This Article was fact checked and last updated for accuracy on December 3, 2024 by Mani Karthik
A survey has found that in 2015, about 16 million Indian citizens moved out of the country, according an article by NDTV. This figure is a significant increase from the 6.7 million recorded in 1990. People from India choose to move out of the country for various reasons, such as job opportunities, business, study and more. However, other than the visa, finding a trustworthy bank to support your banking needs while you are a non-resident of India can be difficult.
With its NRI account, HSBC provides various services and in-depth knowledge of the overseas market. Whether you are planning to buy a house, work or study abroad, you just need to have an HSBC NRI account to deal with all the uncertainties and achieve your financial goals. Here are some beneficial features of having an NRI account with HSBC.
Related: Citibank NRI Services Review
Opening your account overseas
There are a lot of things to take care of when you move to another country. Fortunately, you don’t have to worry about having a bank to trust upon with your money and investments. You can open your account in advance with a simple and hassle-free process. Your account will be opened in just 2 days after you have submitted all your documents. Moreover, HSBC offers NRI account services in more than 30 countries and you can manage transactions via your HSBC accounts across various countries, with single login and real-time transfer services.
Related: Best NRI Bank Accounts in India
Going abroad for education
The number of Indian students studying in USA rose to 186,267 in 2016-2017, says an article on Livemint. Students are one group that needs support in managing their finances and preparing for uncertainties in a foreign land. Under the International Student Programme, HSBC not only helps students through banking services but also provides them assistance with the application process for a Canadian visa. In addition, for HSBC premier customers, no service charges are applicable for opening an international account through the International Banking Centre.
Relocating abroad
If you are planning to relocate to another country, you will require a trustworthy bank to provide you financial services. Moving to a different country can be a daunting task. However, you can remain stress-free if you use HSBC and receive our support across nations. For instance, if you are planning to move to the UK, HSBC will help you open an international account while you are still in India and provide you an efficient solution for your banking needs.
Managing investments
With HSBC’s NRI account, you can easily add investments and property to your portfolio. They will provide you excellent solutions, insights and updates regarding properties and the overseas market scenario. With their extensive research and international reach, you will not miss any opportunity to invest in a suitable property abroad.
Planning mortgage
Finding a lender in another country can be very challenging and time consuming. If you are planning to buy property or add to your existing investments, HSBC offers experienced insights to do so. They will guide you through the process of applying for mortgage and ensure that you don’t miss out on any opportunities in fulfilling your financial goals.
Other than the above features, HSBC also provides efficient services and solutions for NRIs who are planning to move back to India.
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