Compare HDFC Bank FCNR(B) Deposit and Federal Bank FCNR(B) Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
NRIs who want a bank term deposit without converting the principal into INR and whose home/earning currency matches one of HDFC’s supported FCNR currencies.
Federal Bank NRI customers who want foreign-currency term deposits and are prepared to compare the exact currency, amount band and whether a temporary/special scheme applies.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/hdfc-fcnr-b-deposit-vs-federal-fcnr-b-deposit/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.
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| Decision factor | HDFC Bank FCNR(B) Deposit | Federal Bank FCNR(B) Deposit |
|---|---|---|
| Current rate evidence | Rates are currency- and tenure-specific. The reviewed schedule effective 1 September 2026 ranges, for example, from 3.80% USD and 3.75% GBP at 1 year to under 2 years, with different rates for EUR, JPY, AUD, CAD and SGD. | Federal publishes a currency-specific FCNR(B) schedule effective 16 June 2026 and separate high-value/special pricing. Because some 3–5-year USD figures are tied to the temporary FCNR Max/RBI swap facility, the engine does not flatten them into an ordinary evergreen FCNR rate table. |
| Currency / amount / tenure | Tenure is generally 1 to 5 years under FCNR rules; supported currencies are USD, GBP, EUR, JPY, AUD, CAD and SGD. | FCNR(B) is available in multiple currencies including USD, GBP, EUR, JPY, CAD, AUD, CHF, NZD, SGD and HKD; ordinary tenure is 1 to 5 years under current FCNR rules. |
| Tax / repatriation / payout | Principal and interest are fully repatriable; interest is tax-exempt in India under current FCNR treatment; keeping the deposit in foreign currency removes INR conversion risk on the deposit principal. | Principal and interest are fully repatriable and interest is tax-exempt in India while eligible NRI status continues; foreign-currency denomination avoids INR conversion of the deposit principal. |
| Premature withdrawal / liquidity | No interest is paid if withdrawn before completing one year. For ordinary current FCNR deposits, premature interest is recalculated using the booked-date rate applicable to the actual period; HDFC currently states no penalty on ordinary premature FCNR closure. | No interest is payable before one year. Special FCNR Max deposits under the current RBI-linked window can carry a mandatory one-year lock-in and separate penalty terms; ordinary/high-value amount bands also have separate treasury pricing. |
| NRI / PIO / OCI eligibility | Eligible NRI/PIO customers under HDFC Bank FCNR and KYC rules. | Eligible NRI customers under Federal Bank FCNR/KYC rules. |
| Deposit-state / funding rule | FCNR is a foreign-currency term-deposit state, not an INR NRE/NRO rate variant. Compare the chosen currency’s own rate curve and tenure. | Rate selection requires currency + amount band + ordinary versus special-scheme status; the engine refuses to merge the temporary FCNR Max curve with ordinary FCNR pricing. |
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Reviewed September 10, 2026 · 2 attached first-party sources
Reviewed September 10, 2026 · 2 attached first-party sources