Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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  • Fixed Deposit BYTES FROM OUR KITCHEN

    HDFC NRI Fixed Deposits: NRE / NRO / NRI / FCNR FD Rates

    HDFC Bank offers best Fixed Deposit (FD) rates in the industry on all Non-Resident Indian (NRI) FDs in India. The different options available are Non-Resident External (NRO), Non-Resident Ordinary (NRO) and Foreign Currency Non-Repatriable (FCNR) deposit accounts. Before applying for a HDFC FD, you can calculate how much you will earn by using the FD Calculator.

    HDFC Bank Fixed Interest for NRIs

    HDFC offers attractive NRI/NRO and FCNR fixed deposit schemes which can be availed by customers to suit their various financial requirements. For NRE deposits, depositors can avail higher interest rates than Libor, overdraft up to 90% of the deposit, tax exemption and can repatriate the deposit (principal and interest) at any point of time. The interest on NRO Fixed Deposit rates is subject to TDS. Customers can opt to encash only a part of the deposit (balance earns interest at the contracted rate), if required. Interest for NRO fixed deposits is paid once in three months. Under FCNR deposit scheme, customers can hold their deposit in any six currencies, namely, Japanese Yen, US Dollars, Euro, Pounds Sterling, Canadian Dollars and Australian Dollars. Customers can repatriate the principal and interest and avail tax exemption on the deposit as well.

    HDFC NRE/NRO FD Rates for short-term deposits

    Tenure Regular FD Interest Rate Senior Citizen FD Interest Rates
    7 days to 14 days 3.5% 4%
    15 days to 29 days 4.25% 4.75%
    30 days to 45 days 5.5% 6%
    46 days to 6 months 5.75% 6.25%
    Above 6 months to 9 months and 15 days 6% 6.5%
    9 months and 16 days to less than 1 year 6.25% 6.75%

    * Interest rates are subject to change from the first of every month. The RBI enforces the cap on NRE interest rates. HDFC NRE/NRO Fixed Deposits are held in Indian Rupees.

    HDFC NRE/NRO FD Rates for medium/long-term deposits

    Tenure Regular FD Interest Rate Senior Citizen FD Interest Rates
    1 year to 1 year 3 days 6.75% 7.25%
    1 year 4 days to 2 years 6.25% 6.75%
    Above 2 years to 10 years 6% 6.5%

    * Interest rates are subject to change from the first of every month. The RBI enforces the cap on NRE interest rates. HDFC NRE/NRO Fixed Deposits are held in Indian Rupees.

    Simple interest is payable on deposits for a tenure of 6 months. For deposits above 6 months (quarterly payout), interest is paid on a quarterly basis. For deposits, above 6 months (monthly payout), interest is paid on a monthly basis (calculated for the quarter) at a lower rate than the standard deposit rate. For deposits above 6 months (interest reinvestment option) interest is calculated on the final amount (cumulative interest for the quarter plus principal in next quarter). Upon premature withdrawal, the interest rate will be either the base rate for the contracted tenure of the deposit or base rate which is applicable for the period for which the deposit has been with HDFC, whichever is lower. However, no interest is paid if the deposit is withdrawn prematurely before a period of one year. There is no penalty upon premature closure of NRE fixed deposits.

    HDFC Bank FCNR Fixed Deposit Rates

    For FCNR fixed deposits, interest is calculated on a half-yearly basis. Every 6 months, interest for (re-investment) deposit is calculated. Also, the principal amount is increased to include interest of the preceding 6 months. The interest rates*applicable are listed in the table below:

    Period GBP % USD % Euro % JPY % AUD % CAD %
    1 Yr to < 2 Yrs 1.01% 2.21% 0.01% 0.01% 2.45% 1.88%
    2 Yrs to < 3 Yrs 0.01% 0.81% 0.01% 0.01% 1.08% 0.52%
    3 Yrs to < 4 Yrs 0.01% 0.88% 0.01% 0.01% 1.20% 0.60%
    4 Yrs to < 5 Yrs 0.01% 0.78% 0.01% 0.01% 1.15% 0.54%
    5 Yrs only 0.01% 0.69% 0.01% 0.01% 1.16% 0.47%

    *Interest rates applicable are subject to change from time to time

    No interest is paid if the deposit is withdrawn before a period of one year. Also, there is no penalty for premature closure. The interest rate for premature closure is the base rate for the contracted tenure of the deposit or base rate for the tenure for which the amount (deposit) has remained with HDFC.

    About the Bank

    Incorporated in 1994, HDFC Bank currently has around 4227 branches and 11,686 ATMs across the country. HDFC Bank began its operations as a Scheduled Commercial Bank in 1995. HDFC offers a wide range of products and services such as NRI services and premier banking services among others making it one of the leading banks in the country.

    News About HDFC Nri Fixed Deposit Rates

    • HDFC FCNR Rate Change

      HDFC recently changed the interest rates for FCNR deposits. Given below is a list of updated rates for HDFC FCNR deposits:

      For deposits for tenure of 1 to 2 years- 1.09% in GBP, 1.50% in USD and 2.09% in AUD.

      For deposits for tenure of 3 to 4 years-1.69% in GBP, 2.00% IN USD and 2.89% in AUD.

      For deposits of 5 years tenure- 1.82% in GBP, 2.23% in USD and 3.08% in AUD.

      1st July 2016

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