No Frills Savings Account

No Frills Savings Account allows you to bank with HSBC with a zero minimum balance requirement i.e. you can maintain this account without any minimum or average balance requirement. The No Frills Savings Account is aimed at making your banking transaction simple and convenient. You don't even need to take the trouble of visiting the branches, you can choose to simply avail of our Internet or Phone Banking facilities and bank from the comforts of your house.
Features & Benefits

The HSBC No Frills Savings Account has no hidden costs

* You can access your account through any VISA ATM in India with your HSBC debit card. One FREE debit card will be available per account
* Internet Banking and Phone Banking facility each available at a nominal annual fee of Rs. 99 only
* 1 FREE branch transaction per month. This transaction should be of the nature of cash deposit only. Additional transactions (over and above the 1 FREE transaction), will be charged a fee of Rs. 50 per transaction
* Keep track of your account with Free quarterly statements. You also have an option to receive E-Statements

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Note:

The No Frills Savings Account is available only to customers who do not hold a bank account with any bank in India. If the balance in the No Frills Savings Account exceeds Rs. 50,000 or if the cumulative value of credit transactions exceeds Rs. 100,000 in any financial year, such an account will no longer be treated as a No Frills Savings Account and will be required to satisfy the conditions/criteria applicable for a regular Savings Account and be subject to relevant charges thereon. Please refer to the No Frills Savings Account Schedule of charges for details of applicable tariff.
Other Benefits
International debit cardInternational debit card

Use the international debit card to make purchases at 3,50,000 merchant establishments in India and 26 million across the world. Withdraw cash from over 23,500 HSBC / Visa ATM's in India and from over 1 million VISA ATM's across the world (refer section on service charges for applicable transaction charges).


HSBC credit cardHSBC credit card

You can also choose to apply for an HSBC credit card that gives you the freedom from carrying cash and enables you to make purchases at over 18 million merchant establishments in India while enjoying various value-added benefits that enrich your life.