Tapping the large NRI community in the US, HSBC has introduced a range of cross border banking solutions for US and Indian deposit, mortgage and investment products.
The new products are accompanied by a series of benefits for
NRIs in the US which would smoothen out banking transactions
to a large extent.
The privileges include: ease in opening an
account with HSBC in the USA while the NRI is in India, and vice
versa; cost effective remittance from the US to India through
the Fast Cheque facility; the Fast Click remittance facility
through the internet, provided the transfers are to HSBC accounts;
access to HSBC's range of commercial and personal product services in the US; and access to HSBC's range of deposit and mortgage products in India.
In addition, remittances of high value would be possible through
wire transfers, and Indian Rupee drafts made in the US for beneficiaries
in India.
Considering the 450 branch network of the HSBC in the
US, and the 47 branches and 170 ATMs in India, HSBC, a "seamless banking experience" is ensured for the NRI community.
HSBC currently caters to 160,000 non resident Indians in the
US, and the bank expects to draw more customers with its latest
banking solution.
