Global Money Transfers

Watch our short video for instructions on making convenient, fast and free overseas transfers.

1. Log on to the HSBC India mobile banking app
2. Go to 'Move Money', then 'Send money internationally'
3. Select a country or territory and a 'From' account
4. Enter the amount you want to send
5. Select 'Add a new payee' or select an existing payee
6. Select 'Continue', review your transfer and hit 'Confirm'
   
   

You can add a new recipient on the app. You'll need their bank account details: payee's name, bank code, account number and address (optional).

Watch our short video for instructions on making convenient, fast and free overseas transfers.

Find out how you can simplify your child’s overseas education payments with GEP and Global Money Transfers.

How it works

• Transfer to a list of 600+ universities across 5 regions with pre-verified bank account details
  
• Enjoy cheaper payments
• Make instant, secure transfers on your mobile
• Get reduced Tax Collected at Source(TCS) rate from 5% to 0.5% for remittances above INR 700,000[@gep]

What you need to do

1. Go to 'Move money' and select the 'Send money internationally'
2. Select payment type as 'Education transfer'
3. Select or manually add your desired institute to make transfer
4. Enter your transfer and student details
5. Upload your loan documents if the fund source is selected as 'Student loan'
6. Confirm and submit the transfer details

Terms and conditions apply.

Afghanistan, Åland Islands, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctic Treaty, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Plurinational State of Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, the Democratic Republic of the Congo, Cook Islands, Costa Rica, Côte D'Ivoire, Croatia, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Honduras, Hong Kong SAR, Hungary, Iceland, Indonesia, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Republic of Korea, Kuwait, Kyrgyzstan, Lao People's Democratic Republic, Latvia, Lebanon, Lesotho, Libya, Liechtenstein, Lithuania, Luxembourg, Macao SAR, North Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Federated States of Micronesia, Republic of Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, State of Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Romania, Russian Federation, Rwanda, Saint Helena, Ascension and Tristan Da Cunha, Saint Kitts and Nevis, Saint Lucia, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and the South Sandwich Islands, Sudan, Spain, Sri Lanka, Suriname, Svalbard and Jan Mayen, Eswatini (Swaziland), Sweden, Switzerland, Saint Barthélemy, Saint Martin, Taiwan Province of China, Tajikistan, United Republic of Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States of America, United States Minor Outlying Islands, Uruguay, Uzbekistan, Vanuatu, Vietnam, British Virgin Islands, Virgin Islands, U.S., Wallis and Futuna, Western Sahara, Yemen, Zambia, Zimbabwe.

Australia, Bahrain, Bermuda, China, Egypt, Guernsey, Hong Kong, HSBC Expat, Indonesia, Isle of Man, Jersey, Malaysia, Malta, Philippines, Qatar, Singapore, Sri Lanka, Taiwan, United Arab Emirates, United Kingdom, United States, Vietnam.

United Arab Emirates dirham (AED), Australian dollar (AUD), Canadian dollar (CAD), Swiss franc (CHF), Czech koruna (CZK), Danish krone (DKK), Euro (EUR), British pound sterling (GBP), Hong Kong dollar (HKD), Japanese yen (JPY), Norwegian krone (NOK), New Zealand dollar (NZD), Polish zloty (PLN), Saudi Riyal (SAR), Swedish krona (SEK), Singapore dollar (SGD), Thai Baht(THB), Turkish New Lira (TRY), United States dollar (USD), South African rand (ZAR).

The amount depends on your residency status and maximum daily transfer limit.

Up to USD25,000 per day or per single transaction, up to the per financial year LRS limit of USD250,000.

Transfers to a non-HSBC bank: INR30 lacs (or its equivalent in foreign currency), or up to the maximum daily limit you've set for third-party account transfers, whichever is lower.

Transfers to an HSBC bank:  USD50,000 per day or per single transaction.

We won't charge you anything to send money with the Global Money Transfers service, but recipient banks may apply charges to your transaction.

Read more about international transaction charges.

Foreign currency drafts are available in all major currencies and are offered to both Resident and Non-Resident HSBC customers.

Please note: HSBC India will not issue demand drafts in GBP & EUR effective 30 September 2020.