Time Deposit

HDFC Bank Hong Kong offers you Time Deposits - flexible tenures and attractive interest rates. With the multiple advantage of being able to invest in 4 major currencies, you can renew the deposit automatically with added security and flexibility.

Features You Need And Deserve

Competitive Interest Rates

  • We offer you the most competitive rates in the market. The rates can be selected as per your convenience - fixed or floating. Please click here for the latest interest rates.
Card Management & Controls 

Investment Choice Of 4 Major Currencies

  • Time Deposits can be opened in 4 major currencies of the world namely - US Dollar, Hong Kong Dollar, Great Britain Pound & Euro.
Fees & Charges

Flexible Tenors

  • HDFC Bank HongKong offers you flexibility in the tenors. The tenors range from 7 days to 5 years.
Card Reward and Redemption Program

Automatic Renewal

  • You need not send the maturity instructions each time. The deposit is renewed automatically without any hassles or inconvenience to you.
Additional Features

Flexibility In Switching Currencies

  • You can even switch the currency of your original deposit to any of the other currencies offered any time during your deposit period.
Contactless Payment

Eligibility Check

  • Time Deposits can be opened by individuals, corporates and other entities. A Time Deposit can also be opened jointly. Individuals could be:
  • Non Resident Indians.
  • Hong Kong Residents.
  • Individuals of other countries (foreign nationals)*.
  • * Client is required to verify the local applicable rules and regulations.
Offshore Deposits

Time Deposit Rates

HKD
Tenure Upto 5 million 5 million to 50 million
1 Month 2.25% 2.20%
2 Months 2.40% 2.35%
3 Months 2.50% 2.45%
6 Months 2.50% 2.45%
9 Months 2.50% 2.45%
1 Year 2.50% 2.45%
18 Months 2.00% 1.95%
2 years ** **
3 years ** **
4 years ** **
5 years ** **
USD
Tenure Upto 5 million 5 million to 20 million
1 Month 3.60% 3.70%
2 Months 3.65% 3.75%
3 Months 3.65% 3.75%
6 Months 3.55% 3.65%
9 Months 3.50% 3.60%
1 year 3.40% 3.50%
18 Months 3.15% 3.10%
2 years 2.90% **
3 years 2.50% **
4 years 2.25% **
5 years 2.10% **
Euro
Tenure Upto 4 million 4 million to 16 million
1 Month 1.70% **
2 Months 1.75% **
3 Months 1.80% **
6 Months 1.75% **
9 Months 1.75% **
12 Months 1.75% **
18 months 1.60% **
2 Years 1.45% **
3 Years 1.15% **
4 Years 0.95% **
5 Years 0.85% **
GBP
Tenure Upto 5 million Upto 20 million
1 Month 3.50% **
2 Months 3.55% **
3 Months 3.55% **
6 Months 3.50% **
9 Months 3.45% **
12 Months 3.35% **
18 months 3.15% **
2 Years 2.95% **
3 Years 2.55% **
4 Years 2.30% **
5 Years 2.10% **

** will be decided by Treasury on case to case basis, All interest rates are on per annum basis.

The above rates are only for individual customers. For deposits of any higher amount and corporate deposits     
please contact us at + 852 3107-2970 / 2971 / 2972.   

Products and services described herein are not available to all persons in all geographic locations. Persons are required to ensure that they are aware of and observe all relevant restrictions that apply to them and are responsible for satisfying themselves that they may do so under the laws or the jurisdiction applicable to them.

The information contained herein is for general information only without warranty of any kind and may be changed at any time without prior notice.

No information contained herein should be regarded as an offer to sell, to subscribe to, or provide any recommendation.

To the extent permitted by applicable law, the Bank disclaims liability for any error, omissions or inaccuracies in the information and material provided and for any loss or damages incidental or consequential, resulting from its use or inability to use by any party, or in connection with any error, interruption,delay in operation etc.

Please refer to relevant terms and conditions. The Bank reserves the right to suspend, vary or discontinue any promotional offers and services of any any time without further notice. The Bank also reserves the right to revise any interest rate, fees and charges from time to time subject to Bank's notice for any such variance. In case of any dispute, the decision of the Bank shall be final.

Frequently Asked Questions

Features:

  • Attractive interest rates

  • No tax deduction at source

  • Automatic renewal

  • Fixed or floating rates

  • Switching of currency

  • Multiple currencies

  • Flexible tenors

HDFC Bank Limited, Hong Kong Branch is a member of the Deposit Protection Scheme in Hong Kong. Time Deposits (not exceeding 5 years) taken by the bank are protected by the scheme up to a limit of HK$800,000 per depositor. However, any structured / currency linked / equity linked deposits are not protected deposits and are not protected by the Deposit Protection Scheme in Hong Kong. Further information on Deposit Protection Scheme in Hong Kong can be found at www.dps.org.hk

 

Time Deposit can be opened by:

  • Individuals: Non resident Indians | Individuals in other countries (foreign nationals) #

  • Joint account holders

  • Corporates and other entities

#(Client is required to verify the local applicable rules and regulations)

Please refer to the Interest Rate schedule for latest Interest Rate. Interest payout for Time Deposit can be monthly, quarterly, semi annually or on maturity. For deposits of tenure more than 1 year, interest would be compounded annually. For deposits of tenure 1 year or less, interest would be calculated on a simple interest basis. If a Fixed Deposit matures on a non banking day for the Bank or the country of the deposit currency, the deposit shall mature on the next working day. However the interest on the deposit shall be paid till the original maturity date only.