With preferential interest rates for Term Deposits in PKR for 1 year, HSBC's NRP Term Deposit is an attractive choice to park your overseas earnings.*
Features
Term Deposit/Time Deposit/Fix deposit is available both in local currency or foreign currency
Minimum balance requirement are PKR 500,000 or USD/GBP/EURO 5,000.
Profit payout preference upon your own choice ( for tenure exceeding 01 month)
Tenures are 1 week, 01 month, 03 months, 06 months and 01 year
Core Customers
NRP account can be opened jointly with a Pakistani resident as well.
Free and convenient ATM transfer from your account of HBME to your account in HSBC Pakistan up to the maximum limit of USD 10,000 or equivalent.
NRP customer holding account in HBME can also transfer up to the limit of USD 10,000 or equivalent by using One World Proposition and the limit of your choice by using internet transfers.
Transfers can be executed on written request that can be delivered to any HSBC branch in UAE.
All HSBC One World customers will receive HSBC Pakistan ATM card for all joint account holders and power of attorneys whether in Pakistan or UAE.
ATM cards can be used on all HSBC ATMs and also at the wide range of more than 642 MNET ATMs all over Pakistan.
The maximum ATM cash withdrawal limit per day is PKR 25,000 or equivalent in FCY.
Global access of ATM is also accessible on FCY accounts with a withdrawal limit of USD 247.9.
Premier Customers
NRP account can be opened jointly with a Pakistani resident as well.
Free and convenient ATM transfer from your account of HBME to your account in HSBC Pakistan up to the maximum limit of USD 10,000 or equivalent.
NRP customer holding account in HBME can also transfer up to the limit of USD 10,000 or equivalent by using One World Proposition and the limit of your choice by using internet transfers.
Transfers can be executed on written request that can be delivered to any HSBC branch in UAE.
All HSBC One World customers will receive HSBC Pakistan ATM card for all joint account holders and power of attorneys weather in Pakistan or UAE.
ATM cards can be used on all HSBC ATMs and also at the wide range of more than 642 MNET ATMs all over Pakistan.
For Premier Customers can enjoy the higher withdrawal limit of Rs. 100,000 or equivalent in FCY.
Premier customers can access their local currency accounts aboard as well.
All the banking services for Premier customers are free except lockers.
Special Foreign currency exchange rates for NRP customers.
Core Customers
If minimum monthly average balance is not maintained, a service charge of PKR 50 will be charged per month for core customers.
Charges for ATM are currently PKR 500 per annum.
Premier Customers
A service charge of PKR 50 will be applicable if a Premier customer fails to maintain the average monthly balance
All other charges related to banking products and services, except lockers are free for Premier customers.