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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.
Returns as high
as 7.5%*
Includes life cover
Completely Tax free+
as 7.5%*
Includes life cover
Completely Tax free+
Maximum returns Offered by
Guaranteed
Highest
7.5%*
Guaranteed Plan
(by insurance companies)
(10 Years)
6.5%**
Fixed Deposits
(by SBI bank)
(5-10 Years)
7.1%***
Public Provident Fund
(other popular options)
(15 Years)
We are rated~
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold
In-built life cover
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns+
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- FD Interest Rates
- HDFC NRI Fixed Deposits
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.
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).
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to
10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years
for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs
would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Investment Insurers
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Edelweiss Life Traditional Plans
Future Generali Traditional Plans
HDFC Life Traditional Plans
IDBI Federal Traditional Plans
IndiaFirst Traditional Plans
Kotak Life Traditional Plans
Max Life Traditional Plans
PNB MetLife Traditional Plans
Pramerica Life Traditional Plans
Reliance Life Traditional Plans
Sahara Life Traditional Plans
SBI Life Traditional Plans
Star Union Traditional Plans
Tata AIA Traditional Plans
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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