An easy, quick way to send and receive money worldwide
An international remittance is a safe, secure way to send money to a bank account in another country or region. With HSBC you can do it securely online, any time and in local currency. Plus, we only use up-to-date exchange rates during market hours and don't hide any of our fees.
Online transfers
Send money around the world for free
Use our Global Money Transfers[@global-money-transfers-terms-and-conditions] or our Global View and Global Transfer service[@global-view-and-global-transfers-terms-and-conditions] to send money across the world with no fees.
Wire transfers and foreign currency demand drafts
| Charge type | Charge amount |
|---|---|
| Cancellation | INR100 + applicable taxes[@remittances-applicable-taxes] |
| Foreign currency demand drafts (other than FCNR accounts) | 0.3% of value (min INR100, max INR1,500) + applicable taxes[@remittances-applicable-taxes] |
| Inward wire transfer processing | INR300 + applicable taxes[@remittances-applicable-taxes]. Free for HSBC NR and Premier customers |
| Outward foreign currency wire transfers (other than FCNR accounts) | 0.3% of value (min INR100, max INR1,500) + cable charge of INR200 for same currency wire transfer + applicable taxes[@remittances-applicable-taxes]
For transactions selected as 'OUR' (all local and overseas charges to be borne by remitter), there will be an additional charge of INR1,200* + applicable taxes[@remittances-applicable-taxes] |
| Charge type | Cancellation |
|---|---|
| Charge amount | INR100 + applicable taxes[@remittances-applicable-taxes] |
| Charge type | Foreign currency demand drafts (other than FCNR accounts) |
| Charge amount | 0.3% of value (min INR100, max INR1,500) + applicable taxes[@remittances-applicable-taxes] |
| Charge type | Inward wire transfer processing |
| Charge amount | INR300 + applicable taxes[@remittances-applicable-taxes]. Free for HSBC NR and Premier customers |
| Charge type | Outward foreign currency wire transfers (other than FCNR accounts) |
| Charge amount |
0.3% of value (min INR100, max INR1,500) + cable charge of INR200 for same currency wire transfer + applicable taxes[@remittances-applicable-taxes]
For transactions selected as 'OUR' (all local and overseas charges to be borne by remitter), there will be an additional charge of INR1,200* + applicable taxes[@remittances-applicable-taxes] |
This product/service may be affected by changes in foreign currency exchange rates.
*Standard charges as mentioned in the above table will be collected for Outward Foreign Currency Telegraphic Transfers. Correspondent and receiving banks may charge additional fees when they process the transaction, so you may be charged an additional fee.
Foreign currency cheques
Foreign currency cheques are free for HSBC Premier customers.
If you're not an HSBC Premier customer, the charge will be: 0.5% of INR value (min INR300, max INR15,000) + applicable taxes[@remittances-applicable-taxes].
Foreign exchange (FX) charges
| Currency amount | Charges |
|---|---|
| Up to INR100,000 | 1% of gross amount exchanged, with a minimum amount of INR250 |
| From INR100,000 to INR1,000,000 | INR1,000 plus 0.5% of gross amount exchanged |
| Above INR1,000,000 | INR5,500 plus 0.1% of gross amount exchanged, with a maximum of INR60,000 |
| Currency amount | Up to INR100,000 |
|---|---|
| Charges | 1% of gross amount exchanged, with a minimum amount of INR250 |
| Currency amount | From INR100,000 to INR1,000,000 |
| Charges | INR1,000 plus 0.5% of gross amount exchanged |
| Currency amount | Above INR1,000,000 |
| Charges | INR5,500 plus 0.1% of gross amount exchanged, with a maximum of INR60,000 |
Liberalised remittance scheme
| Purpose | W.E.F. 1 October 2023* |
|---|---|
Remittance out of education loan |
Nil up to INR 7 lakhs. |
Remittance for the purpose of |
Nil up to INR 7 lakhs |
Other LRS purposes |
Nil up to INR 7 lakhs |
| Purpose |
Remittance out of education loan |
|---|---|
| W.E.F. 1 October 2023* |
Nil up to INR 7 lakhs. |
| Purpose |
Remittance for the purpose of |
| W.E.F. 1 October 2023* |
Nil up to INR 7 lakhs |
| Purpose |
Other LRS purposes |
| W.E.F. 1 October 2023* |
Nil up to INR 7 lakhs |
*Threshold of INR 7 lakhs is a combined threshold for the financial year for applicability of the TCS on LRS irrespective of the purpose of the remittance (education/ medical/ others).
**Financial institution as defined under section 80E of the Act.
FAQs
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Global Money Transfers
Send money abroad, make international payments and transfer money to your overseas accounts - free[@gmt-free-fees] using the HSBC India app.
International Money Transfer
View all your global accounts in one place online and instantly move money between them, fee-free[@global-view-and-global-transfers-terms-and-conditions].
All about the Liberalised Remittance Scheme (LRS)
Residents of India can use the LRS to remit up to USD250,000 per financial year.