HSBC Bank has its roots in India since 1853. This is one of the biggest banking and financial institutions in the world. This bank annexed the Mercantile Bank in 1959. HSBC stands for Honkong and Shanghai Banking Corporation Limited. Mercantile bank had branches in Mumbai, Chennai, London, Madras, Kandy and Kolkata in 1855. The HSBC bank purchased Mercantile Bank in 1959.
This bank is active in development of banking and financial sector in India. This Bank introduced ATMs in India for the first time, the First ATM center being opened in Mumbai in 1987.
- Excluding second and fourth Saturdays timings for NEFT transfer are from 8 am to 4.15 pm from Monday to Saturday excluding holidays
- Upto Rs. 10,000 the transaction fee will be Rs.2.5 per transaction and from Rs.10,000 to Rs.1lakh service charge will be Rs.5
- For outward transactions above Rs.1 lakh to 2 lakhs the charges will be Rs.15 and for above Rs.2 lakhs the charges will be Rs.25
- Balance can be credited to beneficiary on same day excluding holidays and can be used on same day
- RTGS services will be available for customers from Monday to Saturday excluding second and fourth Saturdays and holidays from 8 am to 4pm
- Service charges for outward transactions from 2 lakhs to 5 lakhs will be Rs.25
- Minimum transfer limit by RTGS is Rs.2 lakhs
- Service charges for transactions above Rs.5 lakhs is Rs.50
- Balance can be credited to beneficiary on same day excluding holidays and can be used same day
- Service charges for mobile banking or internet banking will be levied based on GST
- These services are subject to restrictions of foreign exchange and international money transfer rules and regulations.