Desi News Corp - Index

Desi News Corp - Desi News - Feb 09 - Index

HSBC
Wooing NRIs
with a new range
of services
Canadian residents of
Indian heritage who
use banking services
between Canada and India now
have access to a more simple
option for conducting their
financial transactions.
The new HSBC Non-Resident
Indian (NRI) banking service
will give you convenient
and cost-effective access to a
wide range of international
banking services including:
• Assistance for Canadabased
Indians in opening bank
accounts with HSBC in India.
• Fast Remittance service
options including: FastCheque –
a fee free* remittance service to
transfer funds at competitive
exchange rates, and FastClick –
a fee free* service to transfer
funds using phone or internet
banking. This service will allow
customers to remit funds directly
from their Canadian accounts to
their NRI accounts in India.
• Assistance in choosing from
a variety of deposit products
offered by HSBC in India.
Tracy Redies, executive VP,
Personal Financial Services and
Wealth Management, said: “Indians
around the world and in
Canada expect the highest levels
of service. HSBC, as the most international
of all the major banks in
Canada, is best positioned to deliver
these services.” HSBC is
opening a dedicated NRI representative
office in Mississauga
at 4550 Hurontario Street.
• For more info, call 1-877-674- 4722.
* Fee-free if customers debit their
Canadian dollar account with HSBC
Bank Canada and credit their NRI
account with HSBC India. A
conversion fee will be debited by HSBC
India from the proceeds of each foreign
currency remittance.
February 2009 Desi News 35