Explore the world of offshore deposits with HDFC Bank, where flexibility and competitive interest rates come together. Whether you’re looking to diversify your portfolio or secure your savings in a foreign currency, our offshore deposit accounts cater to your needs. With a variety of currencies available and attractive rates, these deposits are ideal for NRIs seeking to make the most out of their overseas funds. Open an offshore deposit account today and take advantage of the benefits that come with international banking solutions.
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HDFC Bank offers competitive interest rates on NRI Offshore Deposits, varying by currency and tenure. These rates generally range from 3.00% to 7.50%. Rates are calculated daily and paid periodically, considering factors like deposit amount, market conditions, and term. These rates can range widely, reflecting the financial environment and currency dynamics.
Currencies such as Indian Rupees (INR) and US Dollars (USD) often provide higher interest rates on NRI Offshore Deposits. INR rates are usually more attractive due to India's economic conditions, while USD deposits benefit from the global financial market trends. However, interest rates also depend on the deposit term and bank's policies.
NRI Offshore Deposit rates with HDFC Bank can be either fixed or variable. Fixed rates remain unchanged throughout the deposit term, offering stability and predictability. Variable rates, on the other hand, may fluctuate based on market conditions, providing potential for higher returns but with increased risk.