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 wire transfer facility is FREE* only if the funds are wired to an NR account with The Hongkong and Shanghai Banking Corporation Limited in India (HSBC India), from an account with HSBC Group Bank in the remitting country.

HSBC Wire Transfers enable you to fund your NR account with HSBC India, in just 2 working days**, safely. You can wire 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).

Key features:

• Safe wire transfers
  For your high value remittances
• Faster wire transfers
  Credits into your NR account in just 2 working days⁺ from day of receipt of funds by HSBC India
• FREE wire transfers to other accounts
  Transfer funds to other bank accounts in India, for free, through Personal Internet Banking offered by HSBC India (once funds are credited into your NR account)

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 HSBC India. Additionally, in case of Singapore, the transfers are 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.

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. NR deposits with the Bank in India are not insured by Federal Deposit Insurance Corporation (FDIC) of the U.S.A., nor by any other insurance company or corporation outside India and are payable only at the branch of the Bank in India where the deposit is made. Under current U.S. tax laws, U.S. citizens and residents are subject to tax on their worldwide income. You should consult your tax advisor for the U.S. treatment of income from these deposits.