NRI Deposit


Whether you earn overseas income or earnings in India, HDFC Bank’s NRI Deposits offer better savings, higher interest rates, and easier banking options.

Choose from a wide range of deposit accounts cutting across rupee account fixed deposits, deposits in foreign currency or deposits in offshore accounts in Hong Kong and Bahrain.

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Fixed Deposit Rupee Account Maximize Your Savings with Attractive Rates and Tax Benefits

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Recurring Deposits Boost Your Savings with Regular Contributions and High Interest Rates

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Fixed Deposit Foreign Currency Account Earn More with Multi-Currency Deposits and Forex Protection

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Offshore Accounts and Deposits Secure Your Wealth Offshore with Flexible Deposit Options in Hong Kong or Bahrain

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Know more about Deposit Account

The HDFC Bank NRI Deposit Accounts offer several features, including:

Fully repatriable Indian Rupee account for overseas income.

Ability to repatriate principal and interest abroad using NetBanking.

Option to appoint a loved one in India as a mandate holder to administer the account.

Higher interest rate on deposits with partial withdrawal.

Tax exemption from the entire deposit (principal and interest in certain cases).

Complete repatriation of the deposit (principal and interest) at any time.

NRI Deposit Accounts offer benefits, like

Competitive interest rates

Flexible tenures

Repatriation of funds.

Helps manage funds across borders

Ideal for long-term savings goals

Allows NRIs to save in their preferred currency

Stable returns

To apply for an NRI Deposit Bank Account with HDFC Bank, you can follow these general steps:

1. Go to the HDFC Bank website and navigate to the NRI Banking section.

2. Click on the ‘Apply Now’ link for the types of NRI Accounts you are interested in.

3. Choose the type of FD or RD from the dropdown menu.

4. Fill in your basic details on the form provided.

Your queries answered here

Non-resident Indians (NRIs) can take out loans against their NRI Deposit Accounts at HDFC Bank. They can apply for a loan against securities or their Fixed Deposit (FD) accounts. This facility allows NRIs to borrow funds without liquidating their deposits and continue to earn interest on the deposited amount.

The four key NRI Deposit Accounts online are:

1. Fixed Deposit Rupee Account (NRE/NRO):

  • Competitive interest rates.

  • Tax exemption benefits.

  • Full repatriation of funds.

2. Recurring Deposits (NRE/NRO):

  • Grow savings by depositing small amounts regularly.

  • Competitive interest rates.

3. Fixed Deposit Foreign Currency Account (FCNR):

  • Create FDs in different currencies.

  • Attractive interest rates.

  • Protection against forex fluctuations.

4. Offshore Accounts & Deposits:

  • Convenient fixed deposits in Hong Kong or Bahrain.

  • Ideal for holding funds offshore.

NRIs can include a resident Indian as a joint account holder in the 'Former or Survivor' mode of operation.