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Non Resident External Account (NRE)
The HSBC India?s NRE Account is a savings / current account held in India, in Indian Rupees. You can deposit your foreign currency earnings into the NRE account by transfers from your country of residence or transfers from other NRE accounts in India.
Non Resident Ordinary Account (NRO)
The HSBC India's Non Resident Ordinary Account (NRO Account) is a Savings / Current account held in India, in Indian Rupees. The NRO account is best suited for you if you have earnings in India (such as rent income, dividend, pension, etc).
Features of various NR accounts
NR deposits are offered by HSBC India for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programs, are subject to the sovereign risk arising from, and governed by the laws of, or any changes to the laws of India.
