Offer or otherwise relating hereto shall be subject to the exclusive jurisdiction of the competent courts/tribunals in Mumbai only
By participating in this Offer, the customers shall be deemed to have accepted all the aforementioned terms and conditions in totality
14 The interest rate starting at 11.49% p.a. will be applicable only to Resident HSBC Customers transferring their existing Personal Loan and availing Personal Loan of greater than or equal to INR 10 Lakh. Resident HSBC Customers, who transfer their existing Personal Loan and avail Personal Loan of amount from INR 5 Lakh to INR 10 Lakh will be eligible for an interest rate of 11.69% p.a. and loan amount less than INR 5 Lakh will be eligible for an interest rate of 11.95% p.a. (Offer).