Offshore Deposit - Eligibility

Introduction

HDFC Bank offers Offshore Accounts and Deposits as an investment option for Non-Resident Indians (NRIs). Choose from three deposit currencies and switch between currencies anytime.

Eligibility Criteria for NRI Offshore Deposits

  • Bahrain Offshore Deposit:
  • Non-Resident Indian

  • Foreign National*

  • *Check for any specific local regulatory requirements.

FAQs

HDFC Bank’s NRI Offshore Deposits Account is a specialized financial product designed for Non-Resident Indians (NRIs) and Foreign Nationals.  It's important to note that local rules and regulations applicable to the individual’s country of residence must be verified before opening the account. 

The rules pertaining to NRI offshore deposit accounts are straightforward. You can open this account only with any of the following three foreign currencies – EUR, USD, and GBP and choose a deposit.tenure ranging between 1 and 5 years. You can also choose between fixed and floating interest rates. The account allows only three joint holders at a time and the interest is paid only when the deposit matures.

If you are a resident of Bahrain, then you must make a minimum deposit of BD7 million per deposit to open the Offshore Banking Account.