• HDFC NRE Fixed Deposit

    HDFC offers a wide range of Non-Resident External (NRE) accounts that come with different tenure options and competitive interest rates. These types of term deposits can be held by all Non-Resident Indians (NRIs) and people of Indian origin. It is easy to open an NRE Fixed Deposit account and can be completed online.

    Features and Benefits

    • All HDFC NRE Fixed Deposit accounts can be maintained in Indian currency and are fully repatriable, both on the principal and interest amount.
    • The minimum period for which one should hold an NRE account is 7 days, while the maximum period is 10 years.
    • Nominees can be added to the account.
    • Loans can be availed against the account.
    • You can open an account online.

    Interest Rates on NRE Fixed Deposits (Less than Rs.5 crore)

    Tenure Interest Rate
    7 days to 14 days 2.50%
    15 to 29 days 42.50%
    30 to 45 days 3.00%
    46 to 60 days 3.00%
    61 to 90 days 3.00%
    91 days to 6 months 3.50%
    6 months 1 day to 6 months 3 days 4.40%
    9 months 1 day to less than 1 year 4.40%
    1 year 4.90%
    1 year 1 day to 2 years 4.90%
    2 years 1 day to 3 years 5.15%
    3 years 1 day to 5 years 5.30%
    5 years 1 day to 10 years 5.50%

    *Please note that interest rates are subject to change without prior notice. This is at the discretion of the bank.

    FAQs on HDFC NRE Fixed Deposit

    1. What is an NRE Fixed Deposit account?

      An NRE Fixed Deposit account is just like any other term deposit account. The only difference is that this is specifically for NRIs or those of INdian origin.

    2. Is it possible to transfer funds from an NRO or FCNR account to an NRE account?

      No. This will not be possible.

    3. What are the tax charges that have to be paid for NRE accounts?

      All NRE accounts are exempt from tax as per the rules in India.

    4. Is it possible to hold a joint NRE Fixed Deposit account?

      Yes, an NRE Fixed Deposit account can be held jointly with another NRI.

    5. What are the interest rates provided on NRE Fixed Deposit accounts?

      The interest rates offered will change from time to time, usually on a monthly basis. For more details on current interest rates, please refer to the HDFC website.

    6. What is the currency denomination for NRE accounts?

      NRE accounts can be maintained in Indian currency.

    7. How is interest paid to the account holder?

      The interest earned these this type of term deposit is paid on a quarterly basis.

    8. Is it allowed to withdraw the deposit amount before the maturity period?

      All customers can withdraw the deposit amount subject to terms and conditions of the bank.

    9. Are loans provided on NRE Fixed Deposit?

      Yes. Both loans and overdraft facility can be availed by all customers. The loan amount can be used to start a new business or to meet other personal financial needs. The loan cannot be used to fund any kind of plantation, agricultural or real estate business activities.

    10. Is there an auto renewal facility?

      Yes. All NRE deposits will be automatically renewed unless otherwise mentioned.

    11. Will a debit card or cheque book be issued for an NRE fixed deposit account?

      There will be no cheque books or debit cards issued on these term deposits.

