HDFC Bank NRI Fixed Deposits currently offer interest rates ranging from 2.75% to 6.50% p.a. for NRE and NRO customers on deposits below ₹3 Crores. Eligible NRO senior citizen deposits can earn up to 7.00% p.a..
Below is the latest HDFC Bank NRE & NRO FD Interest Rate Table effective from 6 March 2026.
| FD Tenure | NRE FD | NRO FD | NRO Senior |
|---|---|---|---|
| 7 Days – 45 Days | Not Available | 2.75% – 3.25% | 3.25% – 3.75% |
| 46 Days – 6 Months | Not Available | 4.25% | 4.75% |
| 6 Months 1 Day – Less than 1 Year | Not Available | 5.50% – 5.75% | 6.00% – 6.25% |
| 1 Year – Less than 15 Months | 6.25% | 6.25% | 6.75% |
| 15 Months – Less than 18 Months | 6.35% | 6.35% | 6.85% |
| 18 Months – 2 Years | 6.45% | 6.45% | 6.95% |
| 2 Years 1 Day – 3 Years | 6.45% | 6.45% | 6.95% |
| 3 Years 1 Day – Less than 4 Years 7 Months | 6.50% | 6.50% | 7.00% |
| 4 Years 7 Months – 5 Years | 6.40% | 6.40% | 6.90% |
| 5 Years 1 Day – 10 Years | 6.15% | 6.15% | 6.65% |
For NRIs, NRE FDs are generally preferred for overseas earnings because the interest is tax-free in India, while NRO FDs are mainly used for managing Indian income such as rent, pension, dividends, or property proceeds.
📌 Important HDFC NRI FD Rules
- NRE FDs require a minimum tenure of 1 year; premature closure before 1 year earns no interest
- NRO Fixed Deposits can be opened from 7 days to 10 years
- The highest regular NRE/NRO rate is currently 6.50% p.a.
- Senior citizen benefits up to 7.00% p.a. apply only on eligible NRO deposits
- NRE deposits do not receive additional 0.5% senior citizen interest rates.
💡 NRI FD Tip: The 3 Years 1 Day to Less than 4 Years 7 Months bucket currently offers HDFC Bank’s highest NRE return of 6.50% p.a.. Many NRIs choose this tenure to maximize tax-free returns while keeping the lock-in period reasonable.
📌 Quick Insight: NRE deposits are fully repatriable and tax-free in India. NRO deposits are mainly used for Indian income and generally have a repatriation limit of up to USD 1 Million per financial year under RBI guidelines.
⚠ Important: NRO FD interest is generally subject to 30.90% TDS. However, eligible NRIs may reduce the deduction through DTAA benefits by submitting a valid Tax Residency Certificate (TRC).
You can verify the latest rates directly from the official HDFC Bank Interest Rate Page .
Read Below: • FCNR(B) Rates • Premature Withdrawal Rules • Online FD Opening Process
1. HDFC FCNR (B) Deposit Rates
If you do not want to convert your money into Indian Rupees, HDFC Bank also offers FCNR (B) Deposits. These deposits are maintained in foreign currency, helping NRIs avoid exchange rate fluctuations between the Rupee and their home currency.
| Currency | 1 Year to < 2 Years | 2 Years to < 3 Years | 3 Years to < 4 Years |
|---|---|---|---|
| USD (US Dollar) | 4.00% – 4.10% | 3.45% | 3.30% |
| GBP (British Pound) | 4.25% | 4.10% | 4.00% |
| AUD (Australian Dollar) | 2.25% | 2.20% | 2.10% |
| CAD (Canadian Dollar) | 1.45% | Not Available | Not Available |
Why Some NRIs Prefer FCNR Deposits
- Foreign Currency Account: Money remains in the same foreign currency.
- No Rupee Conversion Risk: Exchange rate changes do not affect your deposit value.
- Tax-Free Interest: Much like NRE deposits, all interest income built inside an HDFC FCNR (B) account is 100% tax-free in India and completely repatriable.
- Easy Repatriation: Both principal and interest can be transferred abroad.
📌 Good to Know: FCNR deposits are often chosen by NRIs who plan to use their money outside India later. Since the deposit stays in USD, GBP, AUD, or another foreign currency, there is no need to worry about Rupee depreciation affecting returns.
2. Important Features of HDFC NRI Accounts
- 1. Tax Benefit: Interest earned on NRE Accounts and FCNR Deposits is generally tax-free in India. However, interest earned on NRO Accounts is taxable and TDS may be deducted by the bank.
- 2. Foreign Currency Facility: If you do not want to convert your money into Indian Rupees, FCNR Deposits allow you to keep funds in foreign currencies such as USD, GBP, EUR, and other supported currencies.
- 3. Easy Money Transfer Abroad: Money kept in NRE and FCNR accounts can be sent back overseas without any major restrictions. NRO Accounts have separate remittance rules and applicable limits.
- 4. Manage Indian Income: If you receive rent, pension, dividends, or other income in India, an NRO Account is usually the account used to receive and manage these payments.
- 5. Flexible Deposit Period: HDFC NRI Fixed Deposits are available for different tenures. Depending on the deposit type, you can choose short-term or long-term investment periods.
