HongKong and Shanghai Banking Corporation Limited
The HongKong and Shanghai Banking
Corporation Limited (HSBC) is one of the few established foreign banks in India.
products and services
The bank offers savings accounts, current accounts, asset link
accounts (fixed deposit accounts, etc.) Notable account the bank offers is the smart money
account. The special feature of which is that there can be 90% withdrawal and still it
continues to earn interest on 100% on fixed deposit. Besides, there is facility for 24
hour banking and telebanking.
Loans are available for different purposes under different names and styles.
- Professional Loan - A professional may be a practising
Doctor, Chartered Accountant, Architect, Management Consultant. Access to cash to a
maximum of Rs. 10,00,000/- for up to 5 years may be had. The Bank offers an option to
choose a fixed interest rate and free the customer from the fear of fluctuating interest
rates..
- Car loans - The bank offers car loans with considerable low interest rates with
no processing fees. The loan is repayable in monthly instalments proportionate to the
income of the individual. The bank lays down the eligibility criteria to avail loans - a)
21 years minimum & 58 years maximum (or retirement), b) the customers shall be in
continuous employment or shall be in business with a gross income more than a fixed figure
as stipulated by the bank.
|
Apart from the above, the bank also offers a
host of other services which are customer friendly and complying with the International
Standards of Banking.
|
Back
|