HDFC NRE Interest Rates

Hello sir I would like to know about the interest rates given by HDFC Bank to NRE Fixed Deposit amount so please provide me information about the same.

NRE Fixed Deposits are maintained in Indian Rupees. Repatriate the principal and interest amount fully among the many other benefits.

Interest Rates

The deposit rates for NRE deposits will change from the first of every month.

Since the cap on NRE rates has been enforced by the Reserve Bank of India, no request for offering differential rates would be entertained
Interest rates are subject to change from time to time

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Applicable interest rates will be given as on the date of receipt of the funds by the Bank

Features & Benefits

Earn interest at higher rates than the Libor rate

Partial withdrawal of the deposits is allowed

Avail of Overdraft upto 90% of the deposit

Repatriate your complete deposit (principal and interest) at any time

Enjoy tax exemption from the entire deposit (principal and interest)

Depositing money to your account

To deposit money in your NRE Fixed Deposit, you can:

Transfer funds from abroad in a freely convertible foreign currency

Present foreign currency notes/travellers cheques brought in by you or another NRI during a visit to India

Transfer funds from an existing NRE/FCNR Account held in other Banks

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Answered By StudyChaCha Member