Automatically transfer extra savings from your savings account to a fixed deposit
Features & Benefits
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
Your HSBC debit card is internationally valid and very handy when you are traveling abroad. Access to HSBC Group ATMs and ATMs affiliated to the Visa network and access to Visa merchant outlets worldwide.* Enjoy higher purchase transaction limits on the HSBC debit card^. The limits for resident accounts are as follows:
Savings Account (Resident customers): ₹40,000 per day
Passbooks can be collected from the nearest branch and can be updated personally with transactions up to three† preceding months.
With effect from April 2015
Senior Citizens are required to maintain an AQB of ₹10,000 in a combination of savings account, current account and fixed deposit balances. . Please note that there will be no service charge levied on senior citizen accounts in case the eligibility criteria is not met.
The Eligibility criteria for HSBC Savings or Current Account is to be maintained as per the mode of operation of the account. Customers holding multiple accounts with the Bank and maintaining separate account operating mandates, the eligibility criteria has to be maintained separately.
Customers need to fulfill the HSBC Savings Account AQB, failing which a quarterly Service Charge of 1% (plus applicable taxes$$) of the shortfall of the AQB will be levied for the quarters in which the eligibility criteria is not met. A notification will be sent to customers in the month immediately following the end of the quarter in case the account has had a shortfall. In the event the AQB is restored to the required level in the following quarter, there will be no charge. If there remains a shortfall, the Service Charge will be levied on the lower of the shortfalls in the two relevant quarters.
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When it comes to assured returns, choosing the right type of savings scheme makes all the difference
HSBC enables you to enjoy all the benefits of a savings account coupled with the high returns of a fixed deposit.
^ HSBC Debit Card application is optional. Annual fee of INR 150 (plus applicable taxes$$) 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.
1By 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 Monthly Balance (AMB). However, the waiver of charges related to the non-maintenance of required Average Monthly Balance (AMB) will be subject to the employee being a part of the Corporate and the account receiving salary credit for three consecutive calendar months.
2The waiver of minimum balance maintenance is available on the account being used for the servicing of the EMI towards Home Loan availed from HSBC. This waiver is valid throughout the mortgage relationship with HSBC. Pursuant to the termination of the mortgage relationship, the waiver will cease and customers will have to maintain the Average Monthly Balance (AMB) requirements of HSBC Savings Account as per the applicable rules of HSBC.
† Records of transactions made prior to three months will be posted on request and charged as per existing tariff.
$$Please note that basis Goods and Services Tax (GST) regulations and notified GST rates, Central GST and State/Union Territory GST or Inter-State GST, as applicable, would apply on our fees and charges with effect from 01 July 2017.
*Ration card issued by the authorities in the state of Gujarat and Maharashtra should not be accepted as a proof of residential/permanent address of the customers. If the ration card has been issued from any other state and the ration card specifically states that it has been issued only for ‘ration purposes’, such ration cards should also not be accepted as a proof of residential/permanent address. For all other states (i.e. other than mentioned above), where the ration card is accepted, these should be accompanied with a satisfactory residence verification/telephone verification (RVTV) undertaken by a Bank staff and a RVTV report should be completed in the prescribed format. In case of ration card being accepted as a proof of permanent address, a residence verification need not be insisted upon.