Make banking across borders easier
If you've moved to the UK from India to live or work, HSBC India's Non-Resident Indian services make banking across borders easier.
As a global bank, we're well placed to support your international banking needs. Whether you're supporting loved ones or keeping savings in India, an HSBC India account can help you manage your financial commitments back home.
- Enjoy exchange rate certainty when transferring from GBP to INR
- Have peace of mind knowing that your transaction is safe and secure
- Send money to India easily 24/7 online, using international payments. Fees may apply.
Discover HSBC India NRI accounts
As a Non-Resident Indian, HSBC India can help you open a fixed deposit or savings account, designed to make managing your money in India simple while you're in the UK.[@nri-accounts]
Savings accounts
With an NRI savings account, you can:
- Manage your savings in India stress-free from anywhere in the world
- Deposit income you get from rent, dividends or a pension in HSBC India
To apply, you'll need to maintain an Average Quarterly Balance (AQB), which will vary depending on your circumstances.
We'll let you know how much you'll need before you apply.
Fixed term deposit accounts
With a fixed term deposit account, you can:
- Enjoy peace of mind with a fixed interest rate
- Earn interest on your balance
- Choose a flexible term
Eligibility criteria apply. We'll let you know the full criteria before you apply.
Types of NRI account
Non-resident Ordinary Rupee Account (NRO)
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Rupee account
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Taxable in India
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Interest rates linked with India domestic deposit rates
Non-resident External Rupee Account (NRE)
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Rupee account
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Non-taxable in India
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Interest rates decided by the State Bank of India
Foreign Currency Non-resident Deposit Account (FCNR (B))
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Fixed-deposit account
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Non-taxable in India
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Available in 6 currencies: USD, GBP, EUR, CAD, AUD, JPY
Things to know before you apply
The products and services are offered by HSBC India and the information above has been approved by HSBC UK Bank plc for HSBC India.
These products and services are not regulated by the Financial Conduct Authority in the UK and as such the protections afforded by the UK regulatory system, including the Financial Services Compensation Scheme (FSCS), will not apply.
As part of processing your request, any information you provide in the form will be shared with HSBC India. For more information, read the full data privacy policy for HSBC India.
Ready to open an HSBC India NRI account?
To apply for a sole, joint or minor account you must be 18 years old or over, and have proof of Indian origin, such as one of the following:
- You're a Person of Indian Origin (PIO)
- You have an Overseas Citizenship of India (OCI)
- You have an Indian passport with a valid visa, work permit or residency card