Personal banking account

I/We confirm that I/we are sole accountholder(s) or have the required mandate to operate all the account(s) linked to the Debit Card(s) singly.

I/We understand that upon issue of a Debit Card to me/us, the existing ATM Card(s) linked to my/our account(s) will be deactivated. I/We authorise HSBC to debit my/our Primary Account annually with an amount equivalent to the fees and charges for use of the Debit Card.

I/We authorise HSBC to debit my/our Primary Account annually with an amount equivalent to the fees and charges for use of the Debit Card.

I/We confirm that the information given by me/us on this form is true and correct.

I/We will be bound by the terms and conditions of usage of the Debit Card, as laid down in the Cardholder Agreement and the usage of the Debit Card by me/us will be deemed to be automatic acceptance of the said terms and conditions.

I/We will be liable to comply with the rules of the Foreign Exchange Management Act 1999, as amended from time to time and the Rules and Regulations made thereunder (hereinafter collectively referred to as "FEMA") as stipulated by the Reserve Bank of India.

I/We under take to intimate HSBC if I/we become resident(s) of India as per FEMA. I/We further undertake that I/we shall surrender my/our debit card(s) before proceeding overseas on permanent employment and/or emigrating and/or changing my/our nationality.

We would like to take this opportunity to thank you for choosing us as your preferred partner for Depository Services. At The Hongkong and Shanghai Banking Corporation Limited, India (the Bank), we understand your need for a range of services that offer flexibility, convenience, value and choice.

Effective 01 August 2011 there is a revision in the ‘standard’ tariff for depository services availed from the Bank.

The revised tariff schedule, applicable for the Depository Services provided by the Bank is enclosed herewith:

Tariff Sheet - Annexure I (For Individuals) (PDF, 30KB)

Tariff Sheet - Annexure I (For Corporates) (PDF, 415KB)

Basic Service Demat Accounts (PDF, 412KB)

In the event of the Bank being unable to recover service charges due to non-maintenance of adequate balance in the designated/linked bank account or non-payment of outstanding charges (in case a linked account is not held with the Bank) within 30 days of its due date, the Bank may (after giving notice of two days) stop processing of instructions till such time the payment is made along with interest @ 24% p.a.

Common Clauses:

• Please note that basis Goods & 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. This is subject to change, as per the directives received from government bodies/statutory authorities, from time to time.
• All charges / service standards are subject to revision at the Bank's sole discretion and as informed by circulars sent by ordinary post / courier.
• Annual Maintenance Charges would be charged annually on 01st Jan and refundable quarterly for the balance of quarters on closure of Demat Account.
• Demat Transaction charges would be levied on T basis. 
   

The charges quoted above are for the services listed in the Annexure I. Any service not quoted in the Annexure I will be charged separately. 

Important Information:

• Nomination to your Demat Account can be updated by filling in a Nomination Form.
• The Delivery Instruction Books should be kept in safe custody and you should strike-out empty spaces before submission.
• The operating instructions for the joint accounts must be signed by all the holders.
• Check your transaction statements for any unauthorised debits / unintended credits to your account and bring any discrepancy to the Bank’s notice immediately.
• The pledge services will include individual pledge creation request, closure request, pledge invocation receipt and pledge invocation delivery.
• Opting for IDeAS on NSDL website (nsdl.co.in) enables the holders to view details of their holdings on the Internet.
• You can now convert your physical Mutual Fund Holdings into dematerialised form. 
• All instructions for transfer must be submitted at our branches latest by 4 PM, one working day prior to the pay-in date for market trades / execution date for off market trades. (All instructions should be received at-least 24 hours before the execution date at any of our branches). Complete details of our branch locations can be obtained from our website hsbc.co.in
  

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.

The transaction value for forex conversion services is calculated based on the slabs given below: 

Issued by The Hongkong and Shanghai Banking Corporation Limited, India. Incorporated in Hong Kong SAR with limited liability.