HSBC Offers New Banking Solutions for NRIs

May 18, 2007	(1 votes, average: 5 out of 5)  Loading ...
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With an increase in banking transactions between India and the US, HSBC Bank unveils new breakthrough solutions for Non resident Indians (NRIs) to smoothen out banking transactions for them.

In addition to providing a variety of US and Indian deposits, mortgage and investment products, the new products also include a series of benefits for NRIs to make cross-border transaction easier.

HSBC Bank (USA) will be providing assistance to NRIs in the US in opening account with the bank’s India unit.

At present, HSBC has a large customer base including 160,000 NRI customers between India and the US. New solutions devised by HSBC will help the NRIs in banking transactions in both the countries, says Manasije Mishra, Senior Vice President and Head NRI Services, Personal Financial Services, HSBC India.

The list of benefits for NRIs will take several significant things into account. Important of all will be assistance in free remittances to HSBC India from the US at low exchange rates by US dollar checks, free remittances from the US to India with the help of Internet banking where customers banking in both the branches can remit money to their NRI accounts held with HSBC India conveniently and fastly.

The bank is also considering coming up with another NRI center in Fremont, California to expand its New York NRI office. Currently, it is running over 450 branches in the US. Of this, it has 400 are in New York. With 47 branches, the bank is running good business in India as well.

News Published Under:   Non Resident Indian (NRI), Banking and Finance |

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