NRI savings accounts offer higher interest rates than standard savings accounts. The HDFC NRI savings account interest rate for NRE (Non-Resident External) savings accounts is 3.00% per annum. However, the market and the bank's policies could affect this interest rate.
The rate 3% is for balances under Rs 50 lakh.
However, the interest rate is 3.50% per annum for balances of Rs 50 lakh and above.
RFC Savings (for Returning NRIs) interest rate is 0.01% for GBP and USD. This interest is completely tax free in India and can be fully repatriated, meaning the account holder can transfer both principal and interest to their foreign accounts without restrictions.
For NRO (Non-Resident Ordinary) savings accounts, which are used for managing income earned in India (such as rent, pension, or dividends), the same interest rates apply, but the interest is taxable.
HDFC offers additional benefits for both account types, including online fund transfers, bill payments, and the ability to appoint a mandate holder to manage the account within India
This is all about the HDFC Bank NRI savings account interest rate.
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What is HDFC NRI Savings Account Interest Rate?
Hanu
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2024-10-23T09:46:51+00:00 2024-10-23T09:46:51+00:00Comment
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