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Fixed deposit comparison

HDFC Bank NRE Fixed Deposit vs Axis Bank NRE Rupee Deposit

Compare HDFC Bank NRE Fixed Deposit and Axis Bank NRE Rupee Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.

Fixed deposit comparison

HDFC Bank NRE Fixed Deposit vs Axis Bank NRE Rupee Deposit

Compare the two source-backed records without collapsing unlike conditions into a winner score.

Latest underlying reviewSeptember 10, 2026
HDFC BankHDFC Bank NRE Fixed Deposit

NRIs/PIOs who want to convert eligible overseas funds into an INR term deposit while preserving full repatriability and NRE tax treatment.

Cost / pricing
For deposits below ₹3 crore, the reviewed Domestic/NRO/NRE schedule effective 19 August 2026 pays 6.25% at 1 year, 6.45% around the 18-month-to-3-year bands and 6.50% in the 3-year-1-day to under-4-year-7-month band. Senior-citizen additions do not apply to NRIs.
Reviewed
September 10, 2026
Evidence
3 bank sources
Open product research
Axis BankAxis Bank NRE Rupee Deposit

Axis NRI customers who want an INR term deposit with full NRE repatriability and access to current Axis NRI deposit rates.

Cost / pricing
Axis’s current NRI Fixed Deposit schedule is effective 8 September 2026; the public rate page highlights 6.25% for 1 year to 1 year 10 days and 6.50% for the 18-month-to-under-2-year band below ₹3 crore.
Reviewed
September 10, 2026
Evidence
2 bank sources
Open product research
Compare like with likeThese records share the same product type.
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bankingreference.info · Comparison research sheet

HDFC Bank NRE Fixed Deposit vs Axis Bank NRE Rupee Deposit

Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/hdfc-nre-fixed-deposit-vs-axis-nre-rupee-deposit/

General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.

Decision checkpoints

Answer the questions that can actually change the choice.

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.

01Are you comparing the same customer, amount and tenure?Start with the eligible customer or relationship and any balance, funding or tenure requirement.

HDFC Bank NRE Fixed Deposit

NRI / PIO / OCI eligibility
Eligible Non-Resident Indians and Persons of Indian Origin under HDFC Bank NRE deposit/KYC rules.
Currency / amount / tenure
Minimum tenure is 1 year and maximum tenure is 10 years; applicable amount band and the live booking rate control the contracted return.

Axis Bank NRE Rupee Deposit

NRI / PIO / OCI eligibility
Eligible NRI/PIO/OCI customers under Axis NRE deposit/KYC rules.
Currency / amount / tenure
NRE deposits must run at least 12 months to earn interest and can be booked within Axis’s current NRI term-deposit tenure rules.
02Which dated rate schedule applies to that deposit?Match the customer category, currency, amount, tenure and effective date before comparing quoted rates. No return is calculated here.

HDFC Bank NRE Fixed Deposit

Current rate evidence
For deposits below ₹3 crore, the reviewed Domestic/NRO/NRE schedule effective 19 August 2026 pays 6.25% at 1 year, 6.45% around the 18-month-to-3-year bands and 6.50% in the 3-year-1-day to under-4-year-7-month band. Senior-citizen additions do not apply to NRIs.

Axis Bank NRE Rupee Deposit

Current rate evidence
Axis’s current NRI Fixed Deposit schedule is effective 8 September 2026; the public rate page highlights 6.25% for 1 year to 1 year 10 days and 6.50% for the 18-month-to-under-2-year band below ₹3 crore.
03What happens if you need the money before maturity?Read the full liquidity and relationship conditions, including any recorded early-exit or payment restrictions.

HDFC Bank NRE Fixed Deposit

Premature withdrawal / liquidity
No interest is paid if the NRE deposit is broken before completing 1 year. Premature-closure pricing after the minimum tenure follows the bank’s current term-deposit rules.
Deposit-state / funding rule
The NRE account state determines permissible funding, tax treatment and repatriability; the rate applicable when HDFC receives the funds controls the booking.

