NRE Recurring Deposit Rates - 2018 2019 MBA
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Old 5th April 2018, 11:21 PM
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Default NRE Recurring Deposit Rates

Hii sir, I Wants to get the NRE Recurring Deposit Account in the HDFC Bank Will you Please Provide It ?
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Old 5th April 2018, 11:21 PM
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Default Re: NRE Recurring Deposit Rates

About the HDFC Bank :
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has 84,325 employees and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is Indias largest private sector lender by assets.

The Features of the NRE Recurring Deposit is given below

Features

An investment as small as Rs. 1000 (and in multiples of Rs. 100 thereafter) or as large as Rs. 14, 99,900/- per month.

A minimum tenor of 12 months (and in multiples of 3 months thereafter) up to a maximum tenor of 10 years.

For a much smaller investment per month, get interest rates equal to that of regular fixed deposits.

Interest and principal is tax free in India and fully repatriable.

Grace Days Facility is 5 days. If the installment is paid within 5 days of the installment due date, the customer will not be charged any penalty.

Interest Rate :

Savings Bank balance Revised Rate w.e.f 19th August, 2017
Rs. 50 lakh and above 4%
Below Rs 50 lakh 3.50%
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