The applicant needs to be a Non-Resident Indian, or.To open an HDFC NRO account, you need to meet the following two simple criteria: Eligibility Criteria for HDFC NRO Account Therefore, if you are a Person of Indian Origin (POI) or an NRI, investing in an HDFC NRO FD scheme could be a wise choice. HDFC NRO accounts also render an overdraft facility on its fixed deposits scheme. Plus, it also provides a flexible term, allowing applicants to choose an investment term from 7 days to 10 years. The scheme offers an attractive interest rate ranging from 2.75% to 6.10%. An HDFC NRO fixed deposits scheme is a fixed deposit scheme tailored specifically for non-resident Indians who want to earn returns on their Indian money.
