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Outward Remittance

Make Happiness travel the globe

Why choose an Outward Remittance?

When it comes to the happiness of those special to you, the miles simply fade away.

 

With Remittances from HSBC, be it supporting your children's education abroad or gifting loved ones on their first New Year away from home, it is easy to remit happiness to your dear ones anywhere in the world.


Faster and smooth transfer of money from your HSBC India account to beneficiary account overseas.


This service is offered to both Resident and Non-Resident customers of the Bank subject to adherence to the local regulatory guidelines

To initiate a transfer:

Get in touch with your HSBC Relationship Manager or visit nearest HSBC India branch

Outward Wire Transfer

Faster and smooth transfer of money from your HSBC India account to beneficiary account overseas

This service is offered to both Resident and Non-Resident customers of the Bank subject to adherence to  the local regulatory guidelines

Global View and Global Transfer

When it comes to managing your finances globally, experience convenience at a click. Through Global View, link and manage your HSBC overseas accounts in a single login. You can also transfer between your HSBC accounts through Global Transfers. The proceeds are credited to the beneficiary account within 2 working days.#

You can use Global Transfers for remitting money between your own HSBC Premier and Advance accounts to your HSBC overseas accounts using the Personal Internet Banking platform.

This service is only available to Non-Resident customers of the Bank holding HSBC Premier/Advance Non-Resident External (NRE) accounts.

Features

  • Global Transfers allow you to transfer money online between your linked international HSBC Premier/Advance accounts in Global View
  • HSBC Premier customers are not levied any charges except for the applicable taxes$$
  • For HSBC Advance customers a service charge will be charged in addition to the applicable taxes$$ for each transfer made, as per HSBC Advance Tariff Schedule available on the Bank's website.

 

How to 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.

Foreign Currency Cheque/Drafts

The Bank offers you the services of issuance of foreign currency drafts in all major currencies. This service is offered to both Resident and Non-Resident customers of the Bank.

This service is offered to both Resident and Non-Resident customers of the Bank.

Initiate an Outward Remittance

Speak to us today

Reach out to your relationship manager, find your nearest branch, or contact us online

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With Remittances from HSBC it is easy to remit happiness to your dear ones anywhere in the world.

 

Remit happiness anywhere, anytime

 

Services for Non-resident Indian banking customers

Important Information

Disclaimers

To reasonably satisfy that the transaction in foreign exchange (including remittance transactions) undertaken is not in contravention of the Foreign Exchange Management Act, 1999 (Act) or evades the provisions of the Act or any of the Rules or Regulations made or Notifications or directions or orders issued under the Act, the Authorised Dealer Bank may be required to obtain a declaration and such other information from the person (applicant) on whose behalf the transaction is being undertaken.  

#Working days - The term 'working days' refers to days that are bank working days in both, the country of remittance and HSBC India.  

^Global View and Global Transfer service is available in select countries and is subject to local regulations. In India, these services are subject to applicable restrictions under the Foreign Exchange Management Act, 1999. You can only make outward transfers from NRE accounts when using HSBC Premier/Advance Internet Banking in India.  

Global Transfer Service (the 'Global Transfer Service') is provided by HSBC Holdings plc and its worldwide subsidiaries (each of which is included when the words 'we' and 'us' and 'our' and 'HSBC' are used in these terms). The Global Transfer Service enables the customers (Customer) of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC/the Bank) a convenient way to transfer money between accounts linked in Global View, through the Bank's Personal Internet Banking in that country with your accounts held and accessible through HSBC Personal Internet Banking in any other country. The Global Transfer Service is not available in all countries. 

Global Transfer Service terms and conditions (Terms) before you begin using the Global Transfer Service and transferring funds between your accounts, the following must be noted and agreed: 

The Bank shall not be liable for any fluctuations in foreign currency exchanges.

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.

All fund transfer requests involving currencies apart from USD would be first converted to USD and then to the eventual currency intended in.

