Latest HDFC FCNR Interest Rates
The 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 table below shows you the HDFC Bank FCNR interest rates:
| Period |
GBP |
USD |
EURO |
JPY |
AUD |
CAD |
SGD |
Effective Date |
| 1 Year- less than 2 years |
3.95% |
3.95% |
2.30% |
0.75% |
4.05% |
2.30% |
1.05% |
June 1, 2026 |
| 2 years - less than 3 years |
N/A |
3.60% |
N/A |
N/A |
4.00% |
2.10% |
N/A |
June 1, 2026 |
| 3 year to less than 4 years |
N/A |
6.00% |
N/A |
N/A |
4.25% |
2.50% |
N/A |
June 10, 2026 |
| 4 years to less than 5 years |
N/A |
6.00% |
N/A |
N/A |
4.10% |
2.40% |
N/A |
June 10, 2026 |
| 5 years only |
N/A |
6.00% |
N/A |
N/A |
4.10% |
2.40% |
N/A |
June 10, 2026 |
*HDFC Bank FCNR Interest Rates as of June 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, which 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No interest is paid whatsoever if the deposit is withdrawn before completing one year.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If withdrawn after one year, the interest is calculated at the rate applicable for the actual period the deposit has run (whichever is lower: the contracted rate or the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 a significant tax- free benefit in India. Key features include half-yearly interest compounding and a favourable 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 an interest rate up to 6.00% p.a.
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