Women Savings Account

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.

Features You Need and Deserve

  • Currencies
  • Offshore Deposit with a choice of three currencies – USD, GBP, EUR.
  • Interest rate
  • Earn competitive interest rates on Offshore Deposits, click here.
  • Click here to view a detailed list of interest rate terms.
  • Tenure
  • Flexibility with tenures between 1 month and 5 years.
  • Currency switching
  • Switch between currencies at any time during the tenure.
  • Renewal
  • Opt for automatic renewal and forget the hassle of sending maturity instructions.
  • TERMS AND CONDITIONS

Let’s check if you are eligible

  • Bahrain Offshore Deposit

  • Non-Resident Indian

  • Foreign National

  • Please verify local applicable rules and regulations

Your Queries Are Resolved Here

NRI Offshore Deposits online in India are bank accounts held by Non-Resident Indians in Foreign Banks or in designated offshore branches of Indian Banks. These deposits are tailored to the needs of NRIs, offering features like multiple currency options and higher interest rates compared to domestic accounts. Unlike regular deposits in India, NRI Offshore Deposits allow for easy repatriation of funds, provide tax benefits, and are subject to international banking regulations.

  • Offshore deposits often come with tax benefits, including exemptions on interest earned in certain jurisdictions.
  • Allows holding deposits in various currencies, facilitating easier management of international finances.
  • Potentially higher returns compared to domestic accounts.
  • Funds can be easily transferred to and from India without restrictions.
  • Offers worldwide access to funds, convenient for NRIs living in different countries.

NRI Offshore Deposits in India typically accept major global currencies, including but not limited to:

  • US Dollar
  • British Pound
  • Euro
  • Japanese Yen
  • Australian Dollars
  • Canadian Dollars

NRI Offshore Deposits online often enjoy tax benefits, including exemptions on interest earned in certain jurisdictions. For instance, interest on NRE (Non-Resident External) accounts is tax-free in India. However, the tax treatment varies based on the host country's regulations and the NRI's tax residency status. NRIs should consult with tax professionals to understand the specific tax implications in both the country where the deposit is held and their country of residence.

Here is how you can apply for NRI Offshore Deposits: 

  • Select an international or Indian Bank with offshore branches that offer NRI services.
  • Decide on the type of Offshore Deposit Account needed.
  • Collect necessary documents such as proof of identity, NRI status, address, and photographs.
  • Complete the Offshore Deposit Application form online or at a bank branch.
  • Submit the application form and required documents either online or in person.
  • Make the initial deposit as required by the bank.
  • The bank will verify your details.
  • Upon successful verification, your offshore deposit account will be activated.