- 6. Joint Account Option: NRE and FCNR Accounts can be opened jointly with another NRI. NRO Accounts also allow eligible resident Indian family members to be added as joint holders under applicable rules.
📌 One Thing Many NRIs Do: Many NRIs use all three together. Salary earned abroad goes into the NRE Account, rent from property comes into the NRO Account, and long-term foreign currency savings are kept in an FCNR Deposit.
3. Premature Closure Rules for HDFC NRI Fixed Deposits
If you break your FD before maturity, the interest paid by the bank may be lower than what you originally expected.
- 1. NRE FD Closed Before 1 Year: If an NRE Fixed Deposit is closed before completing 365 days, no interest is paid. The bank generally returns only the principal amount.
- 2. Premature Closure After 1 Year: If the FD is closed after completing 1 year but before maturity, HDFC Bank may apply a 1.00% premature closure penalty.
- 3. Interest Rate Recalculation: The bank does not use the original FD tenure. Instead, it checks the rate applicable for the period your money actually remained with the bank and then applies the penalty.
- 4. Lower Final Returns: Because of this recalculation, the final interest received can be lower than the rate shown when the FD was originally booked.
📌 Real-Life Example: Alok opens an NRE Fixed Deposit of Sub-₹3 Crore for a 3-Year term at 6.50% p.a. Due to an unexpected business requirement abroad, he cancels the account early after exactly 18 months. HDFC Bank discards the 6.50% baseline and looks up the 18-month rate card rate (6.35%). Applying the 1.00% early penalty means his final returns are recalculated down to 5.35%, significantly reducing his compound profit.
4. How to Open an HDFC NRI Fixed Deposit Online
If you already have an active NRE or NRO account with HDFC Bank and your KYC is complete, opening an FD usually takes only a few minutes.
(a.) Through HDFC Mobile Banking App
- Open the HDFC Mobile Banking App and log in.
- Go to the Deposits section and select Open Fixed Deposit.
- Choose whether you want to open an NRE FD or an NRO FD.
- Enter the FD amount. Most customers can start from ₹5,000.
- Select the FD period based on the interest rate and your investment plan.
- Choose how you want to receive the interest. You can either take monthly payouts or let the interest remain in the FD until maturity.
- Add a nominee if required.
- Check the interest rate, maturity amount, and other details shown on the screen.
- Confirm the request using OTP.
- Once approved, the FD receipt is generated instantly and can be downloaded from the app.
(b.) Through HDFC NetBanking
- Visit the HDFC NetBanking portal and log in.
- Click on Transact and then select Open Fixed Deposit.
- Choose your NRE or NRO account.
- Enter the deposit amount and select the tenure.
- Pick either Reinvestment or Monthly/Quarterly Interest Payout.
- Verify the interest rate and maturity value.
- Submit the request and save the FD receipt for future reference.
📌 Practical Point: Before booking the FD, compare two or three nearby tenures instead of selecting the first option shown on the screen. Sometimes a small change in tenure can help you qualify for a better interest rate.
Frequently Asked Questions
What is the FD rate for HDFC NRI?
In 2026, HDFC NRE/NRO fixed deposits below ₹3 crore usually give around 2.75% to about 6.50% yearly. The practical higher zone appears near 36–48 months tenure, not very long periods.
Can NRIs invest in HDFC FD?
Yes, NRIs can open FD through NRE, NRO or FCNR accounts. You apply online, upload passport, visa and overseas address. Activation generally completes in about 5–7 working banking days.
What is an NRI FD?
An NRI FD is a fixed deposit made from overseas income or Indian income while living abroad. It works like a normal FD, but taxation, transfer rules and currency treatment differ.
What is the difference between NRI FD and normal FD?
Interest rate looks similar, but taxation changes outcome. Resident FD interest is taxable for everyone, while NRE interest is tax-free and NRO has TDS deduction automatically applied.
Can I secure an overdraft loan against an HDFC NRE Fixed Deposit?
Yes. You can leverage an online overdraft or a Loan Against NRI FD up to 90% of your total accrued deposit evaluation directly through internet banking. This strategy allows you to cover short-term financial emergencies without breaking the account and triggering the 1.00% premature withdrawal penalty fee.
Can I create FD directly in my HDFC NRE account?
Yes, once remittance reaches your NRE savings account, you can convert it into FD online or through net banking instantly. Many NRIs book multiple smaller FDs for flexibility.
What is an NRE account in HDFC?
An NRE account is a rupee savings account for foreign earnings. Money you send from abroad stays tax-free in India, and both balance and interest can be transferred back overseas anytime.
What forms bypass the flat 30.90% TDS applied to NRO interest balances?
To lower your NRO withholding tax down from 30.90% to a cleaner 10% – 15% range, you must use Double Taxation Avoidance Agreement (DTAA) parameters. This requires you to submit a valid Tax Residency Certificate (TRC) from your current country of residence, a self-declaration annexure, and a copy of your PAN Card directly to HDFC Bank.
Read – NRI Banking
Hope you liked the content. Explore smart options below 👇
🔥 Recommended