Fixed Deposits

FEATURES

ELIGIBILITY

INTEREST RATE

Investment choice in multiple currencies - The deposit can be opened in any of the following currencies - USD, GBP, EUR and SGD.
For SGD Deposits, minimum amount is SGD 250,000/- (Two Hundred and Fifty Thousand Only).

 

Flexible Tenors - HDFC Bank Singapore offers you flexibility in the tenors. The tenors range from 7 days to 5 years. 

 

Note:
Currency Deposits (both Singapore Currency and other Foreign Currencies), Dual Currency investments, Structured Deposits and other investment products are not insured by SDIC.

Deposits can be opened by individuals/joint account holders and corporates.

 

Individuals could be:

  • Non-Resident Indians

  • Individuals of other countries (Foreign nationals)#

##The client/s must ensure compliance with local guidelines and regulations regarding investments in offshore products.

 

Funding your account:

  • Foreign currency cheque/draft from other banks.
  • Remittance/Telegraphic/SWIFT transfers from other banks.
  • Redemption proceeds of your investments with other financial institutions.
  • In case you are an NRI, then funds transfer from your existing NRE and FCNR account in India.

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 or on payout basis. 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. 

 

Please click here to know more about the interest rates. 

For more information, you can reach us at +65 62026870 or alternatively you can write in to us at sg.customerservice@hdfc.bank.in