Premier Account Product Offerings

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HSBC Premier
Features
Product Offerings

Wealth Management Services (WMS)

At HSBC, it has been our constant endeavour to offer wealth management solutions that helps you to manage your financial needs. In order to facilitate the same, our professionally trained and accredited Relationship Manager will assist you with the 'Goal Planner', a goal planning tool to help you manage your financial needs. This tool offers you comprehensive financial analysis, risk profiling and tailored wealth solutions.

Based on your speciﬁc investment needs, investment objectives and risk proﬁle, our Relationship Manager will help you to develop a plan towards achieving your ﬁnancial goals. We will also provide you with insightful global and local market information to help you make informed investment decisions.

Our wealth management solutions include a range of investment and insurance¹³ products from trusted partners. We also offer access to seamless banking services and a secure online platform to take care of your investments.

Investments

Currently we offer a list of select mutual fund products based on in-house research methodology, which may fulﬁll your requirements, thus helping you create and increase¹¹ your wealth potential in the long term.

Some of the beneﬁts of investing in mutual funds are:

Professional Management: The experts (Fund Manager) manage and operates the Mutual Funds. The fund manager keeps a watch on the markets to identify the opportunities for your investments
Diversification: It reduces the risk involved in building a portfolio, and reduces the risk of investing in one particular stock or sector. Additionally, it gives you a broader exposure to various stocks and sectors
Easy access to your money: One can buy or sell mutual fund on any dealing day. You can get easy access to your money at short notice (ranging between 3 to 10 days)
Well Regulated: Mutual funds in India are regulated and monitored by the Securities and Exchange Board of India (SEBI). The body protects the interests of investors

Life Insurance

We offer a range of life insurance products from Canara HSBC Life Insurance Company (CHL) from unit linked to endowment plans to pure protection plans, offering you an array of flexible life protection products¹³ for you and your family.

Demat Services

We offer you demat account services to enable you to hold your securities such as equity shares, bonds, etc. in electronic form.

Fixed Deposits

When it comes to assured returns¹⁴, choosing the right type of savings scheme makes all the difference. We have options for fixed deposits that you can choose from, such as ordinary/cumulative fixed deposits. Continue to earn interest on the fixed deposits by opting for a SmartMoney Account facility, and enjoying an overdraft of up to 90% on the deposit amount. You can pay interest only on the amount overdrawn¹⁵, while you earn interest on 100% of your fixed deposit.

Support Services

Consolidated statements: To ensure that you get a holistic view of your portfolio, we provide you with a monthly consolidated statement, which details your holdings across fixed deposits, mutual funds and loans availed of, through the Bank.

WMS statements: In addition to the consolidated statement, you will also receive a monthly wealth management statement that details your investments in mutual fund schemes done through HSBC India.

Mortgage

Home Loan from HSBC

Home is more than just a postal address – it's a way of life. We understand that buying a house is one of the most important decisions in life! We make it easier for you to realise your dream with our Home Loans.

Be it for buying your perfect home, your big move, an investment option or a vacation home, find the perfect loan with HSBC

Home Loan up to INR 300,000,000
Preferential Interest Rates for HSBC Premier Customers¹⁶
Home Loan tenure up to 25 years
Attractive Balance Transfer proposition - Reduce EMIs or your loan tenure by switching your existing home loan to HSBC
Opt for Smart Home Loan - A home loan that enables you to save on interest payments and reduce tenure of the loan. Learn more about Smart Home Loans
Loans are available for purchase of ready properties and under construction properties approved by HSBC

For more information on HSBC Home Loans, please reach out to your Relationship Manager or visit our Home Loans page.

Loan Against Property (LAP) from HSBC

Make your property work for you with a Loan Against Property. With LAP from HSBC, you can raise funds against your residential property be it for the perfect makeover for your home, child’s education, consolidating debts or any other personal or business need!

Loan Against Property up to INR 300,000,000
Preferential Interest Rates for HSBC Premier Customers¹⁶
LAP tenure up to 15 years
Attractive Balance Transfer proposition - Reduce EMIs or your loan tenure by switching your existing LAP to HSBC
Opt for Smart LAP - A LAP that enables you to save on interest payments and reduce tenure of the loan. Learn more about Smart LAP

For more information on HSBC LAP, please reach out to your Relationship Manager or visit our Loan Against Property page.

Personal loans

When expenses arise, like your child's marriage, furnishing your home, higher education for your children or a family holiday, you can turn to a Personal Loan from HSBC.

