https://www.hdfcbank.com/nri-banking/save/deposits/fixed-deposit-foreign-currency-account/fcnr-deposits

Features

• Hold your deposit in any of the 6 foreign currencies - US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, Canadian Dollars
• Repatriate principal and interest amount fully
• Enjoy tax exemption on the entire deposit
• Open the deposit jointly with other NRIs
• Avail of the Super Saver facility to get an overdraft on your NRO Savings / Current account against your FCNR Fixed Deposit
• Avail of the nomination facility
• Minimum initial deposit - USD 1,000/-, GBP 2,500/-, Euro 2,500/-, JPY 7,50,000/-, AUD 1,000/-, CAD 1,000/-
• Minimum add-on deposit - USD 1,000/-, GBP 1,000/-, Euro 1,000/-, JPY 7,50,000/-, AUD 1,000/-, CAD 1,000/-
• Maintain the deposit for a tenor of a minimum 1 year and a maximum of 5 years

IMPORTANT UPDATE: Effective 1st JULY 2021 FCNR deposit for GBP, EURO & JPY currencies will be offered only for 1 Year tenure. Existing FCNR deposits booked under GBP, EURO & JPY currencies for the tenor 1 year 1 day to 5 years and which are due for auto-renewal will be auto-renewed for 1 year tenor by default.

Eligibility

You are eligible if you are a non-resident individual of Indian nationality or of Indian origin. The deposit can also be held jointly with other NRIs.

Rates

• Interest rates are subject to change from time to time
• To ensure you are seeing the updated page, we request you to clear your browser cache
• Applicable interest rates will be given as on the date of receipt of the funds by the Bank
• Interest rates displayed on a per annum basis

To Know More about current FCNR Fixed Deposits Rates, click here.