HDFC NRI Fixed Deposits

HDFC Bank, a reputed private bank, offers HDFC NRI Fixed Deposits to all their NRI customers. The FD rates range from 3.0% to 7.75% depending upon the tenure and the investment amount.

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  • Save upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

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We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

HDFC Bank offers the following HDFC NRI FD Rates Schemes for their customers:

  • HDFC NRE FD Rates Scheme

  • HDFC NRO FD Rates Scheme

  • HDFC FCNR Rates Scheme

Difference Between NRE, NRO, and FCNR (B) Accounts

It is important to know the difference between the 3 NRI FD account types before depositing the money:

Particulars NRE Account NRO Account FCNR-B Account
Account Purpose Income earned in a foreign country is deposited in an NRE account. Income earned in India by NRIs is deposited in an NRO account. Income earned in foreign currency is deposited in FCNR (B) account.
Account Type Savings account, Recurring, or Current Savings account, Recurring, or Current Fixed Deposit accounts with a 1-year minimum tenure
Currency denomination INR INR AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, USD
Joint holding facility It can be held with other NRI. It can be held with other Indian residents or NRI. It can be held with other NRI.
Repatriation Facility Balance is fully repatriable. Interest earned is fully repatriated. Interest earned, and principal amount are fully repatriable.
Taxability Tax is exempted on the interest income. Interest income is taxable. Tax is exempted on the interest income.

HDFC Bank NRE FD Rates for Less Than 2 Crores

HDFC NRE FD Rates are not applicable for NRI senior citizens and are exclusive only to Senior Citizens residing in India. Also, the minimum tenure for the NRE deposit interest rates is 1 year.

Tenure Interest Rate (per annum) Senior Citizen Rates (per annum)
7 - 14 days 3.00% 3.50%
15 - 29 days 3.00% 3.50%
30 - 45 days 3.50% 4.00%
46 - 60 days 4.50% 5.00%
61 - 89 days 4.50% 5.00%
90 days < = 6 months 4.50% 5.00%
6 months 1 days <= 9 months 5.75% 6.25%
9 months 1 day to < 1 year 6.00% 6.50%
1 year to < 15 months 6.60% 7.10%
15 months to < 18 months 7.10% 7.60%
18 months to < 21 months 7.00% 7.50%
21 months - 2 years 7.00% 7.50%
2 years 1 day - 3 years 7.00% 7.50%
3 year 1 day to - 5 years 7.00% 7.50%
5 year 1 day - 10 years 7.00% 7.75%

Rates are effective as on 4th April 2023.

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HDFC NRO FD Rates for Less Than 2 Crores

Tenure Interest Rate (per annum) Senior Citizen Rates (per annum)
7 - 14 days 3.00% 3.50%
15 - 29 days 3.00% 3.50%
30 - 45 days 3.50% 4.00%
46 - 60 days 4.50% 5.00%
61 - 89 days 4.50% 5.00%
90 days < = 6 months 4.50% 5.00%
6 months 1 days <= 9 months 5.75% 6.25%
9 months 1 day to < 1 year 6.00% 6.50%
1 year to < 15 months 6.60% 7.10%
15 months to < 18 months 7.10% 7.60%
18 months to < 21 months 7.00% 7.50%
21 months - 2 years 7.00% 7.50%
2 years 1 day - 3 years 7.00% 7.50%
3 year 1 day to - 5 years 7.00% 7.50%
5 year 1 day - 10 years 7.00% 7.75%

Rates are effective as on 4th April 2023.

Want to Earn Better Returns Than FDs?

Max Life has come up with an all-new "Max Life Smart Fixed-Return Digital Plan" that provides a combination of higher fixed returns, life coverage, and tax savings, making it a preferred choice for investors looking for guaranteed fixed returns.

Why Smart Fixed Return Digital Plan?

Details Guaranteed Savings Fixed Deposits
Tax savings on premiums paid
(Under Sec 80 C up to Rs. 1.5 lakh per annum)
Yes Only on the Invested amount with 5-year lock-in 80C
Tax Saving on returns (Sec 10(10D)) Yes No
Life cover (Death Benefit) Yes No
Option to invest monthly Yes No
Interest Rate Guarantee Yes Every new investment may have a different interest rate.
Option to invest through Credit Card Yes No

HDFC FCNR Rates

Period GBP USD EURO JPY AUD CAD
1 Year 4.25% 5.10% 2.95% 0.01% 3.45% 4.05%
1 year 1 day - less than 2 years - 5.10% - - 3.45% 4.05%
2 years - less than 3 years - 4.55% - - 3.75% 4.00%
3 year to less than 4 years - 4.20% - - 3.70% 3.70%
4 years to less than 5 years - 3.85% - - 3.75% 3.45%
5 years only - 3.70% - - 3.85% 3.35%

Rates are effective as of 4th April 2023.

HDFC NRE FD Rates for Deposits Above 2 Crores but Less Than 5 Crores

Tenure Interest Rate (per annum) Senior Citizen Rates (per annum)
7 - 14 days 4.75% 5.25%
15 - 29 days 4.75% 5.25%
30 - 45 days 5.50% 6.00%
46 - 60 days 5.75% 6.25%
61 - 89 days 6.00% 6.50%
90 days <= 6 months 6.50% 7.00%
6 months 1 day <=9 months 6.65% 7.15%
9 months 1 day to < 1 Year 6.75% 7.25%
1 Year to < 15 months 7.25% 7.75%
15 months to < 18 months 7.15% 7.65%
18 months to < 21 months 7.15% 7.65%
21 months to 2 years 7.15% 7.65%
2 year 1 day to 3 years 7.00% 7.50%
3 year 1 day to 5 years 7.00% 7.50%
5 year 1 day to 10 years 7.00% 7.75%

Rates are effective as on 4th April 2023.

HDFC NRO FD Rates for Deposits Above 2 Crores but Less Than 5 Crores

Tenure Interest Rate (per annum) Senior Citizen Rates (per annum)
7 - 14 days 4.75% 5.25%
15 - 29 days 4.75% 5.25%
30 - 45 days 5.50% 6.00%
46 - 60 days 5.75% 6.25%
61 - 89 days 6.00% 6.50%
90 days <= 6 months 6.50% 7.00%
6 months 1 day <=9 months 6.65% 7.15%
9 months 1 day to < 1 Year 6.75% 7.25%
1 Year to < 15 months 7.25% 7.75%
15 months to < 18 months 7.15% 7.65%
18 months to < 21 months 7.15% 7.65%
21 months to 2 years 7.15% 7.65%
2 year 1 day to 3 years 7.00% 7.50%
3 year 1 day to 5 years 7.00% 7.50%
5 year 1 day to 10 years 7.00% 7.75%

Rates are effective as on 4th April 2023.

In the End!

All the 3 SBI NRI Interest Rate accounts, that is, Non-Resident External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR), allow the NRIs to deposit their income efficiently and hassle-free in India. These accounts are completely safe for saving income and earning decent returns on the invested amount. The type of account should be chosen wisely that best suits the depositor’s needs (type of account will also be dependent on the account held by the customer).

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

highest guaranteed return
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

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