Why choose our NRE Fixed Deposit Account?
With our NRE Fixed Deposit Account, you can save your earnings from abroad tax-free[@nri-tax] in India for a time period that you get to choose.
- Earn tax-free interest at a higher rate than you'd get from a typical savings account
- Choose a fixed tenure from 1 to 5 years, with the option to auto-renew[@nri-deposit-auto-renewal]
- No limit on transfers once your deposit matures, as the account balance is fully repatriable
- Manage your account in app, online, in branch and by phone
- Get started with as little as INR25,000
The foreign currency you deposit will be converted into Indian rupees at the prevailing exchange rate[@nri-fx-rates].
Interest rates
| Tenure | Board rate (for deposits below INR3 crore) |
|---|---|
| 365 days | 4.00% |
| 366 to 399 days | 4.00% |
| 400 days | 4.25% |
| 401 days to less than 18 months | 5.30% |
| 18 months to 599 days | 4.30% |
| 600 days | 4.30% |
| 601 to 699 days | 5.50% |
| 700 days | 4.30% |
| 701 to 730 days | 4.30% |
| 731 days | 4.30% |
| 732 days to less than 36 months | 5.35% |
| 36 months to less than 37 months | 5.35% |
| 37 months to less than 48 months | 5.45% |
| 48 to 60 months | 5.50% |
| Tenure | 365 days |
|---|---|
| Board rate (for deposits below INR3 crore) | 4.00% |
| Tenure | 366 to 399 days |
| Board rate (for deposits below INR3 crore) | 4.00% |
| Tenure | 400 days |
| Board rate (for deposits below INR3 crore) | 4.25% |
| Tenure | 401 days to less than 18 months |
| Board rate (for deposits below INR3 crore) | 5.30% |
| Tenure | 18 months to 599 days |
| Board rate (for deposits below INR3 crore) | 4.30% |
| Tenure | 600 days |
| Board rate (for deposits below INR3 crore) | 4.30% |
| Tenure | 601 to 699 days |
| Board rate (for deposits below INR3 crore) | 5.50% |
| Tenure | 700 days |
| Board rate (for deposits below INR3 crore) | 4.30% |
| Tenure | 701 to 730 days |
| Board rate (for deposits below INR3 crore) | 4.30% |
| Tenure | 731 days |
| Board rate (for deposits below INR3 crore) | 4.30% |
| Tenure | 732 days to less than 36 months |
| Board rate (for deposits below INR3 crore) | 5.35% |
| Tenure | 36 months to less than 37 months |
| Board rate (for deposits below INR3 crore) | 5.35% |
| Tenure | 37 months to less than 48 months |
| Board rate (for deposits below INR3 crore) | 5.45% |
| Tenure | 48 to 60 months |
| Board rate (for deposits below INR3 crore) | 5.50% |
You can choose to receive your interest either when your account matures, or every quarter directly into your HSBC NRE account.
Please note: a tenure of 1 year/12 months is equivalent to 365 days.
Interest rates are subject to change from time to time, and may be made without notice. Any fixed deposit rate changes come into force at 10:00am on the day of rate change. All fixed deposits booked before the system execution time on the day of rate change shall be updated with the applicable rate of interest.
These rates came into effect on 17 July 2025.
Things to know before you apply
Who can apply for an NRE Fixed Deposit Account?
To apply for an NRE Fixed Deposit Account, you must be a non-resident Indian (NRI), a person of Indian origin (POI), an overseas citizen of India (OCI) or a seafarer employed with foreign vessels.
Additional eligibility criteria may apply.
Ready to apply for an NRE Fixed Deposit Account?
Get an immediate callback
Get a callback straight away and your account could be open in just 4 hours from the moment you submit your documents.
Apply via online banking
Already have an NRE savings/current account with us? You can open an NRE Fixed Deposit Account through online banking if you want to deposit less than INR1 crore[@fixed-deposits-below-1crore].