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As a sailor or seafarer, always being on the move can be both challenging and exciting. And while your job may be rewarding, you may face some practical difficulties.
A seafarer account can help with everyday banking like paying bills, depositing your salary, and remitting money to your family members back home – no matter where you are in the world.
If you'll be living and working outside of India, you need to have an NRI account.
A seafarer NRI account can be held either as a:
Many banks in India, including HSBC, offer benefits like discounts and cashback on travel, dining, lifestyle, and entertainment spending.
For more details, visit HSBC credit card offers.
You can add any of your family members and execute a power of attorney (POA) in their favour. This allows them to manage your finances for you.
Your family member will get a debit card for domestic withdrawals and purchases.
You can easily appoint a nominee:
When you open an NRI mariner's account with HSBC, you can send and receive money worldwide at better exchange rates and withdraw cash abroad with no fees.
You can also use your debit card at any of the bank's ATMs. Note, the NRO debit card is accessible only in India.
Premier customers will get support from a dedicated relationship manager. You'll also have help in choosing the best insurance and investment options to align with your future goals.
Additionally, you can access various goal planning tools that will help you strategies your investments better.
Yes, you can invest in mutual funds and other investments, provided you have an NRE or NRO account and your investments comply with Indian foreign exchange laws.
You can open a seafarer account if you work on any of the following:
If you're no longer in a job that requires a seafarer account, and you've decided to work in India, you can convert your NRO account to a resident savings account by calling HSBC.
Although this can vary, most banks have simple requirements for opening a seafarer account. These include:
Fill out our callback form for more information.
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This publication has been issued by The Hongkong and Shanghai Banking Corporation Limited (HSBC), India, Incorporated in Hong Kong SAR with limited liability, for the information of its customers only. This publication does not constitute tax or investment advice or an offer to sell, or a solicitation of an offer to purchase or subscribe to any product / investment. The information herein is derived from sources believed to be reliable and the concerned Information Provider(s) have duly authorised HSBC to use such information provided by them. Whilst every care has been taken in compiling the information, HSBC and the concerned Information Provider(s) do not guarantee, or make any representation or warranty and accept no responsibility or liability as to its accuracy or completeness and shall not be liable for damages arising out of any person's reliance upon this information or any action taken or not taken as a result of any material contained in the publication. All information is subject to the relevant Act, Rules, Regulations, Policy Statements, etc., of the Income Tax Department and subject to change. Expressions of opinion are those of HSBC and the Information Provider(s) only and are subject to change without notice. HSBC has not independently verified any information provided by the Information Provider(s) or that has been derived from the sources believed to be reliable by HSBC. Opinions expressed herein do not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this publication. This document is for circulation in India only. No part of this publication may be reproduced or stored in a retrieval system without the prior written permission of HSBC. Any liability is accordingly expressly disclaimed by HSBC, its officers, directors and employees.
