How often is interest compounded on an FCNR deposit?

FCNR deposits accrue interest on a half-yearly basis, normally after 180 days. Interest earned every six months is added to the principal and earns interest in the next compounding period under the reinvestment option until maturity. With compounding, investors can benefit more from their investments.

What Is the Highest HDFC Bank FCNR FD Interest Rate?

HDFC Bank raises FCNR FD rates to 3.35% p.a. The applicable FCNR rates will vary depending on the foreign currency and tenure of the deposit chosen. NRIs are advised to check the latest HDFC FCNR rates card and other FCNR FD rates of different banks before making any deposit.

What Is the Minimum Tenure for an HDFC FCNR Deposit?

HDFC FCNR deposits should have a minimum tenure of 1 year. Eligible customers can open FCNR(B) deposits for a minimum period of 1 year and a maximum period of 5 years. The interest rate depends on the foreign currency and the length of the deposit.

Can I transfer money from my NRE account to an HDFC FCNR account?

Yes, you can transfer funds from an NRE Account to an HDFC FCNR Account. This can be done either online through the HDFC Bank Internet Banking or by visiting the branch personally. You might have to add an FCNR account as a beneficiary and do the paperwork then.

Can I check the current rates before booking?

Check the latest FCNR deposit rates before booking the FD. HDFC Bank changes rates from time to time depending on the currency and tenure you are looking at. So what was applicable last month may not be so today. A quick check of the current HDFC Bank FD rate card before opening or renewing your deposit helps you to make a better decision.

How Are Existing GBP, EUR and JPY FCNR Deposits Auto-Renewed?

For existing FCNR deposits in GBP, EUR and JPY that are maturing from 1 year 1 day to 5 years, the renewals will be auto-renewed with a 1-year tenor by default. This is for eligible deposits that are due for renewal.

Are FCNR FD rates the same as regular FD rates?

No. FCNR FD rates are different from normal FD rates. The rate for FCNR deposits differs depending on the foreign currency and the tenure chosen. Regular FD rates, however, often vary according to the term and the type of consumer. The two types of deposit also have different restrictions and features.

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HDFC Bank FCNR Rates

HDFC Bank FCNR FD rates go up to 3.35% p.a. on USD for eligible deposits, effective from October 1, 2026. The rate varies as per currency and tenure. HDFC FCNR(B) deposits are available in USD, GBP, EUR, AUD, CAD and JPY for a tenure of 1 year to 5 years.

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HDFC Bank FCNR(B) Deposit Interest Rates

The highest HDFC FCNR(B) deposit rates are offered in USD up to 3.35% on 1 year to less than 2 years tenure, effective from 01st October 2026:

Tenure	GBP	USD	EURO	JPY	AUD	CAD	SGD
1 Year- less than 2 years	3.00%	3.35%	1.50%	0.01%	3.45%	1.35%	0.25%
2 years - less than 3 years	3.00%	3.35%	1.45%	N/A	3.30%	1.50%	0.40%
3 years to less than 4 years	3.00%	3.35%	1.40%	N/A	3.30%	1.60%	0.60%
4 years to less than 5 years	3.00%	3.10%	1.35%	N/A	3.25%	1.55%	0.75%
5 years only	3.00%	3.10%	1.35%	N/A	3.25%	1.55%	0.75%

*HDFC Bank FCNR Fixed Deposit Rates w.e.f. October 1, 2026

How Are HDFC Bank FCNR FD Rates Decided?

The rate you get usually depends on two factors: the currency you choose and how long you lock the deposit in for. Each currency, whether USD, GBP, EUR or another, has its own rate card, and rates also differ across tenures within the same currency. Interest is calculated half-yearly, and the rate applied is the same as applicable at the time of opening an FCNR FD.

HDFC Bank FCNR Deposit Features

HDFC Bank FCNR deposits give NRIs the flexibility to choose both the currency and the tenure that suit their needs. Here's what the deposit offers:

Choice of currencies: HDFC FCNR Account holders can open an FCNR FD in up to seven major currencies, including the US Dollar, Pound Sterling, Euro, Japanese Yen, Australian Dollar, Canadian Dollar and Singapore Dollar. This lets depositors match the deposit currency to where they plan to use the funds later.
Deposit insurance: FCNR deposits are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC) for up to ₹5 lakh (principal plus interest) per depositor.
Eligibility: Any Non-Resident Indian or Person of Indian Origin can open an FCNR deposit, and it can also be held jointly with other NRIs.
Premature Withdrawal: If the FCNR deposit is withdrawn before completing one year, no interest is payable, and no premature withdrawal penalty is charged.
Tenure: The deposit tenure goes anywhere from 1 year to 5 years, depending on when you expect to need the funds.
Full repatriation: Both your principal and the interest earned can be sent abroad freely, subject to the usual regulatory conditions.

HDFC Bank FD Calculator

The HDFC Bank FD Calculator lets you estimate your fixed deposit returns before you invest. Simply enter your principal amount, tenure and start date, and the calculator auto-populates the applicable interest rate to show your maturity amount and interest earned. It also lets you check the senior citizen rate and compare different payout options, monthly, quarterly or cumulative, so you can plan your investment with clarity before booking your fixed deposit.

FAQs

How often is interest compounded on an FCNR deposit?

FCNR deposits accrue interest on a half-yearly basis, normally after 180 days. Interest earned every six months is added to the principal and earns interest in the next compounding period under the reinvestment option until maturity. With compounding, investors can benefit more from their investments.
What Is the Highest HDFC Bank FCNR FD Interest Rate?

HDFC Bank raises FCNR FD rates to 3.35% p.a. The applicable FCNR rates will vary depending on the foreign currency and tenure of the deposit chosen. NRIs are advised to check the latest HDFC FCNR rates card and other FCNR FD rates of different banks before making any deposit.
What Is the Minimum Tenure for an HDFC FCNR Deposit?

HDFC FCNR deposits should have a minimum tenure of 1 year. Eligible customers can open FCNR(B) deposits for a minimum period of 1 year and a maximum period of 5 years. The interest rate depends on the foreign currency and the length of the deposit.
Can I transfer money from my NRE account to an HDFC FCNR account?

Yes, you can transfer funds from an NRE Account to an HDFC FCNR Account. This can be done either online through the HDFC Bank Internet Banking or by visiting the branch personally. You might have to add an FCNR account as a beneficiary and do the paperwork then.
Can I check the current rates before booking?

Check the latest FCNR deposit rates before booking the FD. HDFC Bank changes rates from time to time depending on the currency and tenure you are looking at. So what was applicable last month may not be so today. A quick check of the current HDFC Bank FD rate card before opening or renewing your deposit helps you to make a better decision.
How Are Existing GBP, EUR and JPY FCNR Deposits Auto-Renewed?

For existing FCNR deposits in GBP, EUR and JPY that are maturing from 1 year 1 day to 5 years, the renewals will be auto-renewed with a 1-year tenor by default. This is for eligible deposits that are due for renewal.
Are FCNR FD rates the same as regular FD rates?

No. FCNR FD rates are different from normal FD rates. The rate for FCNR deposits differs depending on the foreign currency and the tenure chosen. Regular FD rates, however, often vary according to the term and the type of consumer. The two types of deposit also have different restrictions and features.

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