HDFC Bank NRE FD Rates

HDFC Bank Limited is the largest bank in the private banking sector that provides various investing and saving options for its customers to be benefited financially. The Fixed Deposit service is also included in that option. HDFC Bank provides opportunities for both Residential Indians and NRIs to invest in the fixed deposit.

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What Is Meant by An FD?

FD is a service related to investment provided by banking institutions to the customers for some time. The customer will receive interest based on the amount deposited and the fixed term selected with the scheme. The fixed period is called maturity, and the deposit does not have an option to withdraw upon this maturity's incompletion. Some banks provide an option for their customers to withdraw the amount for emergency purposes, and they will be fined a penalty amount. 

A Fixed Deposit can earn more interest rates than a regular savings account. Here is some vital information that the depositor needs to keep in mind about the HDFC Bank NRE FD rates and invest in them. 

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Rates Associated with the FD Types

Here is a rundown of the rates associated with the types of FD:

  1. Non-Resident External/ Non-Resident Ordinary Fixed Deposit

    The HDFC Bank NRE Fixed Deposit rates for an amount less than Rs.2 Crore are:

    Domestic / NRE Term Deposit Rates (Below Rs. 2 Crores)

    Rates with effect from 6th April 2022:

    Tenure General Citizens Senior Citizens
    7 to 14 days 2.50% 3.00%
    15 to 29 days 2.50% 3.00%
    30 to 45 days 3.00% 3.50%
    46 to 60 days 3.00% 3.50%
    61 to 90 days 3.00% 3.50%
    91 days to 6 months 3.50% 4.00%
    6 months 1 days to 9 months 4.40% 4.90%
    9 months 1 day to 1 Year 4.40% 4.90%
    1 Year 5.10% 5.60%
    1 year 1 day to 2 years 5.10% 5.60%
    2 years 1 day to 3 years 5.20% 5.70%
    3 years 1 day to 5 years 5.45% 5.95%
    5 years 1 day to 10 years 5.60% 6.35%

    *The bank FD rates are subject to change. Please check with the bank for the latest rates.

    Guaranteed Return Investment Plan Guaranteed Return Investment Plan

    The HDFC Bank NRE/NRO FD rates for an amount above Rs.2 Crore to less than Rs.5 Crore are:

    Domestic / NRE Term Deposit Rates (Above Rs. 2 Crores but less than Rs. 5 Crores)

    Rates with effect from 6th April 2022:

    Tenure General Citizens Senior Citizens
    7 to 14 days 2.50% 3.00%
    15 to 29 days 2.50% 3.00%
    30 to 45 days 2.75% 3.25%
    46 to 60 days 2.75% 3.25%
    61 to 90 days 3.00% 3.50%
    91 days to 6 months 3.35% 3.85%
    6 mnths 1 days to 9 mnths 3.60% 4.10%
    9 months 1 day to 1 Year 3.70% 4.20%
    1 Year 4.05% 4.55%
    1 year 1 day to 2 years 4.20% 4.70%
    2 years 1 day to 3 years 4.50% 5.00%
    3 years 1 day to 5 years 4.60% 5.10%
    5 years 1 day to 10 years 4.60% 5.35%

    *The bank FD rates are subject to change. Please check with the bank for the latest rates.

    The HDFC Bank NRE FD rates for an amount above 5 Crore to less than 5.25 Crore are:

    NRE/ NRO Fixed Deposits =Rs.5 Cr < Rs.5.25 Cr Applicable from 12/01/2022

    Tenure Rate of Interest (%)
    7 - 14 days 2.50%
    15 - 29 days 2.50%
    30 - 45 days 2.75%
    46 - 60 days 2.75%
    61 - 90 days 3.00%
    91 days - <=6 months 3.25%
    6 months 1 days <= 9 months 3.50%
    9 months 1 day < 1 Year 3.65%
    1 year - 2 years 4.00%
    2 years 1 day - 3 years 4.50%
    3 years 1 day- 5 years 4.60%
    5 years 1 day - 10 years 4.60%

    *The bank FD rates are subject to change. Please check with the bank for the latest rates.

