Employees in India who choose to receive their salary through an HSBC Salary Account may be eligible for a range of exclusive banking benefits and offers.
Please note that opening an HSBC Salary Account is entirely optional. Employees are free to continue using their preferred bank account for salary payments. The HSBC Salary Account is simply an additional option available to those who wish to take advantage of the benefits outlined below.
Key Benefits
Banking Convenience
No minimum balance requirement for accounts receiving salary credits.
Unlimited free ATM withdrawals at Visa ATMs across India.
Free ATM withdrawals at HSBC ATMs worldwide.
Digital account opening process with simplified documentation requirements.
Cashback and Everyday Savings
Up to 5% cashback on debit card spends (online and point-of-sale transactions), subject to applicable terms and limits.
Instant cashback opportunities on bill payments and merchant transactions through the HSBC SimplyPay app.
Lending and Credit Facilities
HSBC Anytime Credit overdraft facility of up to 5 times the monthly salary, subject to eligibility criteria (maximum limit of ₹50 lakhs).
Personal Loans starting from 10.10% per annum.
Home Loans starting from 7.70% per annum.
Insurance and Protection
Flexi Health Protect Plan with coverage of up to ₹50 lakhs and premiums starting from ₹1,099.
Group Personal Accident Insurance coverage of ₹5 lakhs provided by Bajaj Allianz.
Credit Card Benefits
Eligible employees may access HSBC's range of credit cards, offering benefits such as:
Cashback rewards.
Airport lounge access.
Reward points.
Welcome vouchers and promotional offers.
Lifestyle and Shopping Offers
Employees may enjoy exclusive offers and discounts with leading brands and services, including:
Amazon Prime
Swiggy
BookMyShow
Mokobara
The Body Shop
Lifestyle
And many more participating partners
Financial Wellness Support
Access to financial wellness and education sessions.
Discounts of up to 73% on income tax filing plans through ClearTax.
How to Opt In
If you are interested in opening an HSBC Salary Account and receiving your salary through HSBC, please review the resources linked at the bottom of this article. These materials provide additional information about the account features, benefits, eligibility criteria, and account opening process.
Once you have reviewed the information, you may proceed with the account opening process directly with HSBC, subject to the bank's requirements and approval.
Important Information
Participation in this program is completely voluntary. Choosing not to open an HSBC Salary Account will not affect your employment or salary payments. Employees may select the banking option that best suits their personal financial needs.
All products, services, interest rates, discounts, and benefits are offered by HSBC and its partners and are subject to eligibility criteria, terms, conditions, and change at the discretion of the provider.