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Indian Rupee Drafts

You can now deposit an Indian Rupee Draft, issued by any of The Hongkong and Shanghai Banking Corporation Limited in India (HSBC India) correspondent banks into any branch of HSBC India and get the beneficiary account credited in just 3 working days.#

Key features:

  • Faster Transfers
    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

# The term 'working days' refers to days that are bank working days in both, the country of remittance and HSBC India. The credit in 3 working days is subject to availability of funds in the correspondent bank’s Indian Rupee account with HSBC India.

NRI Services are provided by HSBC India. HSBC India are the branches of The Hongkong and Shanghai Banking Corporation Limited. NRI 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 NRI 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.

Next Steps

Get Started

Who can send an Indian Rupee Draft?
To send money to an NR account with The Hongkong and Shanghai Banking Corporation Limited in India (HSBC India), NRIs in the US can issue a rupee draft from their HSBC Bank USA N. A account or any other overseas bank accounts. The draft should be payable in India.
How to deposit a rupee draft
The beneficiary can deposit the rupee draft into any of the branches of HSBC in India.
If you do not have an NR Account

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