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    Fixed deposit Reviews

    • HDFC Bank
      "Safe and Secure"
      0.5 5.0/5 "Blown Away!"
      I have purchased HDFC Fixed deposit which I am renewing for every 13 months. They have given me an interest rate of 7% and There is no processing fee and there is no locking period as well. If I'm withdrawing FD amount before locking period, they are charging some amount.
      Was this review helpful? 35
      , ahmedabad
      Reviewed on Mar 01, 2020
    • HDFC Bank
      HDFC Bank
      "FD is not good with HDFC"
      0.5 4.0/5 "Great!"
      I have invested some money as a Fixed deposit in HDFC Bank and the interest rate is not that much great because they are giving interest as compared to others. I have invested the money of Rs. 3L and there is a locking period of 5 years. Its 7% interest rate. If they are increasing the interest rate, it would be fine. Since I do all my transactions with this bank, I have selected same for my FD as well.
      Was this review helpful? 21
      , bangalore
      Reviewed on Jan 31, 2020
    • HDFC Bank
      "Good one"
      0.5 4.0/5 "Great!"
      Its easy accessible and to redeem so that i have invested the money in Fixed Deposit with HDFC BANK. I have invested the money of Rs. 2.5 lakhs and they have provided me a interest rate of 7.5%. There is no locking period. I didn't got any additional charges till now.
      Was this review helpful? 27
      , hyderabad
      Reviewed on Nov 12, 2019
    • HDFC Bank
      "Good to go with HDFC"
      0.5 5.0/5 "Blown Away!"
      I have one FD with HDFC, I deposited Rs. 1 lakh, I was opt for 45 days of tenure. Finally I got 6.25% of interest for 45 days. It won't cover the tax, if we need tax benefits we should go for five years term. I can track the details through netbanking, on the maturity date the amount credits automatically in the account. Even the notification can customized.
      Was this review helpful? 27
      , bangalore
      Reviewed on Aug 27, 2019
    • HDFC Bank
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the savings account with HDFC BANK since from last 5 years, the reason for taking the fixed deposit was they are giving good rate of interest. The application is easy to use with the bank and to check the status of the account.
      Was this review helpful? 15
      , hyderabad
      Reviewed on Jul 20, 2019
    • HDFC Bank
      "GOOD"
      0.5 4.0/5 "Great!"
      To open the account with HDFC BANK is good and simple which is easy also quick process. They are providing with the good rate of interest with the bank. The online banking i am using it is simple and easy also it is good to use. The overall service is good.
      Was this review helpful? 8
      , kolkata
      Reviewed on Jul 17, 2019
    • HDFC Bank
      "Its satisfactory"
      0.5 4.0/5 "Great!"
      HDFC fixed deposit interest rate is very competitive as like other banks. I have activated the tenure period of one year. The online banking is convenient to manage my all investment, I can access all the information through netbanking without visiting to the bank.
      Was this review helpful? 13
      , bangalore
      Reviewed on Jun 30, 2019
    • HDFC Bank
      "Userfriendly Experience"
      0.5 4.0/5 "Great!"
      HDFC Bank FD is providing 7% of interest per annum, I can invest maximum of Rs.1.5 lakhs for under tax coverage. The tenure period get extend automatically after the maturity, for the tax saving FD there is five years of limit . I can deposit and withdraw the liquidity through online.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jun 29, 2019
    • HDFC Bank
      "Good"
      0.5 4.0/5 "Great!"
      I done a Fixed Deposit account with HDFC BANK before 2 years and the rate of interest was good. I have withdrawn the money and its neither loss or nor profit. My money is safer and return is very low. There was no locking period and the executive is supportive.
      Was this review helpful? 7
      , mumbai
      Reviewed on May 30, 2019
    • HDFC Bank
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I had fixed deposit in HDFC for the amount of Rs.10,000 then I withdrawn in two months I got some interest. I went to the bank for account opening within few minutes they helped to open the account. There is no charges for pre matured liquidity fund.
      Was this review helpful? 8
      , hyderabad
      Reviewed on May 25, 2019
    • HDFC Bank
      "Good Returns from HDFC"
      0.5 4.0/5 "Great!"
      As per the guidance , I taken a Fixed Deposit in HDFC . This is one year plan and worth enough to take this plan in HDFC comparing with the interest rate . I am really happy with the better returns for my FD . I thought of continuing after one year also .
      Was this review helpful? 9
      , hyderabad
      Reviewed on May 13, 2019
    • HDFC Bank
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I am using HDFC Bank Fixed Deposit for the past 6 years ,using net banking is also good ,customer service is good .flexy deposit ,whenever required can take the amount and can deposit it later .There was no issues faced so far .The Banking service is good to me so far.I am satisifed with the banking service.
      Was this review helpful? 9
      , chennai
      Reviewed on May 13, 2019
    • HDFC Bank
      "Very much convenient"
      0.5 5.0/5 "Blown Away!"
      My all time favorite is Fixed Deposit which is secured and I can count the returns on evey month which am most comfortable. My family all have them are having in HDFC account, the manager is very friendly and rendering the service. Am doing investment since 2011 and their services are more good than the profit.
      Was this review helpful? 6
      , hyderabad
      Reviewed on May 12, 2019
    • HDFC Bank
      "Userfriendly FD experience"
      0.5 4.0/5 "Great!"
      I do have fixed deposit with HDFC, I opened it through online there is no locking period, while opening I have specified the maturity date. Minimum deposit start from Rs. 5000, they are providing 7.3% per annum. Its safe and secured to invest money with HDFC.
      Was this review helpful? 5
      , bangalore
      Reviewed on May 03, 2019
    • HDFC Bank
      "Flexible Fixed deposit"
      0.5 5.0/5 "Blown Away!"
      HDFC Is more convenient to open and close the FD through online, they give better interest as per the RBI around 6.8%. The online portal is easy to track the fixed deposit details, the help desk is good to handle the queries. I am very much happy with HDFC. I can take the tenure from three months to max tenure.
      Was this review helpful? 3
      , delhi
      Reviewed on Apr 29, 2019
    • HDFC Bank
      "Satisfied with the service"
      0.5 5.0/5 "Blown Away!"
      I have a fixed deposit account with HDFC Bank and the banking process is good. I could open this account online and the account has been beneficial too. I earn a good interest. I can also close this account without having to go in person to the bank. It can be done online too.
      Was this review helpful? 3
      , bangalore
      Reviewed on Apr 26, 2019
    • HDFC Bank
      "Good Service I am getting"
      0.5 3.5/5 "Pretty good"
      I normal deposit a cash of either 10 or 15 k in my fixed deposit because I don't have much surplus cash . Nowadays just for the name sake depositing my money in FD . Though they provide very less returns but the guarantee of getting the money back is sure .
      Was this review helpful? 4
      , hyderabad
      Reviewed on Apr 23, 2019
    • HDFC Bank
      "Excellent services"
      0.5 4.5/5 "Excellent!"
      The best bank for a fixed deposit is HDFC Bank. The customer support is good and they are responsive as well. They offer an interest like other bank on my savings. The best is there is no lock in period so I close this account when ever I want too and I can do it with just a click away online. Where as other banks they would ask me to go to the home branch.
      Was this review helpful? 7
      , new delhi
      Reviewed on Apr 16, 2019
    • HDFC Bank
      "Its Good"
      0.5 4.0/5 "Great!"
      I went to the bank for the FD process, the service was good they helped to open the account on the same day. I took the fixed deposit for the period of three years and I deposited Rs. 1 lakh, I would get the amount of Rs. 1.35 lakh. I do have HDFC online access .
      Was this review helpful? 6
      , hyderabad
      Reviewed on Apr 03, 2019
    • HDFC Bank
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      I have a fixed deposit account with HDFC Bank and the banking process is good. I could open this account online and the account has been beneficial too. I earn a good interest. I can also close this account without having to go in person to the bank. It can be done online too.
      Was this review helpful? 9
      , bangalore
      Reviewed on Mar 29, 2019
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