Foreign Currency Non-Resident (FCNR) Fixed Deposit Eligibility Criteria

All you need to know about the eligibility criteria for Foreign Currency Non-Resident Fixed Deposit

If you meet the following criteria, you can initiate an HDFC Bank FCNR Deposit:

  • You are a Non-resident Indian (NRI) or a person of Indian origin.
  • You have the option to hold the deposit jointly with other NRIs.
     

Depositing funds into your FCNR FD can be done through various methods:

  • Transfer funds from abroad in a freely convertible foreign currency.
  • Present foreign currency notes/travellers cheques brought in by you or a joint NRI account holder during a visit to India.
  • Directly remit the amount to HDFC Bank through wire transfer/telegraphic transfer.
  • Transfer funds from an existing FCNR Account held in other banks.
     

Terms & Conditions apply

Frequently Asked Questions

To be eligible for a Foreign Currency Non-Resident (FCNR) Fixed Deposit, you must be a Non-resident Indian (NRI) or a person of Indian origin. Also, you can hold the deposit jointly with other NRIs.

If you are a Non-resident Indian (NRI) or a person of Indian origin(PIO), you qualify to open an HDFC Bank FCNR Deposit. Additionally, you have the option to hold the deposit jointly with other NRIs.