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Fees and Charges

View all Premier fees and charges

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Eligibility

Premier Eligibility criteria:

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$, 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 Oriental Bank of Commerce Life Insurance Company Limited (CHOICe) 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 or locations where HSBC Premier is offered. Please refer to HSBC India website for the complete list of such countries. 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.

Quarterly Service Charges:

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. 

HSBC Premier Banking Services

HSBC Premier Banking Services Fees and Charges

Services

Service Charges & Fees

Regular Services

-

Quarterly Service charge for not meeting the TRB1

0.2% on lower of the TRB shortfalls in 2 consecutive quarters (max ₹2,000 excluding applicable taxes$$)

Balance Enquiry at HSBC branches and ATMs in India

Free

Cash Deposit / Withdrawal at Branch

Free

Balance Certificate 

Free

Interest Certificate

Free

Account Closure

Free

Photo and address Attestation

Free

Signature Attestation

Free

Stop Payment Charges

Free

Duplicate TDS Certificate Issuance

Free

Certificate of Cheque Issuance

Free

"Collect at Branch" Deliverables

Free

Account not operated for more than 2 years

Free

Conversion from Joint Account to Sole Account 
OR Sole Account to Joint Account

Free

Standing Instructions set-up for
transfers between HSBC accounts in India

Free

Security Device Replacement

Free

Personalized at par cheque facility

Free

Re-order of cheque book

Free

Urgent cheque leaf issued over the counter

Free

Monthly Account statement

Free

Issue of Duplicate Account Statement

Free

Monthly E-statement

Free

Statement returned undelivered - Annual fees

Free

Cheque Collection / Return

-

Local cheque

Free

Return of cheque deposited - Outward (Insufficient funds / technical reasons)

₹275 (₹140 for Senior Citizens)

Return of cheque clearance - Inward (Insufficient funds / technical reasons)

₹275 (₹140 for Senior Citizens)

Global Services

-

Emergency Encashment

Free

Phone Banking

-

Stop Payments

Free

Request for Duplicate Statement

Free

Direct access to Phone Banking Service Executives

Free

Re-issue of Phone Banking PIN

Free

Internet Banking

-

Stop Payments

Free

Request for Duplicate Statement

Free

Re-issue of Internet Banking User ID and Password

Free

Remittance Facilities through HSBC

-

Pay Order Issue

Free

Pay Order - Duplicate

₹100
₹50 (for Senior Citizens)

Inter-branch transfers across HSBC accounts in India

Free

Remittance Facilities through other banks

-

Demand Draft - Issue

Free

Demand Draft - Cancellation

Free

Demand Draft- Duplicate

Free

Cashier Orders/ Demand Drafts placed through Internet and PhoneBanking

Free

1NEFT Charges - Outward

Free@

1Outward RTGS Transfers

Free@

ECS Return#

₹275
(₹140 for Senior Citizens)

Foreign Exchange Transactions

-

Foreign Currency Telegraphic Transfers(other than FCNR Accounts)

0.3% of value ( Min. ₹100, Max ₹1,500 ) + cable charge of INR200 + applicable taxes $$

Foreign Currency Demand Drafts (other than FCNR Accounts)

0.3% of value (Min. ₹100, Max. ₹1,500) + applicable taxes $$

Cancellation

₹200 + applicable taxes $$

Telegraphic Transfer - Inward Processing Fee

FREE

Foreign Currency  Cheques sent for Collection Outside India

FREE

HSBC Premier Banking Services Fees and Charges

Services

Regular Services

Service Charges & Fees

-

Services

Quarterly Service charge for not meeting the TRB1

Service Charges & Fees

0.2% on lower of the TRB shortfalls in 2 consecutive quarters (max ₹2,000 excluding applicable taxes$$)

