Open a non-resident bank account for banking in India and abroad

HSBC IN
International Services
Open an NRI account

Why open an account in India as a non-resident?

As a global bank with strong roots in India, we are uniquely placed to understand the needs of ‘internationalist’ Indians. We believe in offering solutions that make it easier for NRIs to bank with us in India.

Access your account from anywhere in the world
Fee free and real time global money transfers in 20+ currencies
Bank securely anytime, anywhere, with the HSBC India app
Issuance of Local & International Debit card
Access to HSBC Group ATMs and ATMs and merchant outlets affiliated to the Visa network within India

Things you should know

Types of non-resident Indian (NRI) accounts
Features	NRE Account	NRO Account
Choose this account if…	You need an account for making INR payments/investments in India from your overseas earnings	You need an account for making INR payments/investments in India from your India earnings
Currency	Indian Rupees (INR)	Indian Rupees (INR)
Joint Account	Resident Indians as well as non-resident Indians	Resident Indians as well as non-resident Indians
Repatriation	Freely repatriable	Restricted repatriability (After deduction of applicable tax)
Tax	Tax free in India	Taxes applicable in India
Fixed Deposit	Non-resident Rupee (NRE) Fixed Deposits	Non-resident Ordinary (NRO) Fixed Deposits

Types of non-resident Indian (NRI) accounts
Features	Choose this account if…
NRE Account	You need an account for making INR payments/investments in India from your overseas earnings
NRO Account	You need an account for making INR payments/investments in India from your India earnings

Features	Currency
NRE Account	Indian Rupees (INR)
NRO Account	Indian Rupees (INR)

Features	Joint Account
NRE Account	Resident Indians as well as non-resident Indians
NRO Account	Resident Indians as well as non-resident Indians

Features	Repatriation
NRE Account	Freely repatriable
NRO Account	Restricted repatriability (After deduction of applicable tax)

Features	Tax
NRE Account	Tax free in India
NRO Account	Taxes applicable in India

Features	Fixed Deposit
NRE Account	Non-resident Rupee (NRE) Fixed Deposits
NRO Account	Non-resident Ordinary (NRO) Fixed Deposits

Compare all Non-resident Indian (NRI) accounts and services.

To complete your application, you may be asked to provide:

a valid passport
a valid proof of address
proof of Indian origin or overseas visa

If you're applying for a joint account, you'll need to provide details for both applicants.

Note : To get your application processed immediately, at the end of the application please upload the above documents after having them:

self-attested and
attested by a third party or by an HSBC overseas branch

You can upload the attested documents later if you don’t have them ready now but this may prolong the process.

HSBC Premier

The Premier account unlocks a world of opportunity.

Get exclusive Premier benefits and international privileges in India and around the world.

Global Premier status for you and your family across HSBC markets[@premier-qualification]
Comprehensive suite of wealth solutions in India and access to key International Wealth Hubs
24x7 Premier Global Concierge services
Complimentary consultation with Ernst & Young LLC[@ey-tax-consultation-service]
Preferential interest rates on home loans and term deposits
Manage your money around the world with fee-free transfers[@global-view-and-global-transfers-terms-and-conditions]

To apply for HSBC Premier, you must meet at least one of the following criteria:

maintain a quarterly Total Relationship Balance (TRB) of INR4,000,000 (Rupees forty lakh only)
have a mortgage relationship with disbursal of INR11,500,000 (Rupees one crore fifteen lakh only) or more, with HSBC India
hold a corporate salary account under the HSBC Corporate Employee Program (CEP) in India with a net monthly salary credit of INR300,000 (Rupees three lakh only) or more into the account
have a global Premier relationship within the HSBC group

Apply for a Premier account

HSBC Personal Banking

Discover a wide range of services to meet your banking needs.

Manage your day-to-day banking needs with services designed to make your life easier.

