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Disclaimer: # The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. All plans listed here are of insurance companies’ funds.

HDFC NRI Fixed Deposits

HDFC Bank, a reputed private bank, offers HDFC NRI Fixed Deposits to all their NRI customers. The FD rates range from 3.0% to 7.75% depending upon the tenure and the investment amount.

Plans starting from ₹1000/month

Best Investment Plans^˜

Invest 18k/month & get 2 Crore^# on maturity
Manage your funds online60k + happy customers across 25+ countries
Compare & Choose 30+ Plans and 150+ Fund options

HDFC Bank offers the following HDFC NRI FD Rates Schemes for their customers:

HDFC NRE FD Rates Scheme
HDFC NRO FD Rates Scheme
HDFC FCNR Rates Scheme

Difference Between NRE, NRO, and FCNR (B) Accounts

It is important to know the difference between the 3 NRI FD account types before depositing the money:

Particulars	NRE Account	NRO Account	FCNR-B Account
Account Purpose	Income earned in a foreign country is deposited in an NRE account.	Income earned in India by NRIs is deposited in an NRO account.	Income earned in foreign currency is deposited in FCNR (B) account.
Account Type	Savings account, Recurring, or Current	Savings account, Recurring, or Current	Fixed Deposit accounts with a 1-year minimum tenure
Currency denomination	INR	INR	AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, USD
Joint holding facility	It can be held with other NRI.	It can be held with other Indian residents or NRI.	It can be held with other NRI.
Repatriation Facility	Balance is fully repatriable.	Interest earned is fully repatriated.	Interest earned, and principal amount are fully repatriable.
Taxability	Tax is exempted on the interest income.	Interest income is taxable.	Tax is exempted on the interest income.

HDFC Bank NRE FD Rates for Less Than 2 Crores

HDFC NRE FD Rates are not applicable for NRI senior citizens and are exclusive only to Senior Citizens residing in India. Also, the minimum tenure for the NRE deposit interest rates is 1 year.

Tenure	Interest Rate (per annum)	Senior Citizen Rates (per annum)
7 - 14 days	3.00%	3.50%
15 - 29 days	3.00%	3.50%
30 - 45 days	3.50%	4.00%
46 - 60 days	4.50%	5.00%
61 - 89 days	4.50%	5.00%
90 days < = 6 months	4.50%	5.00%
6 months 1 days <= 9 months	5.75%	6.25%
9 months 1 day to < 1 year	6.00%	6.50%
1 year to < 15 months	6.60%	7.10%
15 months to < 18 months	7.10%	7.60%
18 months to < 21 months	7.00%	7.50%
21 months - 2 years	7.00%	7.50%
2 years 1 day - 3 years	7.00%	7.50%
3 year 1 day to - 5 years	7.00%	7.50%
5 year 1 day - 10 years	7.00%	7.75%

Rates are effective as on 4th April 2023.

HDFC NRO FD Rates for Less Than 2 Crores

Tenure	Interest Rate (per annum)	Senior Citizen Rates (per annum)
7 - 14 days	3.00%	3.50%
15 - 29 days	3.00%	3.50%
30 - 45 days	3.50%	4.00%
46 - 60 days	4.50%	5.00%
61 - 89 days	4.50%	5.00%
90 days < = 6 months	4.50%	5.00%
6 months 1 days <= 9 months	5.75%	6.25%
9 months 1 day to < 1 year	6.00%	6.50%
1 year to < 15 months	6.60%	7.10%
15 months to < 18 months	7.10%	7.60%
18 months to < 21 months	7.00%	7.50%
21 months - 2 years	7.00%	7.50%
2 years 1 day - 3 years	7.00%	7.50%
3 year 1 day to - 5 years	7.00%	7.50%
5 year 1 day - 10 years	7.00%	7.75%

Rates are effective as on 4th April 2023.

Want to Earn Better Returns Than FDs?

