HDFC NRI Fixed Deposits

Non Resident Indians (NRIs) can easily invest their money in India through various investment options which have low to high-risk involvement. Fixed Deposits, also known as Term Deposits, is considered one of the safest options for NRIs willing to take lower risks with decent returns. HDFC Bank, a reputed private bank, offers HDFC NRI Fixed Deposits to all their NRI customers. The FD rates range from 3.5% to 6.5% depending upon the tenure and the investment amount.

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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	General Citizens	Senior Citizens
7 - 14 days	3.00%	3.50%
15 - 29 days	3.00%	3.50%
30 - 45 days	3.50%	4.00%
46 - 60 days	4.00%	4.50%
61 - 89 days	4.50%	5.00%
90 days < = 6 months	4.50%	5.00%
6 months 1 days to 9 months	5.25%	5.75%
9 months 1 day to 1 Year	5.50%	6.00%
1 Year to 15 months	6.10%	6.60%
15 months to < 18 months	6.15%	6.65%
18months to < 21months	6.15%	6.65%
21 months to 2 years	6.15%	6.65%
2 years 1 day - 3 years	6.25%	6.75%
3 Year 1day to 5 years	6.25%	6.75%
5 Year 1 day to 10 years	6.20%	6.95%

Rates are effective as on 26th October 2022.

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.

HDFC NRO FD Rates for Less Than 2 Crores

Tenure	General Citizens	Senior Citizens
7 - 14 days	3.00%	3.50%
15 - 29 days	3.00%	3.50%
30 - 45 days	3.50%	4.00%
46 - 60 days	4.00%	4.50%
61 - 89 days	4.50%	5.00%
90 days < = 6 months	4.50%	5.00%
6 months 1 days to 9 months	5.25%	5.75%
9 months 1 day to 1 Year	5.50%	6.00%
1 Year to 15 months	6.10%	6.60%
15 months to < 18 months	6.15%	6.65%
18months to < 21months	6.15%	6.65%
21 months to 2 years	6.15%	6.65%
2 years 1 day - 3 years	6.25%	6.75%
3 Year 1day to 5 years	6.25%	6.75%
5 Year 1 day to 10 years	6.20%	6.95%

Rates are effective as on 26th October 2022.

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.

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

Tenure	GBP	USD	Euro	JPY	AUD	CAD
1 Year	3.50%	4.75%	1.55%	0.01%	3.15%	3.40%
1 year 1 day to less than 2 years	-	4.75%	-	-	3.15%	3.40%
2 years to less than 3 Years	-	4.60%	-	-	3.90%	3.75%
3 years to less than 4 Years	-	4.40%	-	-	4.00%	3.60%
4 years to less than 5 Years	-	4.00%	-	-	4.00%	3.35%
5 years only	-	3.80%	-	-	4.00%	3.20%

Rates are effective as of 1st November 2022.

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

Tenure	General Citizens	Senior Citizens
7 - 14 days	3.75%	4.25%
15 - 29 days	3.75%	4.25%
30 - 45 days	4.75%	5.25%
46 - 60 days	5.00%	5.50%
61 - 89 days	5.25%	5.75%
90 days <= 6 months	5.50%	6.00%
6 months 1 day to 9 months	5.75%	6.25%
9 months 1 day to 1 Year	6.00%	6.50%
1 Year to < 15 months	6.50%	7.00%
15 months to < 18 months	6.50%	7.00%
18 months to < 21 months	6.50%	7.00%
21 months to 2 years	6.50%	7.00%
2 year 1 day to 3 years	6.50%	7.00%
3 year 1 day to 5 years	6.25%	6.75%
5 year 1 day to 10 years	6.25%	7.00%

Rates are effective as on 11th October 2022.

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

Tenure	General Citizens	Senior Citizens
7 - 14 days	3.75%	4.25%
15 - 29 days	3.75%	4.25%
30 - 45 days	4.75%	5.25%
46 - 60 days	5.00%	5.50%
61 - 89 days	5.25%	5.75%
90 days <= 6 months	5.50%	6.00%
6 months 1 day to 9 months	5.75%	6.25%
9 months 1 day to 1 Year	6.00%	6.50%
1 Year to < 15 months	6.50%	7.00%
15 months to < 18 months	6.50%	7.00%
18 months to < 21 months	6.50%	7.00%
21 months to 2 years	6.50%	7.00%
2 year 1 day to 3 years	6.50%	7.00%
3 year 1 day to 5 years	6.25%	6.75%
5 year 1 day to 10 years	6.25%	7.00%

Rates are effective as on 25th August 2022.

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).