HSBC Premier Fees and Charges

HSBC Premier Total Relationship Balance (TRB)¹ criterion:

• Maintain a quarterly Total Relationship Balance (TRB) of ₹ 4,000,000 (Rupees Forty Lakh only); OR
• HSBC Premier mortgage criterion²: Have a mortgage relationship with disbursal of ₹11,500,000 (Rupees One Crore Fifteen Lakh only) or more, with HSBC India; OR
• HSBC Premier Corporate Employee Programme (CEP) criterion³: Hold a corporate salary account under our HSBC’s Corporate Employee Programme (CEP) in India with a net monthly salary credit of ₹ 300,000 (Rupees Three Lakh only) or more into the account

¹HSBC Premier customers in India are required to meet the Total Relationship Balance (TRB) criteria of ₹ 4,000,000 (Rupees Forty Lakhs only) quarterly.

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* 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 above can also include balances maintained by your family members^# in their HSBC Premier Accounts, subject to the accounts being categorized as part of a single relationship^##.

Premier customers meeting premier eligibility as above can add their parents who then can avail Premier benefits as part of the single premier family relationship.

If you are an eligible HSBC Premier customer in any other country/region^$, you are entitled to receive HSBC Premier Services in India and you need not maintain the quarterly TRB with us. If we observe that the eligibility criterion is not maintained consistently, the Bank may be constrained to reclassify your HSBC Premier account to an alternate offering. You will receive further communication and due notice prior to any such account reclassification.

^*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.

^**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 Bharti AXA General Insurance Company (BAGI). 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.

^# 'Family members' in HSBC Premier is defined as any of the following relatives: spouse, partners, and any dependents; children with legal guardianship of eligible HSBC Premier customers.

^##In case of delinking of any individual account/s from the HSBC Premier relationship, the delinked account(s) will be classified as individual account(s) relationship and the quarterly Premier TRB will need to be met.

^$Applicable in countries/regions or locations where HSBC Premier is offered. Please refer to HSBC India website for the complete list of such countries/regions. To enjoy these benefits, you are required to fulfil the eligibility requirements of HSBC Premier on a continuing basis.

² Mortgage eligibility for Premier proposition is based on home loan value of greater than or equal to INR1.15 crores (Rupees one crore fifteen lakh only). The waiver on balance based charges related to non-maintenance of TRB will be valid for the life of the mortgage relationship with HSBC India. Pursuant to the termination of mortgage relationship, you will need to maintain the applicable Premier TRB eligibility.

³ If you do not receive a salary credit/ receive a salary credit of an amount lower than INR 300,000 (Rupees three lakh only), we will reclassify your account to an alternate offering after providing due notice.

HSBC Premier Customers who do not meet the Premier Mortgage criteria or Premier CEP criteria will need to maintain the applicable Premier TRB criteria

If the TRB criteria is not met for a particular quarter, we will levy a quarterly service charge of 0.2% on the shortfall in the TRB, up to a maximum of INR2, 000 (Plus applicable taxes$$).

When you do not meet the minimum TRB for a particular quarter, we will notify you in the following quarter and request you to build the TRB by the quarter

If you build the requisite TRB in the next quarter, we will not levy the service charges

However, if you do not build the TRB for two consecutive quarters, we will levy the service charge on the lower of the TRB shortfall between these two quarters

(Note that the above mentioned service charges will not be applicable for Premier customers who hold a corporate salary account with HSBC)

Details of Levy of service charge:

 We will levy a service charge in proportion to the shortfall in TRB. Specifically, the service charge will be 0.2% (plus applicable taxes $$) of the shortfall.

We will notify you in the next quarter following the end of the quarter in case your account has had a shortfall. You will then have the opportunity to build the TRB to the required level in the next quarter, so as to avoid the service charge. In the event the TRB is restored to the required level in the following quarter, there will be no service charge. If there remains a shortfall, the service charge will be levied on the lower of the shortfalls in the two relevant quarters

For example: If there is a shortfall in TRB for the quarter April to June 2017, we will send you a notification in the next quarter (July to September 2017) advising you of the same. In the event the TRB is restored to the required level for the quarter July to September 2017, there would be no charge for both the quarters. If the TRB is not restored, the service charge shall be applied to the lower of the shortfalls in the two quarters. 

Reclassification: If we observe that the above eligibility criterion is not maintained consistently, the Bank may be constrained to reclassify your HSBC Premier account to an alternate offering. You will receive further communication and due notice prior to any such account reclassification. 

Taxes will be applicable as per the prevailing rates.

If we observe that the eligibility criteria is not maintained consistently, we shall review the same and reach out to you as required.

'RTGS' - Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis.

'NEFT' National Electronics Funds Transfer System is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.

^#Charges applicable w.e.f. 10th Nov 2008 as per RBI Circular dated 08th Oct 2008.
¹This facility requires separate registration.
^@Subject to Internet Banking limits as designated on customer’s HSBC Account. On registering for Internet Banking service, the customer will need to set-up his third party pre-designated and non-designated transfer limits.Pre-designated limits and non-designated limits can be set up to INR15 lakh per customer per day. Customers are requested tovisit nearest HSBC branch for executing outward RTGS/NEFT transaction above INR15 lakh.

^{^^} HSBC NRO Premier Debit Card can be used only in India
^** Not applicable to NRO Cards

Please note:
Use of Debit card at petrol pumps will attract a surcharge of 2.5% of the purchase value of INR10 (whichever is higher).
Some banks may levy an access fee for use of their ATMs abroad which is over and above the ATM cash withdrawal charge levied by HSBC.