HSBC Business for business in India: Available
- Key eligibility
- Business registered in India, such as a proprietorship, partnership, LLP or limited company, with valid KYC including PAN and proof of business, subject to bank checks
- Non resident position
- Account opening follows Reserve Bank of India KYC and FEMA rules. Foreign owned companies registered in India may apply subject to checks, verify with the provider
- Local currency support
- Indian rupee current accounts, plus foreign currency, trade and treasury services through a locally incorporated bank
- Headline monthly fee
- No single flat monthly fee published. Accounts use an Average Quarterly Balance model that varies by product. Verify current charges with the provider
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Does HSBC Business serve business customers in India?
Yes. HSBC operates in India as The Hongkong and Shanghai Banking Corporation Limited, India, a locally incorporated and licensed bank registered with the Deposit Insurance and Credit Guarantee Corporation. Through its business and commercial banking arm it offers current accounts and transaction banking to companies registered in India, including an integrated current account for small and medium businesses and a digital onboarding service called SmartServe. A business registered in India can therefore open an HSBC current account, subject to documentation and checks. As of 20 March 2026.
Eligibility for businesses in India
HSBC India expects a business registered in India, such as a proprietorship, partnership, LLP or limited company, with valid KYC including PAN, proof of business and signatory identity, and GST registration where applicable. Account opening and any foreign ownership are governed by Reserve Bank of India KYC and FEMA rules, and product choice depends on the balances and services the business needs. Verify with the provider
What it costs locally
HSBC India publishes its charges in a rates and fees and tariff schedule. Its business current accounts are structured around an Average Quarterly Balance and the services used rather than a single flat monthly fee, with transaction, cash handling and trade charges set out separately. Treat any figure as a guide and confirm the current schedule with the provider. As of 20 March 2026
What local users report
HSBC India targets established SMEs, mid market and corporate clients rather than micro businesses, with strengths in trade finance, cross border payments and treasury given its global network. Branch presence is concentrated in larger cities, and onboarding has moved toward digital tools such as SmartServe. Eligible deposits are covered by the Deposit Insurance and Credit Guarantee Corporation up to the applicable limit. Minimum balance and eligibility vary by product, so confirm what fits your business before applying.
How to open HSBC Business for business in India
- Identify the HSBC India business or commercial account that matches your turnover, balances and services
- Gather company KYC, including PAN, proof of business, GST details where applicable and signatory identity documents
- Apply through HSBC India, complete the checks and digital onboarding, and once approved fund the account and start transacting
Questions about HSBC Business in India
Is HSBC Business available for business in India?
What business accounts does HSBC offer in India?
Who can open an HSBC business account in India?
How much does an HSBC business account cost in India?
Availability, fees, and eligibility change. This page was last reviewed on 20 March 2026. Confirm the current position with HSBC Business before applying.