The deduction can be recovered from the saving/current/ demand deposit account. Interest income on the deposit is subject to TDS (Tax Deducted at Source) at 30% plus applicable surcharge and cess.

Tax Deduction on HDFC NRO FD Interest Rate

Valid Visa (resident or permit visa, work visa or dependent visa).

Passport (photocopy to be submitted, original for verification).

Indian government personnel with diplomatic passports.

Persons of Indian Origin/ Overseas Citizens of India.

Name a nominee for your NRO Fixed Deposit.

In case of jointly held with resident Indians the mode of operation will be ” former or survivor”.Open an HDFC NRO FD jointly with a resident Indian or NRI.The interest earned on the deposit is fully repatriable.Depositors can enjoy an overdraft facility of up to 90% of the deposit.You will be entitled for interest if you have held it for over 7 days. In case of premature closure of HDFC NRO Fixed Deposit, interest rate will be 1% below the predetermined rate or rate applicable for the period during which the deposit remained with the bank, whichever is lower.

Flexible deposit tenure from 7 days to 10 years.

Interest can be credited in your account on a monthly, quarterly basis or at maturity of the deposit.

Convenience of booking NRO Fixed deposit through Netbanking.

Transfer money from an existing NRE/ NRO account with a bank in India to open NRO deposits.

25,000, and you can book add-on deposits in multiples of Rs.

The minimum amount for initial HDFC NRO fixed deposit is Rs.

NRO fixed deposit is an easy investment with attractive interest rates.

Features and Benefits of HDFC NRO Fixed Deposits Note: All the interest rates mentioned above are subject to change without prior notice.

Hdfc fixed deposit rates nri