The HSBC 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).

You can deposit your foreign currency earning into the NRO account which will be converted into Indian Rupees, as per the prevailing foreign exchange rate^{^} What's more you can repatriate^# an amount up to USD 1 million per financial year from your NRO account.

Interest earned on this account is liable for taxation in India as per the Indian Income tax laws^***

Key features:

• Send money to India
  You can send money to India for FREE^*!
  
  Dial or Click Transfers
  You can send money to India for FREE^* through Internet Banking. Moreover your money gets credited into your HSBC NRO account in India in just 3 working days^**!
  Know more about Dial or Click Transfers
  
  FastCHEQUE
  Send money to India for FREE^* via cheque and FastCHEQUE instruction form , in just 3-5 working days^**!
  Know more about FastCHEQUE
• Access your account from around the world
  
  FREE Local Debit Card / ATM Card
  - Withdraw money at 670,000 HSBC / VISA / Plus ATM's in India
  
  Internet Banking
  Access and track your account 24x7, from anywhere in the world
  - FREE^## funds transfer to any bank account in India
  - Free delivery of Rupee Drafts
  - Request for E-Statements for your bank account
  - Create and access Fixed Deposits
  - Stop cheques, order new cheque books
  
  Phone Banking
  Enjoy quick and efficient banking experience by using HSBC Phone Banking
• Pay bills for services availed in India
  Pay the utility bills of your family in India - such as electricity, telephone and mobile bills through Internet Banking.
  
  You may also set up standing instructions to manage your monthly payments like utility bills.
• Nomination facility
  Nomination facility is available on the NRO account.
• Joint Account
  The HSBC NRO Account can be opened jointly by a Non Resident Indian with a maximum of two Resident Indians or Non-Resident Indians only.

##Conditions apply

All foreign currency transactions through HSBC India are subject to Service Tax. Please Click here for details.

^ Foreign exchange rate are subject to daily change

*Terms and Conditions apply. Please refer to the remittances section for more information.

**The term 'working days' refers to days that are bank working days in both UK and India. In case of FastCHEQUE, the NR account will be credited in 3-5 working days post receipt of the cheque at the lockbox.

***Indian tax information given herein is general and is not meant to constitute, and therefore should not be construed, as advice. The tax consequences are also based on individual facts and circumstances. As such, prior professional tax advice should be sought to fully understand and appreciate the Indian tax implications. We assume no obligation or liability of any nature whatsoever by issuing this document. For US Citizens and US Residents, if necessary, you should consult your tax advisor for questions regarding the US tax treatment of these deposits. If you are resident in any other country, you should consult your tax advisor regarding the tax treatment of these deposits in your country of residence.

# 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.

NR Accounts and NRI Services are offered by The Hongkong and Shanghai Banking Corporation Limited in India (HSBC India) under the Reserve Bank of India Non-Resident Indian Program.

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.