HSBC Premier Fees and Charges

¹ HSBC 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.

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.

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). 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.

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.