The maximum loan amount that can be availed of under Personal Loan is INR3,000,000^{^}
No requirement of collateral/guarantor
Interest rates starting @ 10.50%^{^^}
Processing fee up to 1% of the disbursed loan amount
Flexible Tenure Options offered between 6-60 months
Foreclosure^{^^^} charges up to 3.75%

^{^}The loan amount may vary, subject to credit and other internal credit guidelines of HSBC India.

^{^^}The interest rate starting at 10.50% p.a. will be applicable only for loan tenor upto 12 months

^{^^^}Foreclosure option is available only after completion of lock-in period as per the terms detailed in the Personal Loan agreement.

HSBC customers can avail personal loans in the cities of Ahmedabad, Bengaluru, Chandigarh, Chennai, Cochin, Coimbatore, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi and Pune.

Sanction of Loan is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC).

More information

Who can apply?

To apply for HSBC Premier, check that you meet at least one of the following Premier eligibility criteria in India:

HSBC Premier Total Relationship Balance¹ (TRB) criterion: Maintain a quarterly Total Relationship Balance (TRB) of INR4,000,000 (Rupees forty lakh only) OR
HSBC Premier salary criterion²: Maintain a salary account with a net monthly salary credit of INR300,000 (Rupees three lakh only) OR
HSBC Premier mortgage criterion (effective 01 Oct 2024)³: Avail a mortgage relationship of INR11,500,000 (Rupees one crore fifteen lakh only) and meet the Total Relationship Balance¹ (TRB) criterion of INR 4,000,000 (Rupees forty lakh only) within 12 months from the date of first disbursement of the mortgage loan.

Premier global benefits:

Customers holding an active* Premier account in India, are entitled to Premier status in other countries where HSBC offers Premier, subject to terms and conditions of the other country
Customers holding an active* Premier account in another country, are entitled to enjoy Premier status in India
Specific Premier benefits in India including addition of family members (spouse, partners, and children up to the age of 30 years) will be made available only upon meeting the HSBC Premier eligibility criteria (defined above) in India who then can avail Premier benefits as part of the single Premier family relationship. Beyond the age of 30 years, any family member classified as "children" will need to individually meet the Premier eligibility criteria

*Active account is defined as an account with at least one transaction (debit and credit) in the last 12 months

¹HSBC Premier Total Relationship Balance (TRB) criterion

HSBC Premier customers in India are required to meet the quarterly Total Relationship Balance (TRB) criteria of INR4,000,000 (Rupees Forty Lakhs only). 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
Investments⁴ 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 insurance⁵ 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 TRB will also include balances maintained by family members (as defined above) in their HSBC Premier Accounts, subject to the accounts being categorized as part of a single relationship.

⁴ 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.

⁵ 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 ICICI Lombard General Insurance Company (ILGIC). 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.

² HSBC Premier salary criterion

Salary criteria for Premier proposition is offered to customers holding a salary account with a net monthly salary credit of INR300,000 (Rupees three lakh only) or more which includes customers holding a salary account under the HSBC Employee Banking Solutions⁶ (EBS) with a net monthly salary credit of INR300,000 (Rupees three lakh only) or more. Customers who do not meet the Premier salary criteria will need to maintain the applicable Premier TRB eligibility criteria.

³ HSBC Premier mortgage criterion

Mortgage criteria for HSBC Premier is based on Mortgage greater than or equal to INR1.15 crores (Rupees one crore fifteen lakh only) and meet the HSBC Premier Total Relationship Balance¹ (TRB) criterion within 12 months from the date of first disbursement of the mortgage loan. If the TRB eligibility criteria is not met within the said period of 12 months, the HSBC Premier account will be reclassified to an alternate offering after providing due notice.

For mortgage loans with disbursals prior to 01 October 2024: Mortgage eligibility for Premier proposition is based on Mortgage loan value being greater than or equal to INR1.15 crores (Rupees one crore fifteen lakh only).

Premier family benefits

Customers meeting any one of the Premier Eligibility criteria (Total Relationship Balance¹ (TRB) criterion or Premier salary criterion) can add their family members (spouse, partners, children up to the age of 30 years) who then can avail Premier benefits as part of the single Premier family relationship. Beyond the age of 30 years, any family member classified as "children" will need to individually meet Premier eligibility. 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.

Premier customers onboarded basis Mortgage Premier Criteria (effective 01 October 2024), can add their family members (spouse, partners, and children up to the age of 30 years) only upon meeting the HSBC Premier Total Relationship Balance¹ (TRB) criterion.

Premier global benefits

Customers holding an active Premier account in another country, are eligible to open a HSBC Premier account in India. Specific Premier benefits in India will be made available only to Premier customers meeting the HSBC Premier eligibility criteria in India.