Services

Balance Enquiry at HSBC branches and ATMs in India

Service Charges & Fees

Free

Services

Cash Deposit / Withdrawal at Branch

Service Charges & Fees

Free

Services

Balance Certificate 

Service Charges & Fees

Free

Services

Interest Certificate

Service Charges & Fees

Free

Services

Account Closure

Service Charges & Fees

Free

Services

Photo and address Attestation

Service Charges & Fees

Free

Services

Signature Attestation

Service Charges & Fees

Free

Services

Stop Payment Charges

Service Charges & Fees

Free

Services

Duplicate TDS Certificate Issuance

Service Charges & Fees

Free

Services

Certificate of Cheque Issuance

Service Charges & Fees

Free

Services

"Collect at Branch" Deliverables

Service Charges & Fees

Free

Services

Account not operated for more than 2 years

Service Charges & Fees

Free

Services

Conversion from Joint Account to Sole Account 
OR Sole Account to Joint Account

Service Charges & Fees

Free

Services

Standing Instructions set-up for
transfers between HSBC accounts in India

Service Charges & Fees

Free

Services

Security Device Replacement

Service Charges & Fees

Free

Services

Personalized at par cheque facility

Service Charges & Fees

Free

Services

Re-order of cheque book

Service Charges & Fees

Free

Services

Urgent cheque leaf issued over the counter

Service Charges & Fees

Free

Services

Monthly Account statement

Service Charges & Fees

Free

Services

Issue of Duplicate Account Statement

Service Charges & Fees

Free

Services

Monthly E-statement

Service Charges & Fees

Free

Services

Statement returned undelivered - Annual fees

Service Charges & Fees

Free

Services

Cheque Collection / Return

Service Charges & Fees

-

Services

Local cheque

Service Charges & Fees

Free

Services

Return of cheque deposited - Outward (Insufficient funds / technical reasons)

Service Charges & Fees

₹275 (₹140 for Senior Citizens)

Services

Return of cheque clearance - Inward (Insufficient funds / technical reasons)

Service Charges & Fees

₹275 (₹140 for Senior Citizens)

Services

Global Services

Service Charges & Fees

-

Services

Emergency Encashment

Service Charges & Fees

Free

Services

Phone Banking

Service Charges & Fees

-

Services

Stop Payments

Service Charges & Fees

Free

Services

Request for Duplicate Statement

Service Charges & Fees

Free

Services

Direct access to Phone Banking Service Executives

Service Charges & Fees

Free

Services

Re-issue of Phone Banking PIN

Service Charges & Fees

Free

Services

Internet Banking

Service Charges & Fees

-

Services

Stop Payments

Service Charges & Fees

Free

Services

Request for Duplicate Statement

Service Charges & Fees

Free

Services

Re-issue of Internet Banking User ID and Password

Service Charges & Fees

Free

Services

Remittance Facilities through HSBC

Service Charges & Fees

-

Services

Pay Order Issue

Service Charges & Fees

Free

Services

Pay Order - Duplicate

Service Charges & Fees

₹100
₹50 (for Senior Citizens)

Services

Inter-branch transfers across HSBC accounts in India

Service Charges & Fees

Free

Services

Remittance Facilities through other banks

Service Charges & Fees

-

Services

Demand Draft - Issue

Service Charges & Fees

Free

Services

Demand Draft - Cancellation

Service Charges & Fees

Free

Services

Demand Draft- Duplicate

Service Charges & Fees

Free

Services

Cashier Orders/ Demand Drafts placed through Internet and PhoneBanking

Service Charges & Fees

Free

Services

1NEFT Charges - Outward

Service Charges & Fees

Free@

Services

1Outward RTGS Transfers

Service Charges & Fees

Free@

Services

ECS Return#

Service Charges & Fees

₹275
(₹140 for Senior Citizens)

Services

Foreign Exchange Transactions

Service Charges & Fees

-

Services

Foreign Currency Telegraphic Transfers(other than FCNR Accounts)

Service Charges & Fees

0.3% of value ( Min. ₹100, Max ₹1,500 ) + cable charge of INR200 + applicable taxes $$

