NRE Fixed Deposit

What's in store for you

Key Benefits and Features of NRE Fixed Deposit

Enhanced Flexibility

  • Earn enhanced interest rates on your deposits.
  • Withdraw part of your deposits when needed.
  • Choose a tenure between 1 year and 10 years for your deposit.
  • Access an overdraft of up to 90% against your deposit.
  • Repatriate your entire deposit (principal + interest) at any time.
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Value-Added Features

  • Enjoy tax exemption on your entire deposit (principal + interest).
  • Open the deposit jointly with another NRI.
  • Opt for the nomination feature on your deposit.
  • Access the sweep-in facility for your Fixed Deposit.
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Deposit Benefits

  • Transfer funds from abroad in a freely convertible foreign currency.
  • Fund your NRE Fixed Deposit with foreign currency notes or traveller's cheques brought by you or another NRI during your visit to India.
  • Directly remit the amount to us. 
  • Transfer funds from an existing NRE/NRE Account held in other Banks.
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Interest Rates

  • The deposit rates for NRE deposits will change from the first of every month. Since the cap on NRE rates has been enforced by the Reserve Bank of India, no request for offering differential rates would be entertained
  • FD Interest rates are subject to change from time to time
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  • Applicable interest rates will be given as on the date of receipt of the funds by the Bank
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Most Important Terms & Conditions

  • *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
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Frequently Asked Questions

Yes, you can open an HDFC Bank NRE FD jointly with another NRI. You can add Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) as joint account holders. Additionally, resident Indian close relatives can be added as second holders on a "former or survivor" basis. They can access the account only after the demise of the NRI first holder 

NRE Fixed Deposit Accounts with HDFC Bank are tax-free in India; both the principal and interest earned are exempt from taxation.

You are eligible if you are a non-resident individual of Indian nationality or a Person of Indian Origin (PIO).