HDFC Bank's NRI Recurring Deposits offer Non-Resident Indians a convenient way to grow their savings with regular contributions. Enjoy competitive interest rates and flexible tenures tailored to meet your financial goals.
Your queries answered here
The interest rates for NRO Recurring Deposit vary among banks but typically range between 6% and 7.5% per annum. You can check the specific banks’ websites or contact your chosen bank directly for the most accurate and updated NRO RD rates.
HDFC Bank's NRO Recurring Deposit interest rates are fixed for the deposit term. This means the interest rate agreed upon at the start of the deposit will remain constant until maturity.
How often do banks revise their NRO Recurring Deposit interest rates?
Banks generally review and revise their Recurring Deposit interest rates periodically, often on a quarterly basis or in response to changes in the Reserve Bank of India's monetary policy or market conditions.