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HDFC NRI FD Rates

HDFC Bank offers a number of NRI Deposit options for NRIs to earn attractive interest on their savings. NRO/NRE Term Deposits are among the company’s popular investment options. They are offered at competitive interest rates with high degree of security, operational flexibility and many other benefits.

About HDFC Bank: Incorporated in August 1994, the Housing Development Finance Corporation Limited (HDFC) was among the first to get an 'in principle' approval from the banking regulator RBI to establish a bank in the private sector. As on March 31, 2019, the bank reportedly had a nationwide distribution network 5,103 branches and 13,160 ATM's in 2,748 cities/towns. (Note - All the information contained in this page has been sourced from the official website of HDFC Bank.)

HDFC Bank NRO/NRE Term Deposits

Click here to know about NRO/NRE Term Deposits

Source: Official website of HDFC Bank Note: Fixed deposit interest rates are subject to change from time to time as per the Bank’s discretion.

Source: Official website of HDFC Bank Note: Fixed deposit interest rates are subject to change from time to time as per the Bank’s discretion

HDFC Bank FCNR and RFC Deposit Rates

Click here to know about HDFC Bank FCNR and RFC Deposit Interest Rates

Source: Official website of HDFC Bank

Note: Interest rates are subject to change from time to time as per the Bank’s discretion.

HDFC Bank RFC Fixed Deposit Rates

Click here to know about HDFC RFC Fixed Deposit Rates

Source: Official website of HDFC Bank Note: Interest rates are subject to change from time to time as per the Bank’s discretion.

Features of HDFC NRI FD Account

Features and Benefits of NRE Fixed Deposits

  • High interest rate on deposits
  • Partial withdrawal facility available
  • Tax exemption from the entire deposit (principal as well as interest)
  • The account can be opened jointly with any other NRI
  • Overdraft of up to 90% of the deposit available
  • Repatriate complete deposit (principal as well as interest) at any time
  • Nomination facility available
  • Cluster Deposit: Part of the deposit can be encashed, while the remaining continues to earn interest at the contract rate as NRE Fixed Deposit is held in clusters of Re.1 a. Initial Fixed Deposit: Rs. 25,000 b. Add-on Fixed Deposits: Rs. 10,000
  • The tenure of the deposit can range from a minimum of 1 year to a maximum of 10 years.

Features and Benefits of NRO Fixed Deposits

  • High interest rate on deposits
  • Repatriate the interest on deposit
  • Overdraft facility available for up to 90% of the deposit, for self or others
  • Deposit can be opened jointly with a Resident Individual on Former or Survivor basis
  • Interest credited every 3 months
  • Nomination facility available
  • Cluster Deposit: Encash part of the deposit, while the remaining continues to earn interest at the contract rate as the NRO Fixed Deposit is held in clusters of Re.1 a. Initial Fixed Deposit: Rs. 25,000 b. Add-on Fixed Deposits: Rs. 10,000
  • The tenure of the deposit can range from a minimum of 7 days to a maximum of 10 years.

Eligibility Criteria for HDFC NRI FDs

Who can open NRE Fixed Deposit?

NRE Fixed Deposit can be opened by an Individual NRI (other than persons of Bangladesh/Pakistan nationality/ownership). The account should be used to invest foreign income to earn high returns.

Who can open NRO Fixed Deposit?

NRO Fixed Deposit can be opened by an Individual NRI (other than a resident in Nepal and Bhutan). The account should be maintained to invest local funds in India to earn high returns.

FAQs on HDFC NRI FD Rates

What is the interest rate that HDFC NRI FD Rates offers on senior citizens FDs?

Differential interest rates are not offered to senior citizens maintaining HDFC NRE/NRO Term deposits. The rates will be the same as stated in the table listed above.

Can I make alterations to the tenure of my ongoing HDFC NRI FD Rates?

An individual cannot change the tenure of an already active fixed deposit account. However, he or she can close the existing fixed deposit account and open a new one with tenure of his or her choice.

How to open an HDFC NRI FD Rates account without a PAN card?

In case PAN is not available, an individual will have to make a declaration in Form 60.

What is the highest interest rate that is offered by the HDFC NRI FD Rates?

For deposits up to Rs. 2 crores, the interest rates can go as high as 7.40% per annum.

What are the tenure options with HDFC NRI FD Rates?

In case of NRE Fixed Deposits, the tenure can range from a minimum of 1 year and can go up to a maximum of 10 years. For NRO Fixed Deposits, the tenure can range from a minimum of 7 days to 10 years.

What is the minimum amount required to start an HDFC NRI FD Rates account?

The minimum amount required to open NRE Fixed Deposit Account is Rs. 25,000 and for Add-on Fixed Deposits is Rs. 10,000. The minimum amount to open NRO Fixed Deposit is Rs. 25,000 and for Add-on Fixed Deposit is Rs. 10,000.

What is the eligibility criteria to open an HDFC NRI FD Rates account?

The eligibility criteria to open an NRE or NRO Fixed Deposit with HDFC Bank is as follows: For NRE Fixed Deposit - NRE Fixed Deposit can be opened by an Individual NRI (other than persons of Bangladesh/Pakistan nationality/ownership). The account should be used to invest foreign income to earn high returns. For NRO Fixed Deposit - NRO Fixed Deposit can be opened by an Individual NRI (other than a resident in Nepal and Bhutan). The account should be maintained to invest local funds in India to earn high returns.

Can I open my HDFC NRI FD Rates without a PAN card?

Yes. However, if an applicant does not have a PAN card, he or she will have to fill up and submit Form 60.

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