As a customer of HSBC Bank, you can avail the fixed deposit facility and earn interest on the amount deposited by you for a tenure chosen by you. You will be able to enjoy a variety of benefits when you open a fixed deposit account including loan against fixed deposit which you can avail if you are facing a cash crunch and are in immediate need of financial help.
In order to avail the Loan against FD facility, you will have to deposit up to Rs.25,000 under HSBC Smart Money Account scheme. Let’s have a look at the benefits offered under Smart Money Account.
Given below are the eligibility criteria in order to open an HSBC Smart Money account:
You can open an HSBC Smart Money account offline by visiting the nearest HSBC branch. A representative from the bank will help you with the application process. You must ensure that you meet the eligibility requirements in order to avail this particular facility.
You can also contact the bank’s toll-free numbers 1800 266 3456 or 1800 120 4722 to enquire about the process to avail this facility. If you are calling from overseas, then you can call on any one of the numbers - +91-40-61268001 or +91-80-71898001. A customer care executive will help you with the application process.
|Rs.25,000 to be deposited as minimum amount||No service charges|
|Interest rate charged on overdraft||2% interest charged over the overdraft amount|
Yes, you will receive a personalised chequebook on availing the HSBC Smart Money Account facility.
No, you will not be required to maintain any minimum balance in your savings account in order to avail a loan against your FD.
Yes, you will be able to open a Smart Money account even if you have savings and FD accounts in different HSBC branches.
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