Key Features of RupeeMax FD
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Key Features
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Additional Benefits
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Most Important Terms & Conditions
More About RupeeMax FD
RupeeMax offers several key features to investors, including:
It provides an opportunity to earn higher yields compared to standard FCNR and NRE Fixed Deposits, making it an attractive investment option.
Customers can mitigate foreign exchange risks by availing forward covers on FCNR Fixed Deposits for tenures ranging from one to five years.
It allows for cross-currency forward covers, further enhancing its appeal to investors looking to diversify their currency exposure.
With a minimum investment amount of ₹25 lakh or its equivalent, RupeeMax offers flexibility and potential for attractive returns.
Earn more compared to standard FCNR and NRE Fixed Deposits, making it a lucrative investment option.
Allows forward covers on FCNR Fixed Deposits for tenures of 1 to 5 years, helping investors manage foreign exchange risks.
Enhances the appeal of RupeeMax by offering additional protection and opportunities.
Minimum investment amount of ₹25 lakh or its equivalent provides flexibility and potential for attractive returns.
Combines higher yields, risk mitigation, and flexible investment options to cater to knowledgeable investors.
Frequently Answered Questions
RupeeMax is a financial product offered by HDFC Bank that allows customers to earn higher yields compared to traditional FCNR (Foreign Currency Non-Repatriable) and NRE (Non-Resident External) Fixed Deposits. It provides an opportunity to mitigate foreign exchange risks by offering forward covers on FCNR Fixed Deposits for tenures ranging from one to five years. Customers can also benefit from cross-currency forward covers. With RupeeMax, customers can invest a minimum of ₹25 lakh or its equivalent in foreign currency. Premature withdrawal is available subject to the terms and conditions.
The interest rates on a RupeeMax account can vary depending on several factors such as the amount deposited, the tenure of the deposit, and prevailing market conditions. Generally, RupeeMax offers competitive interest rates that are higher than those offered on standard FCNR and NRE Fixed Deposits. It's advisable to check with HDFC Bank for the current interest rates applicable to RupeeMax accounts to understand the potential returns on your investment.
The minimum investment amount for a RupeeMax account is ₹25 lakh or its equivalent in foreign currency. This minimum deposit requirement allows customers to access the benefits of RupeeMax, including higher yields compared to standard FCNR and NRE Fixed Deposits. Customers can invest this amount to mitigate foreign exchange risks and earn competitive interest rates. Additionally, premature withdrawal is available subject to terms and conditions, providing flexibility to investors.