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Outward Money Transfers from India
Transfer money to your loved ones abroad
HSBC India offers money transfer services to send money outside India. As a customer of HSBC India, we understand your multiple needs to send money across boundaries and provide a world class service through our presence world wide. You can now send money for payment of educational fees, maintenance of your dear ones overseas, medical treatment of family members etc. HSBC's Money Transfer Services facilitates easy transfers##, from your accounts held with HSBC India, across the world in multiple currencies*. Visit our nearest branch to find out more details about the service.
Foreign currency money transfers from India are subject to applicable restrictions under Foreign Exchange Management Act 1999.
Features & Benefits
- Safe & easy transfers
- Transfers in multiple currencies*
- Competitive exchange rates
- Transfers for NRE Account holders with HSBC India using Personal Internet Banking. If you haven't registered for PIB.
Click here to Register.
Click here to know the service charges applicable for this facility.
Multiple modes of Money Transfers
- Log in to your Personal Internet Banking: For transfers from your NRE account with HSBC India
- HSBC Premier customers logon to Premier Online Banking: For Global Transfers^. Click Here for Demo.
- Visit branches for Foreign Currency Demand Draft and Wire Transfer : Walk-in to any of our branches and get a Foreign Currency Demand Draft .or make a Wire Transfer within just 3-5 working days (The term 'working days' refers to days that are bank working days in both, the country where the transfer is made and in India.)
* Currencies include USD, GBP, CAD, BHD, KWD, OMR, EUR, CHF, SEK, JPY, AUD, HKD, SGD, DKK, NOK, AED, NZD, SAR and QAR
# A flat conversion fee of Rs. 50/- plus service tax, currently applicable at 10.30% of the fee, will be debited by HSBC India from the proceeds of each remittance transaction involving foreign currency conversion.
** HSBC deals in select foreign currencies, and offers foreign exchange services to its existing bank account holders subject to FEMA guidelines. Foreign currency exchange rates are subject to change without any prior notice.
^ This facility is available in select countries only. In India these services are subject to applicable restrictions under Foreign Exchange Management Act 1999. Outward transfers from India using HSBC Premier Internet Banking services are only permissible through NRE accounts.
## 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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