Non-resident Indian (NRI) services

Non-Resident Indian (NRI) accounts and /or deposits are under the Reserve Bank of India programme for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programmes, are subject to the sovereign risk arising from and governed by the laws of, or any changes to the laws of India.

NRI deposits/ accounts are held with The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India) and are not insured by any insurance company or corporation outside India and are payable only at the branch of the Bank in India where the deposit is made.

The deposit is being taken by HSBC India, a banking Company incorporated under the Companies Ordinance of the Hongkong Special Administrative Region (HKSAR), having its registered office at 1, Queen’s Road Central, Hongkong, having its India Corporate Office at 52/60, Mahatma Gandhi Road, Fort, Mumbai - 400 001. The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India) is regulated for any deposit taking business by Reserve Bank of India. If you have a complaint about our deposit taking business, which cannot be resolved to your satisfaction by ourselves, then you may be able to refer this to Grievance Redressal Mechanism of the Bank. Your deposit may be guaranteed under Deposit Insurance and Credit Guarantee Corporation (DICGC) which covers most types of deposit-taking business in the instance that we cannot meet our obligations. HSBC India has paid up capital and reserves of INR M 550,382 as at 31 March 2026.

NR deposits with the Bank in India are not insured by Federal Deposit Insurance Corporation (FDIC) of the USA, nor by any other insurance company or corporation outside India and are payable only at the branch in India where the deposit is made.

Under current US tax laws, US citizens and residents are subject to tax on their worldwide income. You should consult your tax advisor for the US treatment of income from these deposits.

NRI accounts and services are offered by HSBC India. This information does not constitute an offer or invitation by us to make a deposit or enter into any agreement with you. If you are entering into a new contractual agreement, this will only be completed on acceptance by HSBC India of any contractual documentation outside the UAE. HSBC India is a branch of The Hongkong and Shanghai Banking Corporation Limited. The Hongkong and Shanghai Banking Corporation Limited has a Representative Office in the UAE licenced by the Central Bank of the United Arab Emirates.

Deposits/accounts held with HSBC India are not protected deposit and are not protected by Deposit Protection Scheme in Hong Kong. HSBC India is not an authorised institution under the Hong Kong Banking Ordinance and are therefore not subject to the supervision of the Hong Kong Monetary Authority. This information does not constitute an advertisement or invitation to make a deposit or an invitation or offer to enter into any agreement to make a deposit. HSBC India has assets and liabilities of INR M 4,819,108 each as of 31 March 2026. The interest rate offered by HSBC India on deposits is variable and subject to periodic revision. Please refer to HSBC India’s website and official communications for the most current rates.

This communication does not constitute an offer by the Bank to make available, solicit, issue an invitation to purchase or offer for purchase any securities or offer any services in Singapore.

For Residents within Kingdom of Bahrain, we remind you that the Bank is licensed in India and it is not licensed, supervised or regulated by the Central Bank of Bahrain nor are any of its products and/or services approved or registered with the Central Bank of Bahrain. Any and all services to be provided by the Bank shall be provided outside of Bahrain. Deposits made with HSBC India do not benefit from the protection provided under the Deposit Protection Scheme established by the Central Bank of Bahrain regulation concerning the establishment of a Deposit Protection Scheme and a Deposit Protection Board.

NRI services are provided by HSBC India. HSBC India is the branch of The Hongkong and Shanghai Banking Corporation Limited and HSBC India is not regulated in Canada. NR deposits with the Bank in India are not insured by Canadian Deposit Insurance Corporation (CDIC), 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. You should consult your tax advisor for the Canada treatment of income from these deposits. Contracts and forms signed in Canada are not valid until accepted and approved by HSBC India outside of Canada.

Deposits and accounts held with HSBC India are not protected by the Australian Financial Claims Scheme.

*USD FCNR(B) deposits placed for the extant tenor of 3, and 5 years will be exempt from the aforementioned clauses.  These deposits, in line with RBI directives, will have a lock-in period of one year and cannot be pre-maturely withdrawn. If you withdraw your money after completion of the lock-in period of 1 year but before maturity, a flat 4% charge will be applied to the principal deposit amount. Partial withdrawals are not allowed.

Any FCNR (B) deposits renewed on maturity with a minimum contractual tenor of three years and a maximum tenor of five years, shall be treated the same.

Please contact your RM/ visit your nearest branch to know more.