Make the most of your savings with our foreign
currency deposits
Let's make FCNR Deposit booking easier for you:
- Hold an NRE Account with us?
Book via NetBanking - Funding from abroad?
Follow inward remittance steps - New NRI/PIO?
Email fcnrswap@hdfc.bank.in Know more
FCNR (Foreign Currency Non-Resident) Fixed Deposit interest rates are the rates of return banks offer on Fixed Deposits held in foreign currencies by Non-Resident Indians (NRIs). These deposits allow NRIs to invest their foreign earnings in India without worrying about exchange rate fluctuations.
FCNR Deposit Rates
Period
|
GBP
|
USD
|
EURO
|
JPY
|
AUD
|
CAD
|
SGD
|
Effective Date
|
|---|---|---|---|---|---|---|---|---|
1 Year- less than 2 years
|
3.40%
|
3.50%
|
2.30%
|
0.90%
|
3.50%
|
2.30%
|
1.15%
|
July 3, 2026
|
2 years - less than 3 years
|
3.25%
|
3.25%
|
1.90%
|
N/A
|
3.25%
|
2.10%
|
1.00%
|
July 3, 2026
|
3 year to less than 4 years
|
5.90%
|
6.00%
|
4.50%
|
N/A
|
6.25%
|
4.50%
|
3.40%
|
June 22, 2026
|
4 years to less than 5 years
|
5.90%
|
6.00%
|
4.55%
|
N/A
|
6.25%
|
4.50%
|
3.40%
|
June 22, 2026
|
5 years only
|
5.90%
|
6.00%
|
4.55%
|
N/A
|
6.25%
|
4.50%
|
3.40%
|
June 22, 2026
|
Foreign Currency Non Resident (FCNR) deposit booked for 3 to 5 years tenure will have a lockin period of 1 year. This will be applicable to deposit booked between June 10, 2026 to September 30, 2026.
New Customers: Click here to talk to our Executive!! EXISTING Customers: Click here to book a deposit online through NetBanking!!
Click here to talk to our PHONEBANKING Agent!!
IMPORTANT NOTES:
FCNR Deposits: Existing FCNR deposits booked under GBP, EURO & JPY currencies for the tenor 1 year 1 day to 5 year and which are due for auto renewal will be auto renewed for 1 year tenor by default.
No interest will be paid if the FCNR Deposit is prematurely withdrawn before 1 year. No Penalty will be levied on premature closure of FCNR Fixed Deposit.
With effect from July 22nd, 2023, the interest rate applicable for premature withdrawal including Partial Withdrawal on FCNR Deposits will be the rate on the date of deposit booked for the period for which deposit remained with the bank and not at the contracted rate.
Prior to July 22nd, 2023, For Premature Closure (for all amounts, and for including Sweep In / Partial Withdrawal), the final rate applicable will be lower of either: a) the rate for the original /contracted tenor for which deposit has been booked or b) the base rate applicable for the tenor for which the deposit has been in force with the bank.
The base rate is the rate applicable to deposits of less than 1 Mn as on the date of booking the deposit. The paid interest amount (in case of half yearly pay out mode) will be adjusted against Principal Balance of the Deposit in case of Premature withdrawal of the FCNR Deposit before 1 year. The interest is calculated on a half yearly basis. Interest for re-investment deposit is calculated every six months and the Principal is increased to include interest earned during the previous six months. Deposit will be booked upon availability of clear funds with the bank and applicable interest rate will be given as on the date of receipt of the funds by the bank.
The interest rates are applicable for fresh and renewal fixed deposits and are subject to change from time to time. Kindly check the rates before booking the FCNR Fixed Deposit. The FCNR Deposit booking request through Netbanking will be processed within 2 working days except Saturday, Sunday, Indian public holidays, International currency holidays. The actual interest rate and forex rate being applied will be the one which is prevailing at the time of processing the deposit and not at the time of receiving the request.
Know More About FCNR Deposits!
-
How to Book FCNR (B) deposit?
-
Investment amount
-
Repatriation
-
Taxation
FAQs
The interest rates for FCNR (Foreign Currency Non-Resident) fixed deposits vary depending on the currency and tenure. However, the following maybe noted in case of the interest rates on your FCNR Fixed Deposits:
- The interest rates are compounded every 180 days.
- No interest is paid if the deposit is prematurely withdrawn within one year of creation.
- Interest is calculated at the applicable rate for the period the deposit has run.
- Premature withdrawal penalty is nil.
Yes, you can initiate a transfer to your FCNR Account by sending money from your current Non-Resident External (NRE) Account. The transfer can be done through Internet Banking or by visiting a branch of your bank. The transfer process may involve adding a beneficiary and submitting forms with required documentation.
The interest earned on HDFC Bank FCNR Deposits is not taxable in India. So, you can enjoy the returns without worrying about tax implications.