What is the NRE FD rate in HDFC?

The HDFC NRE FD rates vary from a minimum of 3% to a maximum of 6.85% per year depending on the deposit amount and tenor.

Which bank has the best NRE FD rates?

Most importantly, you must see if the FD rates offered by a particular bank align with your financial goals or not. Although HDFC Bank provides one of the highest interest rates on NRE FDs, besides this, ICICI Bank, Axis Bank, and Punjab National Bank provide good interest rates on NRE FDs.

Yes, interest earned on NRE FDs is tax-free.

Is NRE FD a good investment?

If you wish to get good and guaranteed returns on your NRE FD, it is the best investment option for NRI’s.

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HDFC Bank NRE FD Rates

HDFC Bank NRE FD rates range from 3% to 6.85%, making them a noteworthy option for your investments. The NRE plans offer competitive FD interest rates for 2025 across tenures ranging from 7 days to 10 years. HDFC NRE fixed deposits offer various features, including partial withdrawals, an overdraft facility, a joint-account facility, tax exemptions for NRIs, etc.

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What is an HDFC NRE Fixed Deposit?

The HDFC NRE FD is a financial product offered by the HDFC Bank under which the Non-Resident Indians (NRIs) can deposit a certain amount for a predetermined period of time within the bank through their Non-Resident External (NRE) account and earn interest on the same. The interest earned from the deposits is tax-free and completely repatriable.

HDFC Bank Interest Rates on Non-Resident External (NRE) FD Account Deposits

Withdrawable

The interest rates for HDFC Bank Withdrawable NRE fixed deposit accounts, on amounts less than ₹3 crore, are as follows:

Tenor Bucket	₹3 Crore
Interest Rate (per annum)
7 - 14 days	3.00%
15 - 29 days	3.00%
30 - 45 days	3.50%
46 - 60 days	4.50%
61 - 89 days	4.50%
90 days < = 6 months	4.50%
6 months 1 days < = 9 months	5.75%
9 months 1 day to < 1 year	6.00%
1 year to < 15 months	6.50%
15 months to < 18 months	6.85%
18 months to < 21 months	6.85%
21 months - 2 years	6.70%
2 Years 1 day to < 2 Year 11 Months	6.70%
2 Years 11 Months - 35 Months	6.70%
2 Years 11 Months 1 day < = 3 Year	6.70%
3 Years 1 day to < 4 Years 7 Months	6.65%
4 Year 7 Months - 55 months	6.65%
4 Year 7 Months 1 day < = 5 Years	6.65%
5 Years 1 day - 10 Years	6.40%

Note: These withdrawable NRE FD interest rates are effective from May 2025. The minimum tenor is 1 Year. The interest rates are subject to change.

The interest rates for HDFC Bank Withdrawable NRE fixed deposit accounts, on amounts from ₹3 crore to less than ₹5 crore, are as follows:

Tenor Bucket	>=3 Crore to < 5 Crores
Interest Rate (per annum)
7 - 14 days	4.50%
15 - 29 days	4.50%
30 - 45 days	5.50%
46 - 60 days	5.60%
61 - 89 days	5.85%
90 days <= 6 months	6.30%
6 months 1 day <=9mnths	6.45%
9 months 1 day to < 1 Year	6.55%
1 Year to < 15 months	6.70%
15 months to < 18 months	6.65%
18 months to < 21 months	6.65%
21 months to 2 years	6.65%
2 year 1 day to 3 years	6.60%
3 year 1 day to 5 years	6.60%
5 year 1 day to 10 years	6.55%

Note: These withdrawable NRE FD interest rates are effective from May 2025. The minimum tenor is 1 Year. The interest rates are subject to change.

The interest rates for HDFC Bank Withdrawable NRE fixed deposit accounts, on amounts from ₹5 crore to to greater than or equal to ₹1000 crore, are as follows:

Tenor	5crore<5.25 crore	>=5.25 crore <5.50 crore	>=5.50 crore <24.75 crore	>=24.75 crore to <25 crore	>= 25crore to >= 1000 crore
7 - 14 days	4.00%	4.00%	4.00%	4.00%	4.00%
15-29 days	4.00%	4.00%	4.00%	4.00%	4.00%
30-45 days	5.00%	4.00%	5.00%	4.00%	5.00%
46-60 days	5.10%	4.00%	5.10%	4.00%	5.10%
61-88 days	5.35%	4.00%	5.35%	4.00%	5.35%
89 days <= 120 Days	5.80%	4.00%	5.80%	4.00%	5.80%
121 days <= 150 days	5.80%	4.00%	5.80%	4.00%	5.80%
151 days <=6 Months	5.80%	4.00%	5.80%	4.00%	5.80%
6 months 1 day <=9months	6.05%	4.00%	6.05%	4.00%	6.05%
9 months 1 day to < 1 Year	6.15%	4.25%	6.15%	4.25%	6.15%
1 Year to < 15 months	6.30%	4.25%	6.30%	4.25%	6.30%
15 months to < 18 months	6.25%	4.25%	6.25%	4.25%	6.25%
18 months to < 21 months	6.25%	4.25%	6.25%	4.25%	6.25%
21 months to 2 years	6.25%	4.25%	6.25%	4.25%	6.25%
2 year 1 day to 3 years	6.20%	4.25%	6.20%	4.25%	6.20%
3 year 1 day to 5 years	6.20%	4.25%	6.20%	4.25%	6.20%
5 year 1 day to 10 years	6.15%	4.25%	6.15%	4.25%	6.15%

Note: These withdrawable NRE FD interest rates are effective from June 2025. The minimum tenor is 1 Year. The interest rates are subject to change.

