HDFC Bank offers the following HDFC NRI FD Rates Schemes for their customers:
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HDFC NRE FD Rates Scheme
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HDFC NRO FD Rates Scheme
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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:
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.
Rates are effective as on 4th April 2023.
HDFC NRO FD Rates for Less Than 2 Crores
Rates are effective as on 4th April 2023.
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HDFC FCNR Rates
Rates are effective as of 4th April 2023.
HDFC NRE FD Rates for Deposits Above 2 Crores but Less Than 5 Crores
Rates are effective as on 4th April 2023.
HDFC NRO FD Rates for Deposits Above 2 Crores but Less Than 5 Crores
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).