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 Locker Rental Charges (with effect from 01 January 2019)

Size

Dimension in Centimeters

(cm)

For Personal Banking customers

(INR)*

For HSBC Advance customers

(INR)*

For HSBC Premier customers

(INR)*

A/Y (11.75 x 15.88 x 46.99) 3,500 3,400 3,200
B/Z (15.56 x 19.69 x 46.99) 5,500 5,200 4,900
C (11.75 x 34.29 x 46.99) 9,000 8,500 8,100
D (18.42 x 24.77 x 46.99) 10,000 9,500 9,000
E (15.56 x 41.28 x 46.99) 13,500 12,800 12,000
F (26.67 x 34.29 x 46.99) 20,500 19,500 18,500
G (18.42 x 52.39 x 46.99) 21,500 20,500 19,500
H (31.12 x 41.28 x 46.99) 28,500 27,000 25,500
K (40.00 x 52.39 x 46.99) 45,000 42,500 40,500
Size
A/Y

Dimension in Centimeters

(cm)

(11.75 x 15.88 x 46.99)

For Personal Banking customers

(INR)*

3,500

For HSBC Advance customers

(INR)*

3,400

For HSBC Premier customers

(INR)*

3,200
Size
B/Z

Dimension in Centimeters

(cm)

(15.56 x 19.69 x 46.99)

For Personal Banking customers

(INR)*

5,500

For HSBC Advance customers

(INR)*

5,200

For HSBC Premier customers

(INR)*

4,900
Size
C

Dimension in Centimeters

(cm)

(11.75 x 34.29 x 46.99)

For Personal Banking customers

(INR)*

9,000

For HSBC Advance customers

(INR)*

8,500

For HSBC Premier customers

(INR)*

8,100
Size
D

Dimension in Centimeters

(cm)

(18.42 x 24.77 x 46.99)

For Personal Banking customers

(INR)*

10,000

For HSBC Advance customers

(INR)*

9,500

For HSBC Premier customers

(INR)*

9,000
Size
E

Dimension in Centimeters

(cm)

(15.56 x 41.28 x 46.99)

For Personal Banking customers

(INR)*

13,500

For HSBC Advance customers

(INR)*

12,800

For HSBC Premier customers

(INR)*

12,000
Size
F

Dimension in Centimeters

(cm)

(26.67 x 34.29 x 46.99)

For Personal Banking customers

(INR)*

20,500

For HSBC Advance customers

(INR)*

19,500

For HSBC Premier customers

(INR)*

18,500
Size
G

Dimension in Centimeters

(cm)

(18.42 x 52.39 x 46.99)

For Personal Banking customers

(INR)*

21,500

For HSBC Advance customers

(INR)*

20,500

For HSBC Premier customers

(INR)*

19,500
Size
H

Dimension in Centimeters

(cm)

(31.12 x 41.28 x 46.99)

For Personal Banking customers

(INR)*

28,500

For HSBC Advance customers

(INR)*

27,000

For HSBC Premier customers

(INR)*

25,500
Size
K

Dimension in Centimeters

(cm)

(40.00 x 52.39 x 46.99)

For Personal Banking customers

(INR)*

45,000

For HSBC Advance customers

(INR)*

42,500

For HSBC Premier customers

(INR)*

40,500

*Goods and Service Tax will be applicable as per prevalent rules

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