COMPARISON OF STANDARD CHARTERED BANK WITH

CITIBANK AND HSBC

BASIS STANDARD CHARTERED BANK CITIBANK HONG KONG & SHANGHAI BANKING
(AXCESS PLUS ACCOUNT) (SUVIDHA SAVINGS CORPORATION LIMITED (HSBC)
ACCOUNT)
Average Rs.25000 per quarter of 3 Rs. 25000 per month Rs. 25000 per quarter
Quarterly months each
Balance (AQB)
Minimum Rs. 3 lakhs
account
opening
amount
Charges for If AQB < RS.250 - AQB < 25000 : AQB<10000 Rs.1000
lower AQB If AQB < Rs.7500 Rs.1500 Monthly fee of Rs. per
If AQB > or = Rs.1250 250 quarter
Rs.7500 & <
Rs.10000
If AQB > or = Rs.1250 25000>AQB>10000 Rs.750 per
Rs.10000 & < quarter
Rs.15000
If AQB > or = Rs.750
Rs.15000 & <
Rs.25000
Demand draft Free : 2 DD & 2 PO per month Payable at citi branch Payable at par at HSBC branches :
& Pay order (without carry forwards) locations  Up to 1 lakh : Rs.100
Charges: For SC Branch –  Online banking  1 lakh & above : 0.1% of value
Rs.100 per DD : Free ( max Rs.2500)
For Non SC Branch –  Phone Payable at par on other banks at non-
0.15% banking: Free branch locations :
up to Rs.50000  Drawn on correspondent
per month , banks : 0.3% of DD value (min
Rs.2(min Rs.75 Rs. 100)
& max Rs.750)  Inter branch transfers across
 In branch: HSBC accounts in India : Free
Rs.2.5/1000
(min Rs.100 &
max Rs.750)
Doorstep Free : 2 Doorstep banking  One time registeration charge :
Banking Charges : Rs. 100 per visit Rs.2000
 Annual fees : Rs.500
 Cash pick up & delivery : Rs.250
  Draft delivery : Rs.50
 Cheque pick up & delivery : Rs.
50
Cheque Book Free : At par or local Free Free
(unlimited)
Reorder of Free  Citibank online  Urgently issued at the branch :
cheque book Rs. 1 lakh or Rs. 100
more :  Cheque leaf issued over the
Re.1/leaf counter : Rs. 50
 Rs.25000 or
more :
Re.1/leaf
 Less than
Rs.25000 :
Rs.2/leaf

National Totally free Outside of internet banking:

Electronic (money is transferred within  Upto Rs.1lakh : Free
Fund Transfer 24 – 48 hours)  Rs.1lakh & above : Rs.25 per
(NEFT) transaction
Real Time Free  Rs.5 per Outside of internet banking:
Gross (money is transferred in a sec) transaction for  Upto Rs.5 lakh : Rs.25 per
Settlement Applicable for other bank less than Rs.1 transaction
(RTGS) accounts also lakh  Rs.5 lakh & above : Rs.50 per
 Rs.25 per transaction
transaction
Rs.100000 or
more(outward
)
Phone Free Free Free
Banking
Mobile Free Available Available
Banking
Anywhere Every branch is treated as Unlimited free in non-
Banking home branch home branches also
Relationship Yes Yes Yes
Manager
3rd Party Cash Yes
Deposit
Mobile Mobile transfer Card to card transfer
Transfer/card  USP of Standard  money transferred using the
to card Chartered VISA money transfer service
transfer  Transfer money to any from VISA.
 non account holder  Money transferred within 72
 Max amt transferred : working hours
Rs.20000 per day  Transfer limit : Rs. 50000
 Charges for transfer : NIL
ATM  Free withdrawal from  Free  Annual fees : Rs.150
ATM of Standard transactions at  1st 5 transactions free in other
Chartered. ATM of bank’s ATM. Further charge of
 1st 5 transactions free Citibank Rs. 20
in other bank’s ATM.  1st 2  Cash withdrawal at other bank’s
Further charge of Rs. transactions ATM : Rs.25000
20 free Cirrus
 Withdrawal limit : (further
Rs.25000 per day charges at
(Rs.18000 withdrawn Rs.50)
at 1 time)  Further
 No annual fee charges in
 Lost card re-issuance : Euronet Rs.70
Rs.100  Cash
 Cash withdrawal at withdrawal
other bank’s ATM : charges
Rs.10000 outside India:
$2.50/transac
tion
 Cash
withdrawal
limit :
Rs.75000 per
day
 Re-issuance
charge: Rs.100
ATM cum  Globally valid Value added  Use of debit cards at the petrol
Debit Card  Annual bank charges : ATM/Debit Card: pump will attract a surcharge of
Rs.200  Joining fee : 2.5% of the purchase value or
 Cash withdrawal limit : NIL Rs.10000(whichever is higher)
Rs.25000 per day  Cash
 Shopping limit : withdrawal
Rs.25000 per day limit :
 No extra charges Rs.75000 per
except a surcharge of day
2.5% while swiping the
card at the petrol
pump & booking
tickets at the railway
 station
 Purchase goods at Visa
Electron Merchant
establishments
 Withdraw cash from
any Visa Electron in
India & Abroad
 Reward awarded
through points
 1 swipe = 1 point*
 1 point = Re.1
 Max 20 points awarded
in a month i.e. 240
points in a year
 Lost card re-issuance :
Rs.200
Platinum Premium card: Premium Platinum Debit card:
 Annual charges :  Annual fee : free
Rs.799 + Survice charge  Cash withdrawal limit:
= Rs.900(approx.) Rs.150000 per day
 Withdrawal limit :  Purchase transaction limit :
Rs.200000 per day Rs.150000
 Shopping limit :  Added advantage :
Rs.200000 per day  Exclusive dinning
 No extra charges at the privileges in Mumbai,
petrol pump & raiway Bangalore, Delhi and
station Kolkata
 Added advantage :  24 * 7 concierge
Dinning Plus Card services where the
 10 – 20% cardholder gets free
discount on a access to a wide range
list of hotels & of special assistance
restaurants in services
India  ATM cash withdrawl outside
 Free PVR tickets India : Rs.120 per transaction
but conditioned  Card re-issuance fee : free
to online
booking
 Lost card re-issuance :
Rs.799
Account Within 6 months from the Within 12 months Within 6 months from the date of
closure date of opening an account : from the date of opening an account : Rs.1000
Rs.500 opening :
  For individual :
Rs. 220
 For companies
: Rs. 500
Duplicate  Free  Citibank onlin :
statement Free
 Citiphone :
Rs.25
 Branch :Rs.100
Overdraft 24% + Interest Tax
interest Overdraft facility of
upto Rs. 1,00,000