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USA - Remittances
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FREE# remittances through Internet Banking
With HSBC NRI Services, you can now send money to India using just your fingertips! Moreover your money gets credited into your HSBC NR account in India,for FREE#, in just 3 working days##!
A flat conversion fee^^ of Rs. 50/-, plus currently applicable service tax, will be charged to you for each remittance transaction involving foreign currency conversion.
All you need is to be registered for Internet Banking with a checking account from HSBC Bank USA, N.A. and remit funds (USD 10,000 or less per transaction) using the Bill Pay option for a detailed demo, please click here.
| #Remittances from USA are free only if the funds are transferred from your USD account with HSBC Bank USA, N.A. to your own NR account with HSBC India. A flat conversion fee^^ of Rs. 50/-, plus currently applicable service tax, will be charged to you for each remittance transaction involving foreign currency conversion. ##The term 'working days' refers to days that are bank working days in both USA and India. |
FastCHEQUE
FREE* remittances through FastCHEQUE
Now remit money to your NR account with The Hongkong and Shanghai Banking Corporation Limited in India (HSBC India), for FREE* in just 3-5 working days**!
A flat conversion fee^^ of Rs. 50/-, plus currently applicable service tax, will be charged to you for each remittance transaction involving foreign currency conversion.
Simply follow the 3 easy steps given below:
Step1
Write a cheque drawn on any of your USD bank accounts in the US, payable to: NR Acct No#
<__________>Example: "Rajesh Kumar 012345678901"
Step2
Fill up the FastCHEQUE Instruction Form and attach it with the cheque.
Step3
Mail it to/submit it at the following address:
NRI Officer, The Hongkong and Shanghai Banking Corporation Limited - Representative Office, NRI Services, C/o HSBC Bank USA, N.A., Post Office Box 3452, Buffalo, NY 14240 - 3452
You could also courier the FastCHEQUE Instruction form to:
HSBC Bank USA, N.A.
One HSBC Centre, 2WestWing, Wholesale Lockbox
c/o Hongkong and Shanghai Banking Corporation Limited - Representative Office
NRI Services
Buffalo, NY 14203
USA
| Remittances through FastCHEQUE are free only if they are done using a USD cheque through our lockbox in New York. A flat conversion fee^^ of Rs. 50/-, plus currently applicable service tax, will be charged to you for each remittance transaction involving foreign currency conversion. Please note that you can deposit only a personal or certified cheque drawn on your account or official bank / cashier's cheques, into the lockbox. Deposit of currency / coin, travelers' cheques in any form, money orders, third party items, business cheques, Canadian items, foreign items, promissory notes and securities / stocks, is not permitted. Please note, with effect from 01 April 2008, a charge of USD 10 would be debited from your NRE / NRO account with HSBC India, in case the cheque gets returned. **The term 'working days' refers to days that are bank working days in both USA 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. NRI Services are provided by HSBC India. HSBC India are the branches of The Hongkong and Shanghai Banking Corporation Limited. NR accounts are offered by HSBC India under the Non-Resident Indian program of the Reserve Bank of India. HSBC India is not a member of the Federal Deposit Insurance Corporation (FDIC) therefore NR accounts with HSBC India are not FDIC insured. Deposit products in the United States are offered by HSBC Bank USA, N.A. or HSBC National Bank USA. Both Banks are Member FDIC. |
Wire Transfers - USA
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).
