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Remittances FAQs

Common questions for HSBC Remittances

Remittances

How do I initiate an inward wire transfer?

The remitter (third party/you) has to complete the required formalities with the remitting bank i.e. provide details pertaining of the beneficiary such as bank account number/name, swift code, and relationship with the beneficiary, purpose of remittance, etc. Please note that the SWIFT code for HSBC India is 'HSBCINBB'

The amount will be credited to HSBC India account within 2 working days# from the day of receipt of funds by HSBC

How do I make an inward wire transfer?

Visit your nearest HSBC bank branch and submit the documentation required for making a remittance with details pertaining to the beneficiary such as beneficiary details, purpose of remittance, etc. Outward wire transfer is subject to tax compliance and submission of required documents. You may contact HSBC PhoneBanking or visit the nearest HSBC branch to know the list of documents to be submitted for such outward remittance transactions.

How do I make an inward Global Transfer?

  • Log on to HSBC Internet Banking for your HSBC Overseas account using your user ID and Password
  • Click on the 'Global View' link and the 'Global Transfer' tab
  • Select 'From' and 'To' countries for your transfer
  • Select the account and outgoing amount you wish to transfer
  • Preview applicable foreign exchange rates
  • Choose to make future dated or recurring transfers
  • Select your 'Purpose of remittance' for your transfer
  • Submit and complete your transaction

How do I make an outward Global Transfer?

  • Log on to HSBC Internet Banking using your* user ID and Password
  • Click on the 'Global View' and the 'Global Transfer' tab
  • Select 'From' and 'To' countries for your transfer
  • Select the account and outgoing amount you wish to transfer
  • Preview applicable foreign exchange rates**
  • Choose to make future dated or recurring transfers
  • Select your 'Purpose of remittance' for your transfer
  • Submit and complete your transaction

 

*Please refer to Help Centre for more details.

**Foreign exchange rates are subject to change without any prior notice. Foreign currency money transfers from India are subject to applicable restrictions under Foreign Exchange Management Act, 1999.

How do I bank Foreign currency cheques/drafts?

Visit your nearest bank branch and deposit the foreign currency cheque/draft for credit into your HSBC India account by filling up a deposit slip. You may submit the same at the branch teller counter and obtain a receipt towards the same

 

The account will be credited within 14-21 working days# from the day of cheque deposit in the local branch of HSBC India by your beneficiary.

How to apply for a Foreign currency drafts?

Visit your nearest bank branch and submit the duly signed documents required for issuance of a foreign currency draft.

Charges may be applicable on transfers from the originating and receiving country (Refer the service charge section for more details)

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