Typically, there is no upper limit on the amount of money you can deposit in an NRE Current Account. You can deposit any amount you please, all year long.

Yes, there are restrictions on HDFC Bank’s NRE Account. You can only deposit funds from abroad in a freely convertible foreign currency. With NRE Current Accounts, you cannot deposit cash in Indian Rupees, gifts received in India, or any income generated in India.

HDFC Bank’s NRE Current Account is designed for Non-Resident Indians and Persons of Indian Origin. You can deposit money from overseas in any convertible foreign currency. The NRE Current Account is a non-interest-bearing account, but like any other account, you can operate it remotely from any corner of the world through a convenient online netbanking channel. Besides online deposits, you can deposit funds in this account in foreign currency notes and traveller’s cheques brought to India from abroad. Plus, you can directly remit funds to HDFC Bank via FYC wire transfers and transfer funds via existing NRE and FCNR Accounts held in other banks.