HSBC India NRI Service Charges and Fees

NRI Service - Charges and Fees of HSBC India Limited

Please be advised that vide Finance Act, 2007, w.e.f. 11 May 2007, a service tax of 12% + 2% education cess + 1% secondary and higher secondary education cess there on will be applicable on our fees and charges.

The Hongkong and Shanghai Banking Corporation Limited, India.
 Service Charges and Fees for Rupee Term Deposits
Minimum Deposit Resident / NRO Rs. 25,000
NRE Rs. 25,000
Repayment at maturity/prematurely
Credit into account Free
Through Demand draft Charges as applicable, if drawn on another bank
Through Cashier’s Order Nil
Courier Charges Charges as applicable
Through Telegraphic Transfer Free

Foreign Currency Term Deposits
Minimum balance for FCNR (B) / Resident Foreign Currency (RFC) USD 1,000
GBP 500
JPY 125,000
EUR 750
CAD 1,500
AUD 1,500
Minimum balance for Resident Foreign Currency (RFC) Domestic Current Account USD 500
GBP 400
EUR 500
Note:
A charge of Rs.1,200 per quarter for non maintenance of required balance would apply for RFC Domestic Current Account.
Remittances
Demand Drafts / Cashier’s Orders payable at par at our branches in India
Up to Rs.100,000 Rs. 50
Free through Internet Banking
25% of branch charge through Phone Banking
Rs. 100,000 and above 0.1% of value (Max. Rs. 2,500)
Free through Internet Banking
25% of branch charge through Phone Banking
Demand Drafts on other banks at non-branch locations
Drawn on correspondent banks 0.3% of DD value (Min. Rs. 100)
Free through Internet Banking
25% of branch charge through Phone Banking
Inter-branch transfers across HSBC accounts in India Free
Telegraphic Transfers (TT) and Foreign Currency Demand Drafts
Local Telegraphic Transfers 0.3% of value (Min Rs.100 to Max. Rs.1,500) + cable charge of Rs.100
Foreign Currency Telegraphic Transfers (other than FCNR Accounts) 0.3% of value (Min. Rs. 100 Max. Rs. 1,500) + cable charge of Rs. 200 for same currency TT and Rs. 400 for cross currency TT
Foreign Currency Demand Drafts (other than FCNR Accounts) 0.3% of value (Min. Rs.100 Max. Rs. 1,500) additional Rs. 250 for cross currency drafts
Issue of duplicate instrument Rs. 300 + Rs. 1,000 as cover charges for correspondent banks
Cancellation Rs. 200 + Rs. 1,000 as cover charges for correspondent banks
Telegraphic Transfer - Inward Processing Fee (including FIRC charges) Free

For NRIs in USA: Remittances from USA are free only if the funds are transferred from your account with HSBC Bank USA, N.A. to your own NRI account with HSBC India. For NRIs in UK: The NRI can instruct HSBC Bank plc/first direct to transfer funds from his/her account with HSBC Bank plc/first direct in UK using the bill payment module available through Phone Banking and Internet Banking, to his or her account with HSBC in India(NRI account) and this will be done free. HSBC Bank plc/first direct customers can also give these instructions using the direct debit form on www.hsbc.co.in or by sending a cheque drawn on the NRI’s account with HSBC Bank plc/first direct in UK. For NRIs in UAE: Transfers from the UAE are free only if the funds are transferred from your account with HSBC Bank Middle East Limited to your own NRI account with HSBC India. For NRIs in HK: The transfers are free only if done from your account with HSBC Hong Kong to your NRI account with The Hongkong and Shanghai Banking Corporation Limited in India. Only transfers to an NRI savings/current account can be done instantly. Also, only transfer requests submitted before 3:55 p.m for Monday to Friday or 11:55 a.m . for Saturday ( Hong Kong time) will be processed on the same day. All transfer requests submitted afterwards will be processed on the next working day. The term ‘working day’ refers to a bank working day in both Hong Kong and India.