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| USA |
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| Internet Banking |
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With HSBC NRI Services, you can now send money to India using just your fingertips! Moreover, your money gets credited into your HSBC NRI account in India in just 3 working days**. No transfer fee will be charged to you by HSBC India for such transfers.
A flat conversion fee of Rs. 50/- plus service tax, currently applicable at 10.30% of the fee, will be debited by HSBC India from the proceeds of each remittance transaction involving a foreign currency conversion.
Register for Internet Banking on your USD Account with HSBC Bank USA N.A (HSBC USA) and enrolled for International Transfer feature available on Internet Banking.
International Transfers made from USD accounts with HSBC Bank USA, N.A. are subject to HSBC Bank USA, N.A.'s outgoing funds transfer fee, which will be charged to the deposit account from which the transfer is made. This fee will be waived by HSBC Bank USA, N.A. for International Transfers made from your PLUS checking account with HSBC Bank USA, N.A. to your own Non Resident account with HSBC India.
If you are not registered for Internet Banking on your account with HSBC USA, please visit www.us.hsbc.com/pib and sign up.
To know more about the service, simply call (Toll Free) 1-877-NRI-HSBC (1-877-674-4722) |
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| Cheques |
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With FastCHEQUE, you are no longer forced to choose between economical but slow and fast but expensive modes of remittance! Send money from any of your USD bank accounts in the US to your NRI account with The Hongkong and Shanghai Banking Corporation Limited in India (HSBC India), for FREE*in just 3-5 working days**!
A flat conversion fee of Rs. 50/- plus service tax, currently applicable at 10.30% of the fee, will be debited by HSBC India from the proceeds of each remittance transaction involving a foreign currency conversion. |
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| Simple steps for using FastCHEQUE: |
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Step 1:
Write a cheque drawn on any of your USD bank accounts in the US, payable to:
<HSBC NRI Acct> - <Name of the customer> For example; HSBC NRI Acct - RAJAN JOSHI |
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Step 2:
Fill up the FastCHEQUE Instruction Form and attach it with the cheque. You can download the form from the NRI Services-USA-Remittances section on www.hsbc.co.in. |
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Step 3:
Mail / Courier to the NRI Centre address mentioned alongside. |
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| Mail to : |
The Representative Office: Hongkong and Shanghai Banking
Corporation Ltd.
Box 347246
Pittsburgh, PA 15251-4246 |
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| Courier to : |
The Representative Office: Hongkong and Shanghai Banking Corporation Ltd.
Attn: Lockbox # 347246,
500 Ross Street
Suite 154-0455
Pittsburgh, PA 15262 |
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| *Remittances through FastCHEQUE are free only if they are done using a USD cheque through HSBC USA NA’s lockbox in Pittsburgh. Please note that you can deposit only a personal or certified cheque drawn on your account or official bank /cashier’s cheques, into the lockbox. Deposit of currency/ coin, traveler’s cheques in any form, money orders, third party items, business cheques, Canadian items, foreign items, promissory notes and securities / stocks (impermissible items), is not permitted. Please note, a charge of USD 10 would be debited from your NRE / NRO account with HSBC India, if any of the above impermissible items are sent for processing to the lockbox or if your cheque gets returned. |
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| **The term 'working days' refers to days that are bank working days in both USA and India. In case of FastCHEQUE, the NRI account will be credited in 3-5 working days post receipt of the cheque at the lockbox. |
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| NRI Services are provided by HSBC India. HSBC India are the branches of The Hongkong and Shanghai Banking Corporation Limited. |
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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. NR deposits with the Bank in India are not insured by Federal Deposit Insurance Corporation (FDIC) of the U.S.A., nor by any other insurance company or corporation outside India and are payable only at the branch of the Bank in India where the deposit is made.
Under current U.S. tax laws, U.S. citizens and residents are subject to tax on their worldwide income. You should consult your tax advisor for the U.S. treatment of income from these deposits. |
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