HSBC for the RICH only

I am a loyal HSBC Credit Card holder (VISA and MASTER) and also with a saving account in Malaysia. Today I had a funny encounter of my life. I wanted to sign up for a saving account in HSBC Male' as I am working here. The lady officer told me that I have to deposit MRf 10,000 and it has to be in the account at all time. If it is less than the amount for the month, MRf 50 will be charged. Imagine I am charge for using my own money. This also implied that only rich people can save in HSBC? So I guess HSBC do not want my business so I am taking it elsewhere, the Bank of Maldives, of course. So am I right in saying that HSBC is only for the RICH?