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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

  • 24 hour banking (Any Time Money)
  • Telebanking (banking over the phone to cheque leaves, balance appraisal, etc.)
  • Depository services (deposits with varied interests available)
  • Credit card facility (with all conventional facilities)
  • Tax advisory services (sound professional advice on Income Tax matters)
  • Secured overdrafts (overdraft for current account holders on security)
  • Intra-inter City Cash withdrawn (withdrawal in any branch of the Bank within or outside the city)
  • No bounce-cheque protection (protection is offered for dishonour of cheque by appropriating money from other accounts).

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.
 


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