| Issued by The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India). Incorporated in Hong Kong SAR with limited liability.
*For NRIs in Canada: Remittances from Canada are free only if the funds are transferred from your CAD account with HSBC Bank Canada, to your own NR Account with HSBC India.
^^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 foreign currency conversion.
As per current local regulations the permissible remittance from the balances in NRO accounts is up to USD 1 million, per financial year for all bonafide purposes. The remittances (net of applicable taxes) will be allowed to be made on production of an undertaking by the remitter and a Certificate from a Chartered Accountant in the prescribed formats.
HSBC India is the branch of The Hongkong and Shanghai Banking Corporation Limited (HSBC India)and not regulated in Canada. NR accounts and NRI Services are offered by HSBC India under the Non-Resident Indian program of the Reserve Bank of India. HSBC India is not a member of the Canada Deposit Insurance Corporation (CDIC) therefore NR accounts with HSBC India are not CDIC insured.
This mail does not ask for any personal details like account number and pin number. Please do not respond to the mail if it does.
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