    Investment Plans for NRIsInvestment Plans for NRIs
  2. FCNR Fixed Deposit

    The HDFC Bank FCNR FD rates are:

    Interest Rates (% Per Annum) for FCNR Deposits W.E.F. 01st February 2022

    Term GBP USD EURO JPY AUD CAD
    One Year 0.80% 1.25% 0.01% 0.01% 0.50% 1.10%
    1 year to < 2 years NA 1.25% NA NA 0.50% 1.10%
    2 years to < 3 years NA 1.10% NA NA 1.05% 1.20%
    3 Years to < 4 Years NA 1.35% NA NA 1.55% 1.35%
    4 Years to < 5 Years NA 1.30% NA NA 1.65% 1.30%
    5 Years Only NA 1.40% NA NA 1.80% 1.50%

    *The bank FD rates are subject to change. Please check with the bank for the latest rates.

  3. RFC Fixed Deposit

    The HDFC Bank RFC FD rates are:

    Interest Rates (% Per Annum) for RFC Deposits

    Term GBP USD EURO JPY Effective On
    <29 Days 0.01% 0.01% 0.01% 0.01% 01/12/2018
    30 Days to 3 Months 0.01% 0.01% 0.01% 0.01% 01/12/2018
    3 Months 1 Day to 6 Months 0.01% 0.01% 0.01% 0.01% 01/12/2018
    6 Months 1 Day to < One Year 0.01% 0.01% 0.01% 0.01% 01/12/2018
    1 Year to < 2 Years 0.01% 0.01% 0.01% 0.01% 01/02/2022
    2 Years to < 3 Years 0.01% 1.00% 0.01% 0.01% 01/02/2022
    3 Years Only 0.01% 0.01% 0.01% 0.01% 01/02/2022

    *The bank FD rates are subject to change. Please check with the bank for the latest rates.

Investment Plans for NRIsInvestment Plans for NRIs

About HDFC Bank NRE Fixed Deposit Interest Rate Calculator

HDFC Bank NRE Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

  • The amount that is invested

  • The Rate of Interest offered

  • The tenure of the Fixed Deposit Account

  • The compounding period, that is, yearly, half-yearly, quarterly, or monthly

  • The FD Amount

Once entered the following details, an investor will come to know:

  • The maturity value of the FD

  • The total interest earned during the complete tenure

Types of FDs for NRIs

The HDFC Bank provides several categories of NRI fixed deposits to invest in and earn from them. The FD types and the HDFC Bank NRE Fixed Deposit rates are listed below:

  1. Non-Resident External Fixed Deposit

    • This fixed deposit amount can be withheld with the Bank for a period ranging from 1 year to 10 years.

    • You can also nominate a person for the fixed deposit.

    • The Bank also provides an option to open a joint account with other Non-Residential Indians.

    • You can also avail yourself of an option to withdraw some amount before completing the period of maturity. i.e., a partial withdrawal facility is associated with the HDFC Bank NRI FD rates. 

    • The deposit can be directly deposited with the Bank or can be transferred from any FCNR/ NRE account held by the investor. 

  2. Non-Residential Ordinary Fixed Deposit

    • The NRO FD account's initial deposit is Rs.25,000 as its minimum value and the deposits can be increased by Rs.10,000 when booked on add deposits option.

    • You can transfer the amount using an ongoing NRO/NRE account in any other bank. 

    • You can choose between the options in which the interest amount is paid to you. The interest shall be paid every month or quarterly or at the end of maturity. 

    • The tenure or time ranges from seven days to 10 years. 

    • There is an option for you to hold a joint account with any NRIs or Residential Indians. 

    SIP Investment for NRIsSIP Investment for NRIs
  3. FCNR Fixed Deposit

    • By the HDFC Bank NRI FD rates, the period of maturity varies between 1 year and 5 years.

    • The investment in FCNR FD can be made in six foreign currencies.

    • A nomination facility is available for the investors.

    • The investors are also given an option to open a joint FD account with NRIs.

    • The deposit can be directly deposited with the Bank or can be transferred from any FCNR account held by the investor. 

  4. RFC Fixed Deposit

    • The amount can be invested in 4 foreign currencies.

    • The deposit can be transferred from any FCNR/ NRE account held by the investor. 

    • This lowers the risks related to foreign exchange rates and helps to protect the savings. 

Investment Plans for NRIsInvestment Plans for NRIs

Conclusion

The HDFC Bank provides an opportunity for Non-Residential Indians to invest in fixed deposit services in India. The Banks control the HDFC Bank NRE FD rates, and the rates are subjected to changes.

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