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Rates & Fees

Interest rates, fees and charges for HSBC products and services

Rates and fees of products and services

Other Rates, Fees and Charges

Penalty on premature withdrawal of Fixed Deposits

The Bank, on request from a depositor, would allow withdrawal of a Fixed Deposit before completion of the period of the deposit agreed upon at the time of placement of the deposit subject to penalty on premature withdrawal of Fixed Deposit as may be applicable. With effect from 1st October 2013, Fixed Deposits will attract a penal rate of 1% on premature withdrawal for any value of fixed deposit irrespective of the date of placement.

Savings Account Interest Rate

Interest Rate for NRE/NRO/ Resident Saving Accounts - 3.5% pa effective from 16 Aug '17.

Marginal Cost of Fund based Lending Rate (MCLR)

The interest rate on your floating rate loan, post 1 April 2016, is linked to the published Marginal Cost of Fund based Lending Rate (MCLR). The MCLR applicable to your loan will be the 3 month MCLR published by the Bank at the beginning of the calendar quarters in January, April, July and October. This will be the benchmark rate for all the new loan disbursals during the calendar quarter. The interest rate on the loan will be reset at the beginning of these calendar quarters as per the revision in the 3 month MCLR. Any change to the 3 month MCLR will lead to a revision in Equated Monthly Instalment (EMI) or the loan tenure at the Bank’s discretion. The revised loan interest rate will be notified to you quarterly by SMS, or e-mail or letter as per the Bank’s prevailing policy, however SMS will be the preferred mode. Though the current benchmark rate is the 3 month MCLR, the bank reserves the right to change the benchmark rate to a different maturity of the MCLR rate, with due notice to you. The interest rate of your loan is 3 month MCLR plus the margin (spread). The margin charged to you will not be increased throughout the tenure of the loan, except on account of deterioration in the credit risk profile of the borrower. The 3 month MCLR is 8.05% p.a. effective 1 March 2018.

The interest rate on your floating rate loan, if disbursed on / after July 01, 2010 till March 31, 2016 is linked to HSBC's Base Rate. Any revision in the Base Rate would impact your interest rate. The Base Rate is 8.90% p.a. effect from 01 June 2017.

The interest rate on your floating rate loan if disbursed prior to July 01, 2010 is linked to HSBC's Retail Lending Rate (RLR) and any revision in the RLR would impact your interest rate. The RLR is 16.15% p.a. effective Thursday, 1 June 2017.

Prime Lending Rate

The Benchmark Prime Lending Rate (BPLR) is 15.50% per annum with effect from 15 May 2007.

The maximum spread above BPLR is 8%.

Safe Deposit Lockers

Safe Deposit Locker Rental Charges

Locker Size

Dimension in CM

HSBC Savings / Current Account (₹)

HSBC Advance (₹)

HSBC Premier 
(₹)

A / Y

(11.75 x 15.88 x 46.99)

3,600

3,300

2,900

B / Z

(15.56 x 19.69 x 46.99)

4,600

4,200

3,700

C

(11.75 x 34.29 x 46.99)

5,200

4,700

4,200

D

(18.42 x 24.77 x 46.99)

7,800

7,000

6,200

E

(15.56 x 41.28 x 46.99)

8,500

7,700

6,800

F

(26.67 x 34.29 x 46.99)

21,000

19,000

17,000

G

(18.42 x 52.39 x 46.99)

21,000

19,000

17,000

H

(31.12 x 41.28 x 46.99)

27,000

24,500

21,500

K

(40.00 x 52.39 x 46.99)

35,000

31,500

28,000

Safe Deposit Locker Rental Charges

Locker Size

A / Y

Dimension in CM

(11.75 x 15.88 x 46.99)

HSBC Savings / Current Account (₹)

3,600

HSBC Advance (₹)

3,300

HSBC Premier 
(₹)

2,900

Locker Size

B / Z

Dimension in CM

(15.56 x 19.69 x 46.99)

HSBC Savings / Current Account (₹)

4,600

HSBC Advance (₹)

4,200

HSBC Premier 
(₹)

3,700

Locker Size

C

Dimension in CM

(11.75 x 34.29 x 46.99)

HSBC Savings / Current Account (₹)

5,200

HSBC Advance (₹)

4,700

HSBC Premier 
(₹)

4,200

Locker Size

D

Dimension in CM

(18.42 x 24.77 x 46.99)

HSBC Savings / Current Account (₹)

7,800

HSBC Advance (₹)

7,000

HSBC Premier 
(₹)

6,200

Locker Size

E

Dimension in CM

(15.56 x 41.28 x 46.99)

HSBC Savings / Current Account (₹)

8,500

HSBC Advance (₹)

7,700

HSBC Premier 
(₹)

6,800

Locker Size

F

Dimension in CM

(26.67 x 34.29 x 46.99)

HSBC Savings / Current Account (₹)

21,000

HSBC Advance (₹)

19,000

HSBC Premier 
(₹)

17,000

Locker Size

G

Dimension in CM

(18.42 x 52.39 x 46.99)

HSBC Savings / Current Account (₹)

21,000

HSBC Advance (₹)

19,000

HSBC Premier 
(₹)

17,000

Locker Size

H

Dimension in CM

(31.12 x 41.28 x 46.99)

HSBC Savings / Current Account (₹)

27,000

HSBC Advance (₹)

24,500

HSBC Premier 
(₹)

21,500

Locker Size

K

Dimension in CM

(40.00 x 52.39 x 46.99)

HSBC Savings / Current Account (₹)

35,000

HSBC Advance (₹)

31,500

HSBC Premier 
(₹)

28,000

Charge for loss of key - ₹1000

Change in locker holder's name / nomination - ₹100

Blocking lockers as a result of an attachment by IT authorities - ₹500

Note: Non refundable administration fee of ₹1,000 will be collected upfront. 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.

Up-Country Cheque Collections within India

Outstation Cheque Collection

(Charges applicable w.e.f. 1 Dec 2008 as per RBI Circular dated 8 Oct 2008) (Charges exclusive of service tax)

₹50 per instrument (upto ₹10,000)

₹INR 100 per instrument (₹10,000 - ₹1 lakh)

₹INR 150 per instrument (greater than ₹1 lakh)

Foreign currency cheque clearance: 0.56% of the value of the cheque or INR 337 whichever is higher.

Others (Issuing a cheque in a country/location where HSBC has branches) 0.35% of the value of the cheque or INR 50 whichever is higher.

Others (Issuing a cheque in a country/location where HSBC has no branches) 0.40% of the value of the cheque or INR 100 whichever is higher.

Bill Payments

Free through Internet Banking and PhoneBanking