Services

Foreign Currency Demand Drafts (other than FCNR Accounts)

Service Charges & Fees

0.3% of value (Min. ₹100, Max. ₹1,500) + applicable taxes $$

Services

Cancellation

Service Charges & Fees

₹200 + applicable taxes $$

Services

Telegraphic Transfer - Inward Processing Fee

Service Charges & Fees

FREE

Services

Foreign Currency  Cheques sent for Collection Outside India

Service Charges & Fees

FREE

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 Premier Platinum Debit Card

HSBC Premier Platinum Debit Card Fees and Charges

Services

Fees

Membership Fee

Free

Annual Fee

Free

Renewal Charges

Free

Card Replacement Fee^^ (India/Overseas)

Free

HSBC ATM Cash Withdrawal^^ (India/Overseas)

Free

Non HSBC VISA ATM Cash Withdrawal (India)

Free

Non HSBC ATM Cash Withdrawal** (Outside India)

₹120 per transaction

Balance Enquiry at any HSBC ATM^^ (India/Overseas)

Free

Balance Enquiry at any non-HSBC VISA ATM (India)

Free

Balance Enquiry at non-HSBC ATM** (Outside India)

₹15 per enquiry

Duplicate Issuance of Pin

Free

Sales Slip Retrieval / Charge Back processing Fee

₹225

ATM Cash Withdrawal Limit (per day)

₹250,000

Purchase Transaction Limit (per day)

₹250,000

Transfer Limits (to accounts linked to or not linked to card) (per day)

₹150,000

Monthly Account Statement

Free

Transactions declined due to Insufficient Funds at ATM 

Free

Currency Conversion Mark-up (Valid for International Transactions)

3.5% of ₹value of the transaction

Per transaction limit for cash withdrawal at Non-HSBC ATMs in India

₹10,000

HSBC Premier Platinum Debit Card Fees and Charges

Services

Membership Fee

Fees

Free

Services

Annual Fee

Fees

Free

Services

Renewal Charges

Fees

Free

Services

Card Replacement Fee^^ (India/Overseas)

Fees

Free

Services

HSBC ATM Cash Withdrawal^^ (India/Overseas)

Fees

Free

Services

Non HSBC VISA ATM Cash Withdrawal (India)

Fees

Free

Services

Non HSBC ATM Cash Withdrawal** (Outside India)

Fees

₹120 per transaction

Services

Balance Enquiry at any HSBC ATM^^ (India/Overseas)

Fees

Free

Services

Balance Enquiry at any non-HSBC VISA ATM (India)

Fees

Free

Services

Balance Enquiry at non-HSBC ATM** (Outside India)

Fees

₹15 per enquiry

Services

Duplicate Issuance of Pin

Fees

Free

Services

Sales Slip Retrieval / Charge Back processing Fee

Fees

₹225

Services

ATM Cash Withdrawal Limit (per day)

Fees

₹250,000

Services

Purchase Transaction Limit (per day)

Fees

₹250,000

Services

Transfer Limits (to accounts linked to or not linked to card) (per day)

Fees

₹150,000

Services

Monthly Account Statement

Fees

Free

Services

Transactions declined due to Insufficient Funds at ATM 

Fees

Free

Services

Currency Conversion Mark-up (Valid for International Transactions)

Fees

3.5% of ₹value of the transaction

Services

Per transaction limit for cash withdrawal at Non-HSBC ATMs in India

Fees

₹10,000

^^ 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.