Know more
In case you would like to wire transfer funds to HSBC India, you will need to provide the following instructions to your bank :
Kindly arrange to remit __________(currency and amount) to HSBC, Mumbai account no.__________ (from table given below) with __________ (Bank name and location - from table given below) for further credit to account no. __________ (your / beneficiary account no.) with HSBC, India - SWIFT Code: HSBCINBB.
| Currency | Account Number | Bank |
| USD | 000-04417-2 | HSBC, New York SWIFT Code - MRMDUS33 ABA Routing Number - 021-001-088 CHIPS Code – 302755 |
| GBP | 35189048 | HSBC, London SWIFT Code - MIDLGB22 CHAPS Code - 40-05-15 |
| YEN | 009-105412-091 | HSBC, Tokyo SWIFT Code – HSBCJPJT |
| EUR | 59197302 | HSBC, London SWIFT Code - MIDLGB22 CHAPS Code - 40-05-15 IBAN - GB45MIDL40051559197302 |
| CHF | 230-86105.05V | UBS Zurich SWIFT Code – UBSWCHZH IBAN - CH880023023008610505V |
| AUD | 001-795020-041 | HSBC Bank Australia SWIFT Code - HKBAAU2SSYD |
| CAD | 930-131037-060 | HSBC Bank Canada SWIFT Code – HKBCCATT |
| HKD | 002-962389-001 | HSBC Bank HongKong SWIFT Code - HSBCHKHHHKH |
| SGD | 141-311753-001 | HSBC Bank Singapore SWIFT Code – HSBCSGSG |
| AED | 020-116901-001 | HSBC Bank Middle East Ltd., Dubai SWIFT Code – BBMEAEAD |
| SAR | 001-552512-021 | Saudi British Bank, Riyadh SWIFT Code – SABBSARI |
| SEK | 5201-85-28564 | Skandinaviska Enskilda Banken, Stockholm SWIFT Code – ESSESESS |
| DKK | 52713-6 | Danske Bank, Copenhagen SWIFT Code – DABADKKK |
| ZAR | 121 002000 001 | HSBC Bank Plc, Johannesburg SWIFT Code – HSBCZAJJ |
Features & Benefits
|
Safe transfers: For your high value remittances Faster transfers: Credits into your NR account in just 2 working days+ (from day of receipt of funds by HSBC India) FREE* transfers to other accounts : Transfer funds to 3rd party accounts, for free*, through Internet Banking (once funds are credited into your NR account) A flat conversion fee^^ of Rs. 50/-, plus currently applicable service tax, will be charged to you for each remittance transaction involving foreign currency conversion. Instant access: Funds credited into the NR account can be accessed instantly using a debit card Demand drafts: Avail demand drafts payable at over 700 locations in India |
Who can send?
| NRIs residing in the USA and holding an account with HSBC Bank USA, N.A. can use the Wire Transfer facility to send money into their NR accounts in India. |
How to remit?
| The Wire Transfer process is extremely simple. All you have to do is visit your nearest HSBC Bank USA, N.A. branch and instruct them to remit the specified amount of money into your HSBC India NR account. |
| + The term ‘working days’ refers to days that are bank working days in both, the USA and India. |
Foreign Currency Cheques/Drafts
1 For NRIs in UK: The NRI can instruct HSBC Bank plc / first direct to transfer funds from his/her GBP account with HSBC Bank plc/first direct in UK using the bill payment module available through Phone Banking and through Personal Internet Banking offered by HSBC Bank plc / first direct, to his or her account with HSBC in India(NR account) and this will be done free. HSBC Bank plc/first direct customers can also give these instructions using the direct debit form on www.hsbc.co.in or by sending a cheque drawn on the NR's account with HSBC Bank plc/first direct in UK.
2 For NRIs in UAE: Transfers from the UAE are free only if the funds are transferred from your AED account with HSBC Bank Middle East Limited to your own NR account with HSBC India.
3 For NRIs in HK: The transfers are free only if done from your HKD account with HSBC Hong Kong to your NR account with The Hongkong and Shanghai Banking Corporation Limited in India. Only transfers to an NR savings/current account can be done instantly. Also, only transfer requests submitted before 3:55 p.m. for Monday to Friday or 11:55 a.m. for Saturday ( Hong Kong time) will be processed on the same day. All transfer requests submitted afterwards will be processed on the next working day. The term 'working day' refers to a bank working day in both Hong Kong and India.
All foreign currency transactions through HSBC India are subject to Service Tax. Please Click here for details.
# 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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