NRIs residing in the UK and holding a bank account with a bank in UK can use the Wire Transfer facility to send money into their NR account with HSBC India.
Wire Transfers: NRIs residing in a host of countries across the globe can use the Wire Transfer facility to send money into their NR Accounts in India. However, the facility is FREE* only if the funds are transferred to an NR account with HSBC India, from an account with HSBC Group Bank in the remitting country.
HSBC Wire Transfers enable you to fund your NR account with The Hongkong and Shanghai Banking Corporation Limited in India (HSBC India), in just 2 working days**, safely. You can send money in as many as 14 currencies.
So go ahead - wire your funds in any of the following currencies - US Dollars (USD), British Pounds (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollars (CAD), Australian Dollars (AUD), Hongkong Dollars (HKD), Singapore Dollars (SGD) , Swiss Francs (CHF), UAE Dirhams (AED), Saudi Riyal (SAR), Swedish Krona (SEK), Danish Krone (DKK) or South African Rand (ZAR).
All foreign currency transactions through HSBC India are subject to Service Tax. Please Click here for details.
* The wire transfers are free only if the funds are transferred from your account with an HSBC Group bank in Singapore / Hong Kong / Bahrain / Oman / Qatar to your own (self-named) NR Account with The Hongkong and Shanghai Banking Corporation Limited in India. Additionally, in case of Singapore, the transfers free only if done in Singapore Dollars into NRE accounts with HSBC India.
In case of a wire transfer done to a Resident Savings account held with HSBC India, an inward remittance fee of INR 300 (plus applicable taxes) and finance charges of INR 100 (plus applicable charges) will be debited from the beneficiary account.
** The term 'working days' refers to days that are bank working days in both, the country of remittance and HSBC India.
^ Conditions apply
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.
NRIs residing in the UK and holding a bank account with a bank in UK can use the Wire Transfer facility to send money into their NR account with HSBC India.
The Wire Transfer process is extremely simple. All you have to do is visit your bank branch and instruct them to remit the specified amount of money into your HSBC India NR account.
Visit your nearest HSBC Bank Plc, branch and instruct them to remit the specified amount of money into your HSBC India NR account.
Send the below given instruction form by mail / courier to any of the NRI centres in the UK
See instructions that you will need to provide to your bank to transfer the funds into your HSBC India NR account.