May be one day HSBC marketing people come to under the disguise of your ’Wealth Management’. They would promise the moon to you in return. They would open your account with them.
Out of the money they would invest in Mutual Funds. When the dividents start pouring in - your account would be debited with some charges or the oher - which would have never explained to you.
When you would talk to them they would make some excuse or the other - some times say it is a system problem When you complain of this to their office in Mumbai - officials like Manjula and Sourav would say why did you believe our marketing people?
You may have to close the account finally after squaring off your dividends with the amounts debited by the Bank. In short if you have worth less than 20-30 lacs HSBC is not for you