HSBC Full Form
Updated on 08 May, 2024
upGrad Abroad Team
upGrad abroad Editorial Team
)What is HSBC?
The full form of HSBC is Hongkong and Shanghai Banking Corporation.
One of the biggest banks and financial services companies in the world is HSBC. Through its three global businesses—Commercial Banking, Wealth and Personal Banking, and Global Banking & Markets—the bank serves around 39 million customers worldwide.
Their network spans 62 nations and regions in North America, Latin America, Asia, the Middle East, and Africa. Creating a world of opportunity is HSBC's mission.
The Bank's purpose is to provide our clients with new opportunities by utilising our distinct knowledge, skills, range, and viewpoints. They are contributing to the creation of a better world for their clients, associates, investors, communities, and the environment by bringing together the people, ideas, and resources that foster progress and growth.
Products and Services Offered by HSBC (Hongkong and Shanghai Banking Corporation)
Savings Account: HSBC Bank provides a variety of savings accounts designed to meet the needs of various customers. With these kinds of savings accounts, the bank offers basic banking services free of cost. Customers of HSBC Bank who have the majority of these savings accounts are eligible for foreign debit cards. Customers can select from a variety of savings accounts offered by the bank based on their needs. Let's investigate the different HSBC savings accounts in more detail.
Current Account: To meet the monetary requirements of small and large corporations, importers and exporters, and regular enterprises, HSBC provides current accounts to its clientele.
Fixed Deposits: For tenures ranging from seven days to five years, HSBC Bank offers FD interest rates of 2.85–7.25% p.a. to the general public and 3.35–7.75% p.a. to senior people. For NRIs, the bank also provides a range of fixed deposit products, including FCNR, RFC, and NRE fixed deposits.
Credit Cards: Credit cards with perks tailored to each person's unique circumstances are available from HSBC Bank. You can get free movie coupons, reward points on all purchases, cashback on online purchases, and more with the appropriate HSBC credit card.