Max Life has come up with an all-new "Max Life Smart Fixed-Return Digital Plan" that provides a combination of higher fixed returns, life coverage, and tax savings, making it a preferred choice for investors looking for guaranteed fixed returns.

Why Smart Fixed Return Digital Plan?

Details	Guaranteed Savings	Fixed Deposits
Tax savings on premiums paid (Under Sec 80 C up to Rs. 1.5 lakh per annum)	Yes	Only on the Invested amount with 5-year lock-in 80C
Tax Saving on returns (Sec 10(10D))	Yes	No
Life cover (Death Benefit)	Yes	No
Option to invest monthly	Yes	No
Interest Rate Guarantee	Yes	Every new investment may have a different interest rate.
Option to invest through Credit Card	Yes	No

HDFC FCNR Rates

Period	GBP	USD	EURO	JPY	AUD	CAD
1 Year	4.25%	5.10%	2.95%	0.01%	3.45%	4.05%
1 year 1 day - less than 2 years	-	5.10%	-	-	3.45%	4.05%
2 years - less than 3 years	-	4.55%	-	-	3.75%	4.00%
3 year to less than 4 years	-	4.20%	-	-	3.70%	3.70%
4 years to less than 5 years	-	3.85%	-	-	3.75%	3.45%
5 years only	-	3.70%	-	-	3.85%	3.35%

Rates are effective as of 4th April 2023.

HDFC NRE FD Rates for Deposits Above 2 Crores but Less Than 5 Crores

Tenure	Interest Rate (per annum)	Senior Citizen Rates (per annum)
7 - 14 days	4.75%	5.25%
15 - 29 days	4.75%	5.25%
30 - 45 days	5.50%	6.00%
46 - 60 days	5.75%	6.25%
61 - 89 days	6.00%	6.50%
90 days <= 6 months	6.50%	7.00%
6 months 1 day <=9 months	6.65%	7.15%
9 months 1 day to < 1 Year	6.75%	7.25%
1 Year to < 15 months	7.25%	7.75%
15 months to < 18 months	7.15%	7.65%
18 months to < 21 months	7.15%	7.65%
21 months to 2 years	7.15%	7.65%
2 year 1 day to 3 years	7.00%	7.50%
3 year 1 day to 5 years	7.00%	7.50%
5 year 1 day to 10 years	7.00%	7.75%

Rates are effective as on 4th April 2023.

HDFC NRO FD Rates for Deposits Above 2 Crores but Less Than 5 Crores

Tenure	Interest Rate (per annum)	Senior Citizen Rates (per annum)
7 - 14 days	4.75%	5.25%
15 - 29 days	4.75%	5.25%
30 - 45 days	5.50%	6.00%
46 - 60 days	5.75%	6.25%
61 - 89 days	6.00%	6.50%
90 days <= 6 months	6.50%	7.00%
6 months 1 day <=9 months	6.65%	7.15%
9 months 1 day to < 1 Year	6.75%	7.25%
1 Year to < 15 months	7.25%	7.75%
15 months to < 18 months	7.15%	7.65%
18 months to < 21 months	7.15%	7.65%
21 months to 2 years	7.15%	7.65%
2 year 1 day to 3 years	7.00%	7.50%
3 year 1 day to 5 years	7.00%	7.50%
5 year 1 day to 10 years	7.00%	7.75%

Rates are effective as on 4th April 2023.

In the End!

All the 3 SBI NRI Interest Rate accounts, that is, Non-Resident External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR), allow the NRIs to deposit their income efficiently and hassle-free in India. These accounts are completely safe for saving income and earning decent returns on the invested amount. The type of account should be chosen wisely that best suits the depositor’s needs (type of account will also be dependent on the account held by the customer).

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*Past 10 Year annualised returns as on 01-02-2025
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 2 Cr. is for a 30 year old healthy individual investing Rs 18,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: 1,06,79,507 @ CAGR 4%; 2,12,15,817 @ CAGR 8%. All plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).