Non-Withdrawable

The interest rates for HDFC Bank Non-Withdrawable NRE fixed deposit accounts, on amounts from ₹2 crore to greater than or equal to ₹1000 crore, are as follows:

Tenor	2 crore to < 5 crore	5crore to >= 1000 crore
Interest Rate (per annum)	Interest Rate (per annum)
89 days <= 120 Days	NA	5.95%
121 days <= 150 days	NA	5.95%
151 days <=6 Months	NA	5.95%
6 months 1 day <=9months	NA	6.20%
9 months 1 day to < 1 Year	NA	6.30%
1 Year to < 15 months	6.45%	6.45%
15 months to < 18 months	6.35%	6.35%
18 months to < 21 months	6.35%	6.35%
21 months to 2 years	6.35%	6.35%
2 year 1 day to 3 years	6.30%	6.30%
3 year 1 day to 5 years	6.30%	6.30%
5 year 1 day to 10 years	6.25%	6.25%

Note: These non-withdrawable NRE FD interest rates are effective from June 2025. The minimum tenor is 1 Year. The interest rates are subject to change.

Why Choose HDFC Bank NRE Fixed Deposits?

The HDFC NRE FD rates provide you with benefits, including:

Higher interest rates than a savings account.
Interest received on the deposits is non-taxable.
Availability of nomination facilities.
Wide range of deposit tenors, from 1 year to 10 years.
A joint account can be opened with any other Non-Resident Indian.
Facility of full repatriation of both the principal and earned interest, so the account holder can transfer their money completely any time they want.

What Are the Eligibility Criteria for an HDFC NRE FD Account?

The following conditions are to be fulfilled, and the documents are to be submitted, in order to open an HDFC NRE FD account:

The candidate must be a non-resident individual of Indian origin
One copy of a valid passport
A document to verify Indian and overseas addresses
Proof to establish PIO status (if applicable)
A passport-size photograph
A Form 60 or PAN card
Self-attested PIO declaration

How to Open an HDFC NRE FD Account?

To open an account to get good HDFC NRE FD rates, the following steps are to be followed:

Apply Online Through the HDFC Website:
- Go to the HDFC bank's website and search the NRI FD section.
- Click on 'Apply Now' and choose the type of FD you want.
- Fill out the online form. You might find an 'apply' button directly on the FD product page.
- Once the form is submitted, a bank representative will contact you.
- They will come to your location to collect the necessary documents and help you open your account.
Call Back Option:
- Call the bank's customer care number or enter your details to request a call back.
- A bank representative will guide you through the account opening process over the phone.
- Similar to the online application, they will arrange to collect your documents from your home.
- Your account will then be opened.
Offline Account Opening:
- Go to the bank's website and download the NRI FD application form.
- Fill out the printed form.
- Submit the filled form to your nearest bank branch.
- The bank will soon process your account opening.
- If you are outside India, you might be able to submit the forms at a partner branch of the bank in your country or drop them in a bank mailbox in your area.
Through Internet Banking (for existing customers):
- If you already have an NRE account with the bank, log in to their NetBanking website or Mobile Banking App.
- Look for the option to apply for an NRI FD online and follow the instructions.

Documents Required to Open HDFC NRE FD Account

To open the HDFC NRE FD account, the following documents are to be submitted by you for the bank to review before opening your NRE FD account:

Passport copies (key pages, self-signed).
Overseas work/residence proof (visa/permit).
Address proofs (India & overseas).

In Case of Applying Abroad:

The documents mentioned above are to be submitted, but also officially verified by a banker, notary, or embassy/consulate.

Funding Proof:

Evidence of how you will deposit money (e.g., remittance slip, cheque).

Conclusion

The HDFC Bank NRE FD rates offered for NRIs are much higher than the interest rates offered by savings accounts. These earnings are exempt from tax deductions. The HDFC NRE FD is one of the best ways to make a secure and guaranteed return on investment. With complete information on NRE FD interest rates, you can invest and grow your savings rapidly.

FAQs

What is the NRE FD rate in HDFC?

The HDFC NRE FD rates vary from a minimum of 3% to a maximum of 6.85% per year depending on the deposit amount and tenor.
Which bank has the best NRE FD rates?

Most importantly, you must see if the FD rates offered by a particular bank align with your financial goals or not. Although HDFC Bank provides one of the highest interest rates on NRE FDs, besides this, ICICI Bank, Axis Bank, and Punjab National Bank provide good interest rates on NRE FDs.
Is NRE FD tax-free?

Yes, interest earned on NRE FDs is tax-free.
Is NRE FD a good investment?

If you wish to get good and guaranteed returns on your NRE FD, it is the best investment option for NRI’s.

˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

*Past 10 Year annualised returns as on 01-11-2025
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
^Returns as on 10th Jan'25. 18% returns for Tata AIA Life Top 200 for the last 10 years.The past performance is not necessarily indicative of future performance. Source: Morningstar

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