Global account opening
Linked view of all your global accounts
Free real-time transfers between HSBC accounts worldwide

To apply for HSBC Personal Banking, you must meet at least one of the following criteria:

maintain a quarterly Total Relationship Balance (TRB) of INR150,000 or more in a combination of savings account balances, fixed deposits holdings held with HSBC, investments and life insurance through HSBC India
hold a Corporate Salary Account under the Corporate Employee Program (CEP) with monthly salary credits of INR50,000 or more into the account
remit USD2,000 or more in a quarter under the Corporate Employee Program (CEP)
have a mortgage relationship with HSBC, with equated monthly instalments (EMI) being debited from this account towards the mortgage loan repayment with HSBC

Apply for a Personal account

How to apply for a Premier account?

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How to apply for a personal account?

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Talk to a representative

If you prefer to speak with us about opening an account, leave your details and we'll get in touch.

Frequently asked questions

Yes - international users can open an account online by submitting an account opening application form.

International users of Indian origin can apply for an account online on the HSBC India public website.

Users can choose from the following categories of account:

NRE (non-resident external)
NRO (non-resident ordinary)
NRE & NRO

An NRE account is most useful if you have income from outside India that you want to bring into India as a non-resident.

An NRO account is best suited to people who have income in India, such as rental income, dividends or investment income, that is paid in INR.

You can write to indiaico@hsbc.co.in with the reference number to track the status of your application.

You'll get a call back from our HSBC representative in the next two working days to process your application.

The maximum allowed size for uploaded documents is 3 MB. Please ensure the document you're trying to upload is within the mentioned size limits.

The document format allowed is PDF or JPEG. Please ensure the document you're trying to upload has the allowed format.

In case you have dropped off midway, kindly write to us on indiaico@hsbc.co.in so we could assist you in completing the journey.

Premier offers

Get access to offers available only to Premier customers.

HSBC Personal Banking

Discover a wide range of services to meet your banking needs.

NRI services

Our products and services suit customers moving overseas or already residing abroad.

Notes

NRI deposits / accounts are governed by extant regulatory requirements prescribed by Reserve Bank of India, subject to the sovereign risk arising from and governed by the laws of, or any changes to the laws of India, and are not insured by any insurance company or corporation outside India.

NR deposits with the Bank in India are not insured by Federal Deposit Insurance Corporation (FDIC) of the USA. Under current US tax laws, US citizens and residents are subject to tax on their worldwide income. You should consult your tax advisor for the US treatment of income from these deposits and any other US reporting requirements that may apply to your account.

Deposits/accounts held with HSBC India are not protected deposit and are not protected by Deposit Protection Scheme in Hong Kong.

Deposits/accounts held with HSBC India do not benefit from the protection of deposits as covered by the Regulation Protecting Deposits and Unrestricted Investment Accounts issued by the Central Bank of Bahrain.

Deposits and accounts held with HSBC India are not protected by the Australian Financial Claims Scheme.

Approved for issue in the UK by HSBC Bank plc. 8 Canada Square, London E14 5HQ. Deposits/ investments made with non-UK members of the group do not benefit from the protection provided under the UK Financial Services and Markets Act 2000, including the UK Financial Services Compensation Scheme.

Open a Non-Resident account in India

Why open an account in India as a non-resident?

Things you should know

What you'll need to apply

Ready to open an account?

HSBC Premier

HSBC Personal Banking

How to apply for an account in India as a non-resident?

Other ways to apply

Frequently asked questions

Can I open an account online?

Who can apply for an account online?

What types of account can be opened online?

What categories of account can be opened online?

What's the difference between an NRE (non-resident external) and NRO (non-resident ordinary) account?

How many attempts can I make to submit the application form?

Once I've submitted my application, how can I track its status?

I've successfully submitted the application form and received a reference number. What's the next step?

Why am I having trouble uploading documents?

I was filling in the form online but could not complete the journey. What do I do?

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Premier offers

HSBC Personal Banking

NRI services

Notes

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