HSBC Premier Mastercard® Credit Card

HSBC Premier Mastercard® Credit Card Fees and Charges

Services

Fees

Membership Fee

Free

Annual Fee

Free

Renewal Charges

Free

Credit card replacement fee 
(within and outside India)

₹100

Late Payment Charges

50% of min. payment due OR min. of ₹400 and max. of ₹750 per month

Transaction fee for cash 
advances against your credit card 
account at branches and ATMs

2.5% of the transaction (subject to minimum of ₹300)

Overlimit fee

₹500 per month

Currency conversion charge for 
foreign currency transactions

3.5%

HSBC Premier Mastercard® Credit Card Fees and Charges

Services

Membership Fee

Fees

Free

Services

Annual Fee

Fees

Free

Services

Renewal Charges

Fees

Free

Services

Credit card replacement fee 
(within and outside India)

Fees

₹100

Services

Late Payment Charges

Fees

50% of min. payment due OR min. of ₹400 and max. of ₹750 per month

Services

Transaction fee for cash 
advances against your credit card 
account at branches and ATMs

Fees

2.5% of the transaction (subject to minimum of ₹300)

Services

Overlimit fee

Fees

₹500 per month

Services

Currency conversion charge for 
foreign currency transactions

Fees

3.5%

HSBC Premier ATM Card

HSBC Premier ATM Card Fees and Charges

Services

Fees

Membership Fee

Free

Annual Fee

Free

Renewal Charges

Free

Card Replacement Fee

Free

Pin Replacement

Free

HSBC ATM Cash Withdrawal in India 

Free

HSBC Premier ATM Card Fees and Charges

Services

Membership Fee

Fees

Free

Services

Annual Fee

Fees

Free

Services

Renewal Charges

Fees

Free

Services

Card Replacement Fee

Fees

Free

Services

Pin Replacement

Fees

Free

Services

HSBC ATM Cash Withdrawal in India 

Fees

Free

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More Information

Terms & Conditions

A senior citizen is defined as a person above the age of 60 years.

Charges applicable per request, per account and per instrument.

Tariff structure is subject to change from time to time at the sole discretion of HSBC India. HSBC India shall provide one month's notice prior to the revised charges being levied/becoming effective.

Out-of-pocket expenses for various services will be recovered as applicable for all charges unless specified.

"Collect At Branch" Deliverables include following items which can be collected from HSBC India branches: Account Statements, Debit Card, Welcome Kit, Demand Draft, Cheque Book.

The Bank will charge a cross currency conversion markup of 3.5% (plus applicable taxes$$) on all international transactions (ATM & Point of Sale) using the HSBC Premier Debit Card & HSBC Premier Platinum Debit Card.

Use of Debit Card at petrol pumps would invite a surcharge of 2.5% of the purchase value or INR10 (whichever is higher) as per industry standards.

In order to avail Home Banking facility kindly contact your nearest branch for details.

HSBC NRO Premier Debit Cards cannot be used overseas and hence its usage is restricted only to India.

Service Charges will be recovered from the linked Premier Savings account in the subsequent calendar month.

Taxes will be applicable as per the prevailing rates.

The rates, commissions and charges in this tariff are not exhaustive.

The Bank reserves the right to amend the current tariff after providing a 30 day notice to the customers. This is an abridged version. If you require a service for which a charge/fee is not outlined here,please contact your branch or call us or refer to the complete schedule of charges as given on our website www.hsbc.co.in.

Please note that, fees and charges are subject to applicable taxes$$ at the rates as specified under the Finance Act 1994 as amended from time to time. Please be advised that taxes notified by the Government will be applicable on our fees and charges

The information provided is intended as a general guide for reference. Benefits and features are subject to local country regulatory restrictions and applicable Terms and Conditions. Please refer to the Service Charges, Fees and Terms and Conditions for detailed information.

Issuance of credit card is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). All features and benefits are subject to the applicable Terms and Conditions.

$$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.

Reserve Bank of India (RBI) vide its Press Release dated December 5, 2017 has reiterated cautions regarding risk of virtual currencies including Bitcoins.

RBI has cautioned users, holders and traders of Virtual Currencies (VCs) including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with such VCs.

RBI has also clarified that it has not given any licence/authorization to any entity/company to operate such schemes or deal with Bitcoin or any VCs.

We reiterate the concern as per the RBI press release.