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.)
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
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.
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.
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.
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.
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.
