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Fixed deposit comparison

HDFC Bank NRE Fixed Deposit vs ICICI Bank NRE Fixed Deposit

Compare HDFC Bank NRE Fixed Deposit and ICICI Bank NRE Fixed 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 ICICI Bank NRE Fixed 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
ICICI BankICICI Bank NRE Fixed Deposit

NRIs/PIOs/OCIs who want an INR fixed return on eligible overseas funds with full NRE repatriability.

Cost / pricing
ICICI’s reviewed callable retail schedule effective 18 June 2026 reaches 6.50% in the 3-year-1-day to 10-year bands below ₹3 crore; senior-citizen additions do not apply to NRI deposits.
Reviewed
September 10, 2026
Evidence
3 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 ICICI Bank NRE Fixed Deposit

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

ICICI Bank NRE Fixed Deposit

NRI / PIO / OCI eligibility
Eligible NRIs, PIOs and OCIs under ICICI Bank NRI deposit/KYC rules.
Currency / amount / tenure
Minimum deposit is ₹25,000 for callable NRE/NRO fixed deposits; NRE tenure starts at 1 year and can extend to 10 years.
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.

ICICI Bank NRE Fixed Deposit

Current rate evidence
ICICI’s reviewed callable retail schedule effective 18 June 2026 reaches 6.50% in the 3-year-1-day to 10-year bands below ₹3 crore; senior-citizen additions do not apply to NRI deposits.
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.

ICICI Bank NRE Fixed Deposit

Premature withdrawal / liquidity
No interest is paid on NRE deposits withdrawn before 1 year. Callable premature withdrawal after the minimum period is subject to ICICI’s current tenure-based penalty schedule.
Deposit-state / funding rule
Fund source, NRE status and booking date determine the deposit treatment; the contracted rate is fixed for the selected tenure at booking.
Other maintained comparisons for HDFC Bank NRE Fixed DepositOther maintained comparisons for ICICI Bank NRE Fixed Deposit
Exact terms

Put the controlling banking fields side by side.

The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.

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Banking product terms side by side for HDFC Bank NRE Fixed Deposit and ICICI Bank NRE Fixed Deposit
Decision factorHDFC Bank NRE Fixed DepositICICI Bank NRE Fixed 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.ICICI’s reviewed callable retail schedule effective 18 June 2026 reaches 6.50% in the 3-year-1-day to 10-year bands below ₹3 crore; senior-citizen additions do not apply to NRI deposits.
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.Minimum deposit is ₹25,000 for callable NRE/NRO fixed deposits; NRE tenure starts at 1 year and can extend to 10 years.
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-free in India under NRE treatment; principal and interest are fully repatriable; monthly, quarterly or maturity payouts and eligible overdraft facilities are available.
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 on NRE deposits withdrawn before 1 year. Callable premature withdrawal after the minimum period is subject to ICICI’s current tenure-based penalty schedule.
NRI / PIO / OCI eligibilityEligible Non-Resident Indians and Persons of Indian Origin under HDFC Bank NRE deposit/KYC rules.Eligible NRIs, PIOs and OCIs under ICICI Bank NRI 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.Fund source, NRE status and booking date determine the deposit treatment; the contracted rate is fixed for the selected tenure at booking.
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 ICICI Bank NRE Fixed Deposit
TenureHDFC Bank NRE Fixed DepositICICI Bank NRE Fixed Deposit
3 years6.45%6.45%
4 years6.50%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.

ICICI Bank NRE Fixed Deposit

Schedule reference: June 18, 2026. ICICI callable retail FD schedule effective 18 June 2026, applied to NRI deposits without resident senior additions.

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.
ICICI Bank

ICICI Bank NRE Fixed Deposit

  • NRI deposits do not receive the resident senior-citizen rate addition.
  • Premature withdrawal can reduce the realised rate.
  • NRE tax treatment applies only while the deposit/account remains eligible under current law.
Research tools

Continue from the pair into exact product-level research.

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

Independent source state

Verify each product from its own bank evidence.

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

ICICI Bank NRE Fixed Deposit

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

  1. Issuer product pagehttps://www.icici.bank.in/nri-banking/deposits/fixed-deposit
  2. Issuer product pagehttps://www.icici.bank.in/personal-banking/deposits/fixed-deposit/fd-interest-rates
  3. Issuer product pagehttps://www.icici.bank.in/nri-banking/deposits/fixed-deposit/fixed-deposit-faqs