HYDonline - HDFC - NRI Accounts

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HDFC - NRI Accounts

Types of schemes available for NRI's

Non Resident Ordinary (NRO) accounts
Non Resident Special Rupee (NRSR) accounts
Non Resident Non Repatriable (NRNR) Fixed Deposits
Non Resident External (NRE) rupee accounts
Foreign Currency Non Resident (FCNR) Accounts

	NRO	NRSR	NRNR	NRE	FCNR
Types of Accounts	Savings (S/B) Current (CA) Fixed Deposit (FD)	SB/CA/FD	FD only. 6 months to 3 years	SB/CA/FD	FD 1 year to 3 years
Currency in which maintained	Indian Rupees (INR)	INR	INR	INR	Foreign Currency US$, GBP, JPY, DEM, EURO
Joint Account With	Resident (R) / Non-Resident (NR)	R/NR	R/NR	Non-Resident Only	Non-Resident Only
Initial Deposit	FC/FCTC/FIR/ Transfer from Existing NRE/FCNR/ Existing Accounts Redesignated	FC/FCTC/FIR/ Transfer from Existing NRE/FCNR/ Existing Accounts Redesignated	FC/FCTC/FIR/ Transfer from Existing NRE/FCNR Accounts	FC/FCTC/FIR/ Transfer from Existing NRE/FCNR Accounts	FC/FCTC/FIR/ Transfer from Existing NRE/FCNR Accounts
Credits	Same as Intial Deposit / Legitimate Dues of the Account Holder	Same as Initial Deposit	Not Applicable (Fixed Deposit)	Same as Initial Deposit	Not Applicable (Fixed Deposit)
Debits	All Local Payments in Indian Rupees	All Local Payments in Indian Rupees	Not Applicable (Fixed Deposit)	Local Payments / Remittances Abroad / Investments	Not Applicable (Fixed Deposit)
Repatriation	Interest Only	Not Allowed	Interest Only	Full & Free	Full & Free
Nomination Facility	Yes	Yes	Yes	Yes	Yes

Note :

FIR - Foreign Inward Remittance
FC - Foreign Currency
FCTC - Foreign Currency Traveler's Cheque

Accounts

SB - Savings bank account
CA - Current Account
FD - Fixed Deposit

Currencies

INR - Indian Rupees
GBP - Great Britain Pounds
JPY - Japanese Yen
DEM - Deutsch Mark

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