HDFC Bank FCNR Interest Rates
FCNR deposit rates are a critical factor for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) looking to invest their foreign earnings in India. The below table shows you the FCNR Rates offered by HDFC Bank in 2026.
| Period |
GBP |
USD |
EURO |
JPY |
AUD |
CAD |
SGD |
Effective Date |
|
|
<1 lakh |
>= 1 lakh to < 5 lakh |
>= 5 lakh to < 1 mio |
>= 1 mio to < 20 mio |
>= 20 mio to < 100 mio |
>= 100 mio |
|
| 1 Year- less than 2 years |
3.60% |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
3.50% |
1.80% |
0.25% |
3.95% |
2.25% |
1.30% |
January 1, 2026 |
| 2 years - less than 3 years |
N/A |
3.30% |
3.30% |
3.30% |
3.30% |
3.30% |
3.30% |
N/A |
N/A |
4.00% |
2.30% |
N/A |
January 1, 2026 |
| 3 year to less than 4 years |
N/A |
3.30% |
3.30% |
3.30% |
3.30% |
3.30% |
3.30% |
N/A |
N/A |
4.10% |
2.30% |
N/A |
January 1, 2026 |
| 4 years to less than 5 years |
N/A |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
N/A |
N/A |
4.05% |
2.30% |
N/A |
January 1, 2026 |
| 5 years only |
N/A |
2.85% |
2.85% |
2.85% |
2.85% |
2.85% |
2.85% |
N/A |
N/A |
3.85% |
2.15% |
N/A |
January 1, 2026 |
*HDFC Bank FCNR Interest Rates as of January 2026
Key Features of HDFC FCNR Rates
Here are the rules governing HDFC Bank FCNR rates and premature withdrawal deposits:
-
Interest Compounding:
Interest is compounded and typically paid out every 180 days that is half-yearly.
-
Minimum Interest Period:
No interest is paid whatsoever if the deposit is withdrawn before completing one year.
-
Interest Calculation (After 1 Year):
If withdrawn after one year, the interest is calculated at the rate applicable for the actual period the deposit has run (whichever is lower: the contracted rate or the rate for the reduced tenure).
-
Penalty Waiver:
There is no financial penalty levied for premature closure of the FCNR Fixed Deposit.
Conclusion
The HDFC Bank FCNR Deposit is an attractive fixed-term option from 1 to 5 years for NRIs, offering the significant tax- free benefit in India. Key features include half-yearly interest compounding and a favorable premature withdrawal policy: no penalty is charged for closing the deposit, provided the mandatory one-year period is completed. The deposit provides a secure, fully repatriable avenue for foreign currency savings with interest rate up to 4.10% p.a.
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