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- Hold an NRE Account with us?
Book via NetBanking - Funding from abroad?
Follow inward remittance steps - New NRI/PIO?
Email fcnrswap@hdfc.bank.in Know more
FCNR Deposit Rates
Period
|
GBP
|
USD
|
EURO
|
JPY
|
AUD
|
CAD
|
SGD
|
Effective Date
|
|---|---|---|---|---|---|---|---|---|
| 1 Year- less than 2 years | 3.40% | 3.50% | 2.00% | 0.50% | 3.50% | 1.85% | 0.80% | August 1, 2026 |
| 2 years - less than 3 years | 3.25% | 3.25% | 1.90% | N/A | 3.25% | 2.00% | 1.00% | August 1, 2026 |
| 3 year to less than 4 years | 5.90% | 6.25% | 4.50% | N/A | 6.25% | 4.50% | 3.40% | August 1, 2026 |
| 4 years to less than 5 years | 5.90% | 6.25% | 4.55% | N/A | 6.25% | 4.50% | 3.40% | August 1, 2026 |
| 5 years only | 5.90% | 6.25% | 4.55% | N/A | 6.25% | 4.50% | 3.40% | August 1, 2026 |
Foreign Currency Non Resident (FCNR) deposit booked for 3 to 5 years tenure will have a lockin period of 1 year. This will be applicable to deposit booked between June 10, 2026 to August 31, 2026.
New Customers: Click here to talk to our Executive!! EXISTING Customers: Click here to book a deposit online through NetBanking!!
Click here to talk to our PHONEBANKING Agent!!
IMPORTANT NOTES:
FCNR Deposits: Existing FCNR deposits booked under GBP, EURO & JPY currencies for the tenor 1 year 1 day to 5 year and which are due for auto renewal will be auto renewed for 1 year tenor by default.
No interest will be paid if the FCNR Deposit is prematurely withdrawn before 1 year. No Penalty will be levied on premature closure of FCNR Fixed Deposit.
With effect from July 22nd, 2023, the interest rate applicable for premature withdrawal including Partial Withdrawal on FCNR Deposits will be the rate on the date of deposit booked for the period for which deposit remained with the bank and not at the contracted rate.
Prior to July 22nd, 2023, For Premature Closure (for all amounts, and for including Sweep In / Partial Withdrawal), the final rate applicable will be lower of either: a) the rate for the original /contracted tenor for which deposit has been booked or b) the base rate applicable for the tenor for which the deposit has been in force with the bank.
The base rate is the rate applicable to deposits as on the date of booking the deposit. The paid interest amount (in case of half yearly pay out mode) will be adjusted against Principal Balance of the Deposit in case of Premature withdrawal of the FCNR Deposit before 1 year. The interest is calculated on a half yearly basis. Interest for re-investment deposit is calculated every six months and the Principal is increased to include interest earned during the previous six months. Deposit will be booked upon availability of clear funds with the bank and applicable interest rate will be given as on the date of receipt of the funds by the bank.
The interest rates are applicable for fresh and renewal fixed deposits and are subject to change from time to time. Kindly check the rates before booking the FCNR Fixed Deposit. The FCNR Deposit booking request through Netbanking will be processed within 2 working days except Saturday, Sunday, Indian public holidays, International currency holidays. The actual interest rate and forex rate being applied will be the one which is prevailing at the time of processing the deposit and not at the time of receiving the request.
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Frequently Asked Questions
To apply for a Foreign Currency Non- Resident (FCNR) Fixed Deposit in India:
- Check if you qualify.
- Apply online.
- Submit required documents (Aadhaar, PAN, utility bill/passport, salary slips/income tax returns).
- Receive your FCNR Fixed Deposit confirmation.
Foreign Currency Non-Resident (FCNR) Fixed Deposit is an investment account that allows non-resident Indians (NRIs) to hold their foreign income in major global currencies.
Foreign Currency Non-Resident (FCNR) FDs offer several benefits:
1. Currency Diversification: You can invest in global currencies, reducing the risk of holding assets in a single currency.
2. Hedging against Currency Fluctuations: By locking in a fixed exchange rate, you protect your funds from adverse currency movements.
3. Attractive Interest Rates: FCNR FDs typically offer higher interest rates compared to domestic deposits, increasing your returns.
4. Repatriation: You can repatriate both the principal and interest amounts in the foreign currency chosen at the time of deposit, providing flexibility in managing your funds.
FCNR Fixed Deposit can be opened in six major global currencies including US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, Canadian Dollars.
FCNR Fixed Deposit has a minimum tenure of one year and a maximum tenure of 5 years.
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