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Fixed deposit comparison

HDFC Bank NRE Fixed Deposit vs HDFC Bank FCNR(B) Deposit

Compare HDFC Bank NRE Fixed Deposit and HDFC Bank FCNR(B) 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 HDFC Bank FCNR(B) 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
HDFC BankHDFC Bank FCNR(B) Deposit

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.

Cost / pricing
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.
Reviewed
September 10, 2026
Evidence
2 bank sources
Open product research
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bankingreference.info · Comparison research sheet

HDFC Bank NRE Fixed Deposit vs HDFC Bank FCNR(B) Deposit

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

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.

HDFC Bank FCNR(B) Deposit

NRI / PIO / OCI eligibility
Eligible NRI/PIO customers under HDFC Bank FCNR and KYC rules.
Currency / amount / tenure
Tenure is generally 1 to 5 years under FCNR rules; supported currencies are USD, GBP, EUR, JPY, AUD, CAD and SGD.
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.

HDFC 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.
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.

HDFC Bank FCNR(B) Deposit

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.
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.
Other maintained comparisons for HDFC Bank NRE Fixed DepositOther maintained comparisons for HDFC Bank FCNR(B) Deposit
Exact terms

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Banking product terms side by side for HDFC Bank NRE Fixed Deposit and HDFC Bank FCNR(B) Deposit
Decision factorHDFC Bank NRE Fixed DepositHDFC Bank FCNR(B) 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.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.
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.Tenure is generally 1 to 5 years under FCNR rules; supported currencies are USD, GBP, EUR, JPY, AUD, CAD and SGD.
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.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.
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 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.
NRI / PIO / OCI eligibilityEligible Non-Resident Indians and Persons of Indian Origin under HDFC Bank NRE deposit/KYC rules.Eligible NRI/PIO customers under HDFC Bank FCNR and 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.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.
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.
HDFC Bank

HDFC Bank FCNR(B) Deposit

  • Never compare an FCNR USD/GBP rate directly with an INR FD rate as if the currencies were identical.
  • HDFC’s special 3–5-year lock-in applied to deposits booked from 10 June to 31 August 2026; that booking window is now past.
  • Currency availability and auto-renewal treatment can vary by currency/tenure.
Research tools

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Independent source state

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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

HDFC Bank FCNR(B) Deposit

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

  1. Issuer product pagehttps://www.hdfc.bank.in/nri-banking/fixed-deposit-foreign-currency-account/fcnr-deposit
  2. Issuer product pagehttps://www.hdfc.bank.in/nri-banking/fixed-deposit-foreign-currency-account/fcnr-deposit/rates