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Mumbai:
HSBC has launched a new service for its high-net-worth customers
to achieve their financial goals. The financial planning service
(FPS) is aimed at helping customers execute long-term savings and
investment plans.
 Says
HSBC CEO Z Cama: "Through the help of HSBCs qualified
financial planning staff, customers using FPS can develop a
realistic and practical financial plan by utilising a range of
financial services, including mutual funds, bonds and
insurance."
He says FPS will
initially be offered to HSBCs premier customers, where
the minimum threshold limit is around 25
lakh, and will later be extended to PowerVantage customers,
where the limit is Rs 1 lakh. For private clients, the limit is Rs
1.5 crore.
The threshold limit is a
customers relationship with the bank
and it could be either in the form of deposits or advances,
HSBC bank officials say.
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