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| We would like to inform you that the HSBC Advance eligibility criteria and the service charges towards non maintenance of the HSBC Advance eligibility criteria are being revised with effect from 1 July, 2011. |
HSBC Advance comes to you by maintaining a Total Relationship Balance (TRB)* of  3 lakhs (Rupees Three lakhs only) in a combination of savings account balances, term deposits, holdings in Demat account held with HSBC India, investments through HSBC India and Life insurance along with a average quarterly balance of 50,000 in the Savings Account / Current Account
OR
by having a Mortgage relationship of 15 lacs or more with HSBC**
OR
by holding a Corporate Salary Account under HSBC’s Corporate Employee Programme, with a net monthly salary credit of 50,000 (Rupees Fifty Thousand only) or more*** |
| *Calculation of TRB- Following will be included for calculating the TRB |
1. Savings account balances - Calculated basis Average Quarterly Balance held in the savings account
2. Term deposits - Calculated basis Average Quarterly Balance held in term deposits.
3. Investments through HSBC India - Calculated basis Market Value or Net Purchase Value whichever is higher as on the last day of every calendar month.
Investments and services are subject to prevailing market conditions / external factors. HSBC India currently offers Investment Products from entities registered and regulated in India. These products are currently not available to HSBC Advance NRI customers residing in US, Canada, Australia and New Zealand. HSBC Advance NRI customers residing in countries like United Kingdom, Singapore, Hong Kong will be able to invest in these products through HSBC India when they are physically present in India.
4. Life insurance premium - Calculated basis Life to date (total) paid up premium for policies in force as on the last day of every calendar month.
Insurance is a subject matter of solicitation.
5. Demat holdings - Calculated basis Market Value of Holdings in HSBC Demat account as on the last day of every calendar quarter. |
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| ** Service charges related to non-maintenance of required TRB will be waived for the HSBC account/s which are linked to your mortgage relationship. This waiver will be valid throughout your mortgage relationship with HSBC. Pursuant to the termination of the mortgage relationship, the TRB requirements of HSBC Advance account will apply as per the applicable rules of HSBC India. |
| *** Please note that waiver of charges related to non-maintenance of required TRB will be subject to you being an employee of the Corporate and your account receiving a net salary credit of greater than or equal to 50,000 for three consecutive calendar months. In case you do not meet this requirement, the account shall get redesignated to a regular HSBC Advance Account and the TRB requirements of HSBC Advance account will apply as per the applicable rules of HSBC India. |
