HSBC Premier CC Criteria

[yoloof]

Does everyone who holds an HSBC premier bank account qualify for the premier CC? Or there's a hidden salary/income criteria?

I can get HSBC premier bank account via the demat criteria but don't meet the salary requirement for the bank account. Will that also disqualify me for the CC as well?

 

[sanarora]

what is the difference in benefit ?

for now its the number of golf games etc, but many more points to diffrentiate will increase..!!

 

[mojo_jojo123]

wis

View attachment 111236
for now its the number of golf games etc, but many more points to diffrentiate will increase..!!

yes lets see ..

 

[mojo_jojo123]

was anyone able to get this card based on demat ?

 

[percolate]

was anyone able to get this card based on demat ?

yes, I saw one person here and on Twitter who got it based on demat transfer

 

[theglobalinvestor]

Can you open a joint account for self+spouse and transfer holdings from their individual demat accounts to meet the 40L+ demat criteria? Anyone knows? Please share.

 

[sanarora]

Can you open a joint account for self+spouse and transfer holdings from their individual demat accounts to meet the 40L+ demat criteria? Anyone knows? Please share.

hey dm me ill guide you..!

 

[Ra.One]

can we have 40L invested in HSBC AMC Mutual Funds and be eligible for Premier banking and CC in an unserviceable area?

 

[percolate]

can we have 40L invested in HSBC AMC Mutual Funds and be eligible for Premier banking and CC in an unserviceable area?

yes of course

 

[Ra.One]

yes of course

i hope you understood exactly what I meant. MFs run by HSBC directly like the HSBC Flexi Cap fund etc. i hold a few lakhs of these MFs. Would they be counted towards the TRB?
Or would MFs bought 'through' them, like regular MFs ( be it of any AMC) count?
If its the first case, Premier can be attempted.

 

[percolate]

i hope you understood exactly what I meant. MFs run by HSBC directly like the HSBC Flexi Cap fund etc. i hold a few lakhs of these MFs. Would they be counted towards the TRB?
Or would MFs bought 'through' them, like regular MFs ( be it of any AMC) count?
If its the first case, Premier can be attempted.

yes it's the first case. but you might have to transfer them to HSBC Demat. I am not sure if it will be counted in TRV without transferring.

 

[mojo_jojo123]

can we have 40L invested in HSBC AMC Mutual Funds and be eligible for Premier banking and CC in an unserviceable area?

you have invested via which route? are these direct MF ?

 

[Ra.One]

you have invested via which route? are these direct MF ?

Yes, direct MF, straight from their site.
I really doubt they would help with the TRB. Probably would have to open a demat and transfer these units from SoA to HSBC demat for consideration in TRB.

 

[mojo_jojo123]

it

Yes, direct MF, straight from their site.
I really doubt they would help with the TRB. Probably would have to open a demat and transfer these units from SoA to HSBC demat for consideration in TRB.

it wont count i think ... also if you transfer direct mf to them it will be indirect

 

[Ra.One]

it

it wont count i think ... also if you transfer direct mf to them it will be indirect

aain?
'Transfer direct MF to them it will be indirect' means?

 

[sai123]

aain?
'Transfer direct MF to them it will be indirect' means?

direct mutual funds wont work you need regular, I hold regular with them and have premier account status.

 

[percolate]

direct mutual funds wont work you need regular, I hold regular with them and have premier account status.

are you sure direct mutual funds of HSBC AMC in HSBC Demat doesn't work?
As far as I am aware, everything in HSBC Demat counts including stocks.
Whats your source?

 

[sai123]

are you sure direct mutual funds of HSBC AMC in HSBC Demat doesn't work?
As far as I am aware, everything in HSBC Demat counts including stocks.
Whats your source?

From what I know no bank in india provides direct funds to customers only regular funds(commissions for them on advisory). the only way to get direct funds is through angel zerodha etc which can't be linked to TRV calculations. Might be wrong but this is what I've seen.

 

[sai123]

are you sure direct mutual funds of HSBC AMC in HSBC Demat doesn't work?
As far as I am aware, everything in HSBC Demat counts including stocks.
Whats your source?

using their apps you wont see direct funds in their list of funds hence they wont accept, no source but that's where I got my info from

 

[shashank08]

are you sure direct mutual funds of HSBC AMC in HSBC Demat doesn't work?
As far as I am aware, everything in HSBC Demat counts including stocks.
Whats your source?

Consider this scenario..

What benefit will HSBC has if you are investing in direct plans of MFs?
There is nothing for banks in case of direct MF.
TRVs, MABs, etc. are required so that bank can make money from you.
As a regular principle, if bank can't make money from a particular relationship like direct MFs then it is not counted under TRV.

 

[manikwalia]

i hope you understood exactly what I meant. MFs run by HSBC directly like the HSBC Flexi Cap fund etc. i hold a few lakhs of these MFs. Would they be counted towards the TRB?
Or would MFs bought 'through' them, like regular MFs ( be it of any AMC) count?
If its the first case, Premier can be attempted.

You need to buy MF through HSBC bank, Direct AMC buy is not considered