The Bank shall debit the Customer's account with the instructed debit amount in the domestic currency and credit to be effected in currencies other than the domestic currency of issuance after conversion into the intended currency at the prevailing exchange rate as determined by the Bank on the day of conversion.

Outward transfers from India using the Bank's Internet Banking services are only permissible through NRE accounts, where a transfer takes place involving 1 or 2 unsupported currencies, the Customer will always receive an indicative exchange rate on the review details screen. Where the 'unsupported currency entity' treasury is 'open', the actual exchange rate that is applied to the transfer will be displayed on the confirmation page, and the transfer will be processed 'real time'. Where that treasury is closed, the indication rate will be displayed on the confirmation page as well. The debit will be processed 'real time' and the credit will be processed when the local treasury is open (the customer will be advised on the delay in the credit on screen). The actual amounts and exchange rate used will be displayed to the Customer in Global Transfers history once the transfer has been processed. 'Instant Credit' and 'Real Time rates' for transactions between two countries will be made available only if the transaction is made between two currencies as listed below and during working hours of both countries. In case, the transaction pertains to any currencies other than the currencies listed below, the same will be executed on the next working day and then the prevailing exchange rate will be applicable. The listed currencies are AUD, GBP, SGD, CAD, HKD, THB, CHF, JPY, USD, EUR, NZD, AED, ILS, SAR, BHD, KWD, SEK, BND, MXN, TYR, CZK, NOK, ZAR and DKK. Supported currencies (AUD, CAD, CHF, DKK, EUR, FJD, GBP, HKD, INR, MXN, JPY, SGD, USD, ZAR, NZD) are the ones where immediate transfers are made 'near real time#*' with an exception of 1 January when Hong Kong Treasury is not open for trading. The exchange rate applied as well as debit and credit amount of the Global Transfer is advised by Global Transfer Service. All other currencies, other than the above, are deemed to be 'unsupported currencies'.

#*Near real time = as soon as any automated checking has been complete.

Customer is required to check the status of all transactions including any unsuccessful transfer in the 'Transfer History' page before retrying the same and the Bank shall not be responsible if such transfer has not been effected for any reason whatsoever.

The 'Global Transfer Services' shall be available in selective countries only and will be rolled out to more countries in due course of time. In India, the 'Global Transfer Service' is subject to applicable restrictions under Foreign Exchange Management Act, 1999.

The 'Global Transfer Service' is not applicable to telegraphic transfers set-up via standing instructions.

The Customer shall ensure that there are sufficient funds (or pre-arranged credit facilities) in the Customer's accounts for the purpose of the internet requests or other instructions and the Bank shall not be liable for any consequences arising out of the Bank's failure to carry out such instructions not withstanding such inadequacy, the Bank may do so without seeking prior approval from or notice to Customer and the Customer shall be responsible to repay with interest the resulting overdraft, advance or credit thereby created and for all related charges. The Bank will also not be liable for receipt of the transaction details by a third party on account of any negligence or omissions and commissions not attributable to the Bank.

The daily transactional limit for any outward transfer is set at equivalent of USD$100,000 that includes all types of own account transfers. This is subject to the permissible limits set by the Reserve Bank of India as per the type of outward transfers.

The transaction will be carried out subject to availability of clear funds in the debit account on the effective date. If this effective date happens to be a Sunday or a bank holiday, the transaction will get processed on the next 'working day'. The term 'working days' refers to days that are bank working days in both, the country of remittance and the Bank.

The Bank shall not be liable for any transactions not carried out due to any technical reason.

The Bank shall terminate this facility with immediate effect in the occurrence of failure to comply with the terms and conditions herein set forth, an event of default under any agreement or commitment (contingent or otherwise) entered into the Bank, the Customer becoming the subject of bankruptcy, insolvency proceedings or proceedings of a similar nature, the demise of the Customer, or any other cause arising out of operation of law.

For outward remittances - Wire funds in any of the following currencies - US Dollars (USD), British Pounds (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollars (CAD), Australian Dollars (AUD), Hong kong 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)

$$All foreign currency transactions through HSBC India are subject to applicable taxes