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Old October 11th, 2017, 10:41 AM
Educhamp
Super Moderator
 
Join Date: May 2011
Default Re: FCNR Rates HDFC Bank

With this account not only will you grow your foreign currency securely by protecting it against exchange rate fluctuation but also earn interest at Indian rates.

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 Super Saver facility to get an overdraft on your NRO Savings / Current account against your FCNR Fixed Deposit
Avail of the nomination facility

Eligibility Criteria
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.

Deposit

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 minimum 1 year and a maximum of 5 years

Interest Rates
Period GBP USD Euro JPY AUD CAD Effective From
1 Yr to < 2 Yrs 1.02% 2.30% 0.09% 0.21% 2.73% 2.01% September 1, 2017
2 Yrs to < 3 Yrs 0.01% 0.72% 0.01% 0.01% 1.28% 0.50% September 1, 2017
3 Yrs to < 4 Yrs 0.01% 0.68% 0.01% 0.01% 1.34% 0.54% September 1, 2017
4 Yrs to < 5 Yrs 0.01% 0.62% 0.01% 0.01% 1.32% 0.48% September 1, 2017
5 Yrs only 0.01% 0.45% 0.01% 0.01% 1.27% 0.39%

For more information you may Visit the Nearest branch of the HDFC Bank
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