Transfer Money from Hong Kong to India

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Hong Kong boasts of a vast community of Non-Resident Indians in South-East Asia. As an NRI, with family and interests in India, you may need to send money to India periodically. A DBS Treasures NRE account not only makes it easy for you to send money to India, but it also allows you to manage your financial commitments there with great convenience.

At a Glance

If you have an NRE account in India, you can send money to it using any method of transfer available in Hong Kong, including online remittance and bank to bank transfers. Once the money is credited to your NRE account, you will receive an instant SMS and e-mail notification about it.

One of the biggest advantages of remitting to an NRE account is that there is no limit on the amount you can send – this is great if you want to transfer money from Hong Kong to India for a high-value transaction like a property deal.

Inward Remittances

An NRE account comes with various inward remittance benefits including:

  • Preferential Exchange Rates: NRE account holders get preferential rates while remitting money if they choose to make the conversion from HKD to INR at the time of credit.
  • No Service Charges: Credits to a DBS Bank NRE account do not attract any additional service charges. Only the Fx conversion fees will be levied.
  • 24-Hour Credit: When you transfer to an NRE account, the beneficiary account gets credited within 24 hours* of DBS Treasures receiving instructions.

*T&Cs Apply

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NRE Account Benefits

  • Open Your Account from Anywhere: You can open an NRE account conveniently from any location around the world
  • Enjoy Special privileges: Enjoy up to 40 exclusive privileges like global travel and medical assistance, overseas educational concierge, tax and trust planning, legal services, etc.
  • Reduce Your Tax Liability: Interest income from your NRE account is tax-free in India
  • Enjoy Exclusive privileges: Enjoy over 40 privileges global medical and travel assistance, overseas educational concierge, property management services, etc.
  • Get a Dedicated Relationship Manager: Get assisted by an experienced specialist in case you have any queries
  • InitiateFull Repatriation: You can send the money held in an NRE account back to your resident country any time you wish
  • Benefit from Reduced Tax Liability: Interest income from an NRE account attracts no tax in India
  • Avail a Competitive Rate of Interest: DBS Treasures offers competitive interest rates on its NRE savings account
  • Pay for Online Shopping and Utility payments: Pay utility bills easily, make investments and donations using our mobile banking app

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Service Charges

If you send money from Hong Kong to India to a DBS Bank NRE account, we levy no additional service charges.

International Funds Transfer Service Charge
Credit to DBS Treasures Account for Inward remittance Free
Returned funds for unapplied OTT / ITT (for inward remittance) All INR 500 + Swift Charges

Money Transfer Options

You can send money from Hong Kong to India via offline or online options like foreign demand drafts, wire transfers or a correspondent bank transfer. The most convenient method is online transfers through an NRE account.

How to Send Money to India Online from Hong Kong

Let us look at how you can transfer money from Hong Kong to India conveniently through an NRE account:

Step 1: Open a DBS Treasures NRE savings account. You can do this remotely; we have dedicated Relationship Managers to help you with the process.

Step 2: Log in to your savings account abroad and choose remittances or similar international funds transfer option.

Step 3: Enter your Customer ID or mobile number along with your bank account details.

Step 4: Select or add your beneficiary DBS Treasures NRE account. You need to add your beneficiary details only once for the first time.

Step 5: Recheck the information entered (e.g. account information, IFSC code, SWIFT code, etc.)

Step 6: Click on ‘Submit’ or an equivalent button.

Once the money is deposited in your NRE account, we will send you an alert via SMS and e-mail. There is no upper limit on the funds you can transfer to India from Hong Kong with this account.

How to Apply

Apply Now   A Relationship Manager will reach out to you shortly.


Frequently Asked Questions

Can I hold a joint NRE account with a resident Indian?

Yes, you may open a joint NRE account with a resident Indian relative on a former or survivor basis. The resident Indian family member can manage the account as a power of attorney holder.

How much money can I send to an NRE account from Hong Kong and an NRE account back to Hong Kong?

There is no limit to the amount you can send from Hong Kong to India to an NRE account. Also, you can freely repatriate the money you have in your NRE account back to Hong Kong.

For what reasons can I send money to an NRE account?

You can send money to an NRE account for any reason, such as paying for family expenses, buying property, investing in the Indian market, making donations, paying bills, etc.