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HSBC launches new schemes for NRIs

HSBC launches new schemes for NRIs
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First Published: Fri, May 04 2007. 02 33 PM IST
Updated: Fri, May 04 2007. 02 33 PM IST
By PTI
New York: With banking transactions between India and the US increasing at a fast pace, HSBC Bank has introduced facilities to make it easier for Non Resident Indians (NRIs) to conduct cross-border transactions, besides offering a variety of US and Indian deposits, mortgage and investment products.
Announcing this on 3 May, HSBC Bank (USA) said it would provide assistance to clients in the US in opening account with the bank’s India unit and vice versa.
It is also offering free remittances to HSBC India from US through checks through internet banking, which would enable transfer in a speedy and convenient manner, a press release said.
“Between the US and India, HSBC currently serves more than 1,60,000 NRI customers and the new joined-up solution with HSBC USA will make this process even more seamless,” group general manager and country head, HSBC India Naina Lal Kidwai said.
“We believe in providing an appropriate and market leading level of service to all our customers in the US and this new offering will ensure a seamless banking experience for the NRI community,” HSBC USA, group general manager and Head, Personal Financial Services Kevin Newman said.
HSBC USA has nearly 450 bank branches throughout the US, with about 400 in New York State and a growing network of branches in New Jersey, Florida and California, which have large immigrant populations.
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First Published: Fri, May 04 2007. 02 33 PM IST
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