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NRI Services - Canada
Indian Rupee Accounts
NRE Account
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.
NRO Account
Need an account for your Rupee income in India? The NRO Account is the one for you. With the facility to open it jointly with any Resident Indian, you can stop worrying about how you will manage your rent, dividend and other income streams in India.
Indian Rupee Deposits
NRE Term Deposits
Believe in attractive Rupee returns? Convert your foreign currency savings and place them in our NRE Term Deposits that offer attractive interest rates.
NRO Term Deposits
Move your surplus balances in the NRO account to NRO Term Deposits and get higher returns on your Rupee income.
Foreign Currency Deposits
FCNR Deposits
Get attractive returns on your foreign currency savings in India with FCNR Deposits!
Resident Foreign Currency (RFC) Deposits
Moving back to India? Move your savings with you into HSBC’s Resident Foreign Currency Fixed Deposits.
Remittances
Dial or Click Transfers
Now send money to India from the comfort of your home or office, for Free* in just 3 working days**!
A flat conversion fee^^ of Rs. 50/-, plus currently applicable service tax, will be charged to you for each remittance transaction involving foreign currency conversion.
FastCHEQUE Transfers
Using this incredibly easy remittance facility, you can send money to India for Free* in just 3-5 working days**!
A flat conversion fee^^ of Rs. 50/-, plus currently applicable service tax, will be charged to you for each remittance transaction involving foreign currency conversion.
Wire Transfers
The ideal way to make high value remittances quickly and safely! Remit in as many as eight major currencies!
Foreign Currency Cheques/Drafts
Send money using this simple and traditional form of remittance and get credit into your account in 14-21 days.
Indian Rupee Drafts
Wish to remit an exact Rupee amount? Buy an Indian Rupee Draft at a correspondent bank of HSBC and mail it your beneficiary in India.
1 For NRIs in UK: The NRI can instruct HSBC Bank plc / first direct to transfer funds from his/her GBP account with HSBC Bank plc/first direct in UK using the bill payment module available through Phone Banking and through Personal Internet Banking offered by HSBC Bank plc / first direct, to his or her account with HSBC in India(NR account) and this will be done free. HSBC Bank plc/first direct customers can also give these instructions using the direct debit form on www.hsbc.co.in or by sending a cheque drawn on the NR's account with HSBC Bank plc/first direct in UK.
2 For NRIs in UAE: Transfers from the UAE are free only if the funds are transferred from your AED account with HSBC Bank Middle East Limited to your own NR account with HSBC India.
3 For NRIs in HK: The transfers are free only if done from your HKD account with HSBC Hong Kong to your NR account with The Hongkong and Shanghai Banking Corporation Limited in India. Only transfers to an NR savings/current account can be done instantly. Also, only transfer requests submitted before 3:55 p.m. for Monday to Friday or 11:55 a.m. for Saturday ( Hong Kong time) will be processed on the same day. All transfer requests submitted afterwards will be processed on the next working day. The term 'working day' refers to a bank working day in both Hong Kong and India.
4 For NRIs in Canada: Remittances from Canada are free only if the funds are transferred from your CAD account with HSBC Bank Canada, to your own NR Account with HSBC India.
# As per current local regulations the permissible remittance from the balances in NRO accounts is up to USD 1 million, per financial year for all bonafide purposes. The remittances (net of applicable taxes) will be allowed to be made on production of an undertaking by the remitter and a Certificate from a Chartered Accountant in the prescribed formats.
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