The Hongkong and Shanghai Banking Corporation (HSBC) (India) Wire Transfer

Wire transfer is the fastest mode of receiving money in your The Hongkong and Shanghai Banking Corporation (HSBC) (India) account from abroad. You can receive money into your The Hongkong and Shanghai Banking Corporation (HSBC) account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to The Hongkong and Shanghai Banking Corporation (HSBC)

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in India) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your The Hongkong and Shanghai Banking Corporation (HSBC) account, please provide the following wire instructions to the sending financial institution:

Bank Name:The Hongkong and Shanghai Banking Corporation (HSBC) (India)
SWIFT BIC Code for The Hongkong and Shanghai Banking Corporation (HSBC):For The Hongkong and Shanghai Banking Corporation (HSBC), this code is HSBCINBB
The Correspondent Bank Accounts for Remittance:The Hongkong and Shanghai Banking Corporation (HSBC)’s Nostro Account Numbers
Bank Branch Address:Your bank branch name and address
Beneficiary Account Number:Your complete The Hongkong and Shanghai Banking Corporation (HSBC) account number
(including leading zeros, if any)
Beneficiary Name:The full name of your account as it appears on your statement
Beneficiary Address:Your complete address

Note of Caution on Fees: If your money transfer involves currency conversion, there is a high chance you will get a poor exchange rate from the banks and as a result pay high hidden fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your The Hongkong and Shanghai Banking Corporation (HSBC) account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address.
2. The recipient’s IBAN or account number.
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code.

Incoming Wire Transfer Fees for The Hongkong and Shanghai Banking Corporation (HSBC) (India)

International Incoming Wire Transfer Fees for The Hongkong and Shanghai Banking Corporation (HSBC) is as follows:

Payment typeCost
Telegraphic Transfer – Inward Processing FeeINR 300 + Service Tax
(Free for HSBC Premier & NRI customers)

Outgoing Wire Transfer Fees for The Hongkong and Shanghai Banking Corporation (HSBC) (India)

International Outgoing Wire Transfer Fees for The Hongkong and Shanghai Banking Corporation (HSBC) is as follows:

Payment typeCost
Outward RTGS Transfers
INR 2 lakhs upto INR 5 lakhsINR 25 per transaction
INR 5 lakh and aboveINR 50 per transaction
Outward NEFT Transfer
Upto INR 10,000INR 2.5 per transaction
INR 10,001 to INR 1 lacsINR 5 per transaction
Above INR 1 lacs to INR 2 lacsINR 15 per transaction
Above INR 2 lacsINR 25 per transaction

Apart from the wire transfer fees, if the transfer involves currency conversion, banks make money on currency conversion as well by giving retail conversion rates to you which is usually 1-2% lower than the market rate. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Outgoing Wire Transfer Cutoff Time for The Hongkong and Shanghai Banking Corporation (HSBC) (India)

1. The Cut-off Times for The Hongkong and Shanghai Banking Corporation (HSBC) differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.

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