Executive Banking

Salary criteria for the Executive Banking proposition is offered to customers holding a salary account with a net monthly salary credit of INR 10,00,000 (Rupees Ten lakh only) or more which includes customers holding a salary account under the HSBC Employee Banking Solutions (EBS) (see section 5) with a net monthly salary credit of INR 10,00,000 (Rupees Ten lakh only) or more. Customers who do not meet the Executive Banking salary criteria will need to maintain the applicable Executive Banking TRB eligibility criteria.

HSBC Executive Banking customers in India are required to meet the quarterly Total Relationship Balance (TRB) criteria of INR 2,00,00,000 (Rupees Two Crores only). The TRB will be calculated based on the following:

• Average quarterly balance held in your HSBC Savings/Current Account(s)
• Average quarterly balance held in your HSBC Fixed Deposits
• Investments (see section 3) market value or net purchase value, whichever is higher as on the last day of every calendar quarter
• Life-to-date (total) paid-up life insurance premium for policies in force as on the last day of every calendar quarter
• Market value of demat holdings in the depository account held with HSBC India as on the last day of every calendar quarter

The TRB will also include balances maintained by family members (as defined above) in their HSBC Premier Accounts, subject to the accounts being categorized as part of a single relationship.

3 The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India) currently offers investment products from third party entities registered and regulated in India. Investments 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.

4 Insurance 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 Life Insurance Company Limited (CHL) and ICICI Lombard General Insurance Company (ILGIC). 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. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. For more details on risk factors, terms and condition, please read the sales brochure carefully before concluding a sale.

5 Under the HSBC Employee Banking Solutions (EBS) salary criteria, an employee of the corporate holding a salary account can avail of a waiver on the Total Relationship Balance (TRB) subject to the employee being a part of the corporate and the account under Employee Banking Solutions receiving a salary credit for three consecutive calendar months. In an event the above is not being met or in case the customer ceases to be an employee of the said corporate the account shall be subject to maintenance of the required TRB criteria failing which the account shall be levied with a below balance fee towards non-maintenance of TRB.