NRIs residing in the UAE can send money to their NR account with HSBC India using an Indian Rupee Draft issued by banks in UAE and drawn on a bank in India.
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Key features:
- Faster Transfers
The Hongkong and Shanghai Banking Corporation Limited in India (HSBC India) account gets credited in India in just 3 working days.# - Freedom from unfavourable exchange rates
Uncertainty on exchange rates, typical of all transfers in foreign exchange, does not exist as the draft is in Indian Rupees - Added benefit
Added benefit of knowing the final Indian Rupee amount upfront, especially when credit of exact amount is critical
NR deposits are offered under the Reserve Bank of India program 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. We remind UK citizens and UK residents that deposits with HSBC India are not subject to the rules made under the Financial Service Act 2000 for the protection of private customers, including the Financial Services Compensation Scheme.
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How can An NR account with The Hongkong and Shanghai Banking Corporation Limited in India (HSBC India) customers in the UAE send an Indian Rupee Draft?
NRIs residing in the UAE can send money to their NR account with HSBC India using an Indian Rupee Draft issued by banks in UAE and drawn on a bank in India.If you already have an NR account with HSBC India and also an account with HSBC Bank Middle East Limited N.A.
Visit your nearest HSBC Bank Middle East Limited, N.A. branch and instruct them to issue you a Indian Rupee Draft drawn on HSBC India and deposit the draft in your NR Account with HSBC India.If you do not have an NR account with HSBC India
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