Axis Bank NRE Rupee Deposit

Premature withdrawal / liquidity
No interest is paid if broken before 12 months. NRO funds cannot be used to create an NRE/FCNR deposit under the reviewed product FAQ.
Deposit-state / funding rule
Permissible NRE funding and booking date control the deposit; its INR rate is separate from FCNR foreign-currency pricing.
Other maintained comparisons for HDFC Bank NRE Fixed DepositOther maintained comparisons for Axis Bank NRE Rupee Deposit
Exact terms

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Banking product terms side by side for HDFC Bank NRE Fixed Deposit and Axis Bank NRE Rupee Deposit
Decision factorHDFC Bank NRE Fixed DepositAxis Bank NRE Rupee Deposit
Current rate evidenceFor deposits below ₹3 crore, the reviewed Domestic/NRO/NRE schedule effective 19 August 2026 pays 6.25% at 1 year, 6.45% around the 18-month-to-3-year bands and 6.50% in the 3-year-1-day to under-4-year-7-month band. Senior-citizen additions do not apply to NRIs.Axis’s current NRI Fixed Deposit schedule is effective 8 September 2026; the public rate page highlights 6.25% for 1 year to 1 year 10 days and 6.50% for the 18-month-to-under-2-year band below ₹3 crore.
Currency / amount / tenureMinimum tenure is 1 year and maximum tenure is 10 years; applicable amount band and the live booking rate control the contracted return.NRE deposits must run at least 12 months to earn interest and can be booked within Axis’s current NRI term-deposit tenure rules.
Tax / repatriation / payoutPrincipal and interest are fully repatriable; interest is tax-exempt in India under current NRE treatment; joint holding and overdraft/loan facilities are available subject to product rules.Interest is tax-exempt in India under current NRE treatment; principal and interest are fully repatriable; loan/overdraft and nomination are available subject to terms.
Premature withdrawal / liquidityNo interest is paid if the NRE deposit is broken before completing 1 year. Premature-closure pricing after the minimum tenure follows the bank’s current term-deposit rules.No interest is paid if broken before 12 months. NRO funds cannot be used to create an NRE/FCNR deposit under the reviewed product FAQ.
NRI / PIO / OCI eligibilityEligible Non-Resident Indians and Persons of Indian Origin under HDFC Bank NRE deposit/KYC rules.Eligible NRI/PIO/OCI customers under Axis NRE deposit/KYC rules.
Deposit-state / funding ruleThe NRE account state determines permissible funding, tax treatment and repatriability; the rate applicable when HDFC receives the funds controls the booking.Permissible NRE funding and booking date control the deposit; its INR rate is separate from FCNR foreign-currency pricing.
Tenure-by-tenure rates

Compare only the tenure anchors both banks actually publish.

These are nominal annual rates from the reviewed first-party schedules. Effective dates can differ, and no universal winner is inferred from one tenure.

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Shared deposit tenure rates for HDFC Bank NRE Fixed Deposit and Axis Bank NRE Rupee Deposit
TenureHDFC Bank NRE Fixed DepositAxis Bank NRE Rupee Deposit
1 year6.25%6.25%
18 months6.45%6.50%

HDFC Bank NRE Fixed Deposit

Schedule reference: August 19, 2026. HDFC Domestic/NRO/NRE callable fixed-deposit schedule below ₹3 crore effective 19 August 2026; NRI senior additions excluded.

Axis Bank NRE Rupee Deposit

Schedule reference: September 8, 2026. Axis NRI Fixed Deposit public key-rate table effective 8 September 2026; only explicitly rendered NRE anchors stored.

Wrong-fit risks

Keep each product’s cautions beside the product.

A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.

HDFC Bank

HDFC Bank NRE Fixed Deposit

  • Do not apply the resident senior-citizen rate column to an NRE deposit.
  • Breaking the deposit before one year means no interest.
  • The INR return does not remove exchange-rate risk when money is converted into or out of rupees.
Axis Bank

Axis Bank NRE Rupee Deposit

  • The current Axis rate page exposes only selected key NRE tenures in HTML, so the engine stores only those explicit anchors rather than reconstructing the full table.
  • No interest before one year.
  • Senior resident rates are not an NRE rate.
Research tools

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These tools help narrow or inspect the records. They do not replace bank eligibility, live pricing or account-specific controls.

Independent source state

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One side's source depth or freshness never fills a gap in the other record.

MethodologyResearch statusMore banking comparisons

First-party source appendix

These are the exact source URLs already attached to the two research records. Re-open the controlling documents before relying on a fee, rate, limit, eligibility rule or benefit.

HDFC Bank NRE Fixed Deposit

Reviewed September 10, 2026 · 3 attached first-party sources

  1. Issuer product pagehttps://www.hdfc.bank.in/nri-banking/fixed-deposit-rupee-account/nre-fixed-deposit
  2. Issuer product pagehttps://www.hdfc.bank.in/nri-banking/fixed-deposit-rupee-account/nre-fixed-deposit/rates
  3. Issuer product pagehttps://www.hdfc.bank.in/interest-rates

Axis Bank NRE Rupee Deposit

Reviewed September 10, 2026 · 2 attached first-party sources

  1. Issuer product pagehttps://www.axis.bank.in/nri/nri-deposits/nre-rupee-deposit
  2. Issuer product pagehttps://www.axis.bank.in/deposits/fixed-deposits/fd-interest-rates