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Non Resident External Term Deposits (NRE)
HSBC's NRE Term Deposit is a term deposit held in India, in Indian Rupees.
Non Resident Ordinary Term Deposits (NRO)
HSBC's NRO Term Deposit is a term deposit held in India, in Indian Rupees.
Foreign Currency Non Resident Deposits (FCNR)
HSBC India's FCNR Deposit is a deposit maintained in foreign currency in India.
Resident Foreign Currency Deposits (RFC)
If you are returning to India permanently you need not worry about converting your foreign currency savings into Indian Rupees at unfavorable exchange rates.
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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.
