• Attractive interest rates
• Flexible tenors
• Multiple currencies
• Automatic renewal

Offshore deposit can be opened by:

Individuals:  

• Non Resident Indians  
• Individuals in other countries (Foreign nationals) #
• Corporates / Partnership Firms
• Joint account holders

Minors  

Where the individual is a minor (persons below 18 years of age), a Call or Savings Account may only be opened if this is a joint account on a joint basis with another individual that is not a minor.

i. Individuals

• Account opening form
• Photocopy of passport
• Photocopy of valid visa / work permit / residence card
• Address proof
• Electricity bill
• Telephone bill
• Bank account statement
• Valid Identity card
• Government Issued for Self-employed and Salaried
• Issued by company for salaried
• One Photograph
• All documents are required to be self-attested by you. Any identity card should be valid and in case of bank statements/bills, they should not be more than 3 months old.

ii. Corporates

• Board resolution authorising the opening of account with HDFC Bank-Singapore Branch
• Certificate of Incorporation or registration (or similar document) (certified copy)
• Memorandum and Articles of Association or other constitutive document (certified copy)
• Licence or registration certificate from any other relevant regulatory authority (certified copy)  
• Certificate of Good Standing (or similar document)
• Audited annual accounts for the past two years
• Documents confirming signature authority for accounting opening and operating signatories (Resolutions by the Shareholders or the Board, Power of Attorney (certified copy)
• Passport copy of each authorised signatory (certified copy)
• National identity of each authorised signatory (certified copy) or in case of bank statements / bills, they should not be more than 3 months old.
• List of principal beneficial owner(s) (persons or entities holding more than 5%, directly or indirectly, or having effective control over the company’s assets) and passport copy for each beneficial owner (certified copy)
• Proof of address of the Company – latest electricity bill (certified copy)
• Photograph of authorized signatories

iii. Existing customers of HDFC Bank India and other geographies are considered as new customers for HDFC Bank Singapore; hence submission of all documents listed above are required.

iv. Existing customers of HDFC Bank Singapore branch, whom require other accounts/services are to submit duly filled account opening forms.

Interest Rates are subject to change on periodic basis, please refer to interest rate schedule for the latest interest rates. Interest will be paid on maturity only. For deposits of tenure more than 12 months, interest would be compounded annually. For deposits of tenure 12 months or less, interest would be calculated on a simple interest basis.

• United States Dollar (USD)
• Great Britain Pound (GBP)
• Euro (EUR)
• Japanese Yen (JPY)

Multiple tenors varying from 7 days to 5 years are available.

Foreign currency cheque /draft from your account held in other banks

Telegraphic / SWIFT transfers by debit to your account held in other banks

In case you are an NRI, then funds transfer from your existing NRE and FCNR account in India

Transfer to an investment product offered by HDFC Bank Singapore

SWIFT transfer to a NRE/FCNR account maintained with HDFC Bank, India

SWIFT transfer to your account with any other Bank

Partial withdrawal of term deposits are not allowed. You must break your deposit in full.

Yes. Switching of currencies is allowed only on the withdrawable deposit. Please refer to the terms and conditions for details on the same.

Premature withdrawal is not allowed for Non-withdrawable deposits. For withdrawable deposits, premature withdrawal is at the sole discretion of the Bank. Please refer to the terms and conditions of HDFC Bank Singapore for premature withdrawal charges.

Taxation laws applicable as per Singapore law.