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Rupee Accounts

Non Resident External Account (NRE)
The HSBC NRE Account is a savings / current account held in India, in Indian Rupees. You can deposit your foreign currency earnings into the NRE account by transfers from your country of residence or transfers from other NRE accounts in India.
Non Resident Ordinary Account (NRO)
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).

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.