If the Premier account in another country is no longer classified as Premier, the Bank will be constrained to reclassify the HSBC India Premier account to an alternate offering after providing due notice.

Below Balance Fee:

HSBC Premier Customers who do not meet the Premier Salary 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 below balance fee of 0.2% on the shortfall in the TRB, up to a maximum of INR2,000 (Plus applicable taxes⁷) towards non-maintenance of balance.

When you do not meet the minimum TRB for a particular quarter, we will notify you in the beginning of the next quarter and request you to build the TRB by the end of the quarter.

If you build the requisite TRB in the next quarter, we will not levy the below balance fee
However, if you do not build the TRB in the next quarter, we will levy the below balance fee on the lower of the TRB shortfall between the last two quarters

⁶ Under the HSBC Employee Banking Solutions (EBS) salary criteria, an employee of the corporate holding a salary account can avail of a waiver on the Total Relationship Balance (TRB) subject to the employee being a part of the corporate and the account under Employee Banking Solutions receiving a salary credit for three consecutive calendar months. In an event the above is not being met or in case the customer ceases to be an employee of the said corporate the account shall be subject to maintenance of the required TRB criteria failing which the account shall be levied with a below balance fee towards non-maintenance of TRB.

⁷ Please note that basis Goods and Services Tax (GST) regulations and notified GST rates, Central GST, State/Union Territory GST, or Inter-State GST, as applicable, and Cess as applicable would apply on our fees and charges.

Reclassification:

Customers who do not meet the TRB criteria or do not receive a salary credit or receive a salary credit of an amount lower than INR300,000 (Rupees three lakh only) consistently for 2 quarters or more, the Premier account will be reclassified to an alternate offering after providing 30 days-notice.

Customers whose Mortgage is disbursed after 01 October 2024 and do not meet the Total Relationship Balance¹ (TRB) criterion within 12 months from the date of first disbursement of the mortgage loan, Premier account will be reclassified to an alternate offering after providing 30 days-notice.

Join HSBC Premier today

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Apply now by phone

Call us on 1800 266 3456 or 1800 120 4722

From overseas call:

+91-40-61268001 or +91-80-71898001

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To apply in a branch, just bring your identification document and a recent proof of address.

Locate us to go to HSBC Branch Finder page

Important Information

Terms & Conditions

¹⁰The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India/Bank) currently offers investment products from entities registered and regulated in India. 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. HSBC does not distribute wealth management products to those persons who are either the residents or citizens of United States of America (USA), Canada, Australia or New Zealand.

The Hongkong and Shanghai Banking Corporation Limited, India (Registration No: CA0016) whose registered office is at 52/60, M. G. Road, Fort, Mumbai 400 001, is the Corporate Agent of Canara HSBC Life Insurance Company Limited (CHL). The Hongkong and Shanghai Banking Corporation Limited, India does not underwrite the risk or act as an insurer. 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.

¹¹Mutual 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. Terms and conditions apply.

¹²In these policies, the investment risk in investment portfolio is borne by the policyholder.

¹³Insurance is a subject matter of solicitation. HSBC is a corporate agent (Registration No: CA0016) of Canara HSBC Life Insurance Company Limited, which offers and underwrites life insurance products. HSBC does not underwrite the risk or act as an insurer.

¹⁴ All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). It insures all deposits such as savings, fixed, current, recurring, etc. deposits except the following types of deposits

Deposits of foreign Governments
Deposits of Central/State Governments
Inter-bank deposit
Deposits of the State Land Development Banks with the State co-operative bank
Any amount due on account of and deposit received outside India
Any amount, which has been specifically exempted by the corporation with the previous approval of Reserve Bank of India

¹⁵ Each depositor in a bank is insured up to a maximum of INR1,00,000 (Rupees One Lakh) for both principal and interest amount held by him in the same right and same capacity as on the date of liquidation/cancellation of bank's licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force

¹⁶ The interest rate on your floating rate loan, if disbursed on/after 01 October 2019 is linked to HSBC's Repo Linked Lending Rate (RLLR). Any revision in the RLLR would impact your interest rate.

All mortgage loans are subject to Terms and Conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). Currently Home Loan/LAP is available to applicants and for properties in and around the city limits of (sourcing cities) Mumbai, New Delhi, Gurgaon, Noida, Bengaluru, Pune, Chandigarh, Jaipur, Ahmedabad, Chennai, Hyderabad and Kolkata; and are subject to change from time to time.

Premier Account Offerings