NRE Fixed Deposits (FDs) typically have a minimum tenure of 1 year and a maximum tenure of 10 years. As the depositor, you can choose the tenure  at the time of opening the FD. The interest rate offered on NRE FDs may vary depending on the tenure chosen, with longer tenures often attracting higher interest rates. It's important to note that premature withdrawal of funds from an NRE FD may attract penalties, so depositors should carefully consider their financial needs and choose a tenure that aligns with their goals.

HDFC Bank offers competitive interest rates on NRE Fixed Deposits, which are subject to change, based on market conditions. These rates are typically influenced by various factors, including the Reserve Bank of India's monetary policy,  and economic trends. Customers can check the latest interest rates on the HDFC Bank website or by contacting their nearest branch. It's important to note that interest rates on NRE Fixed Deposits are generally at par with Domestic Fixed Deposits, making them an attractive investment option for Non-resident Indians looking to earn returns on their savings.

NRE Fixed Deposits (FDs) offer several benefits for non-resident Indians (NRIs). Firstly, they provide a secure investment option with guaranteed returns, as they are not subject to fluctuations in the foreign exchange rate. Secondly, the interest earned on NRE FDs is tax-free in India, making them a tax-efficient investment. Additionally, NRE FDs can be easily opened and managed online, providing convenience for NRIs. Finally, these FDs allow NRIs to repatriate both the principal amount and the interest earned without any restrictions, making them an attractive option for NRIs looking to invest their foreign earnings in India.