Accounts and Deposits for Gift city

Accounts and Deposits for Gift city

Offshore Deposits

Offshore fixed deposits that let you choose the tenure from 1 month to 5 years as per your convenience
  • Competitive Interest rates: We offer you the most competitive rates in the market. Please click here for the latest interest rates.
  • Investment choice of 4 major currencies The offshore deposit can be opened in 3 major currencies of the world, namely United States Dollar, Great Britain Pound, Euro & Australian Dollar
  • Flexible Tenors HDFC Bank Bahrain offers you flexibility in the tenors. The tenors range from 1 month to 5 years
  • Automatic renewal You need not send the maturity instructions each time. The deposit is renewed automatically without any hassle or inconvenience to you.
  • 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.

Call Account

An account that lets you or your corporates place funds in various Bahrain Branch offered products & services.
  • Zero balance account
  • No minimum amount required to be deposited at the time of opening the account.
  • Anytime withdrawal allowed: Funds are available on call and can be withdrawan anytime as maybe required.
  • Multiple currencies: Investments possible in 3 major currencies namely USD, GBP and EURO.

Accounts and Deposits FAQs

Can individuals open an account in GIFT City?

Yes, they can. Non-Resident Indians (NRIs) and foreign nationals can open Offshore Accounts & Deposits for GIFT City in India.

What is an Offshore Deposit Account?

An Offshore Deposit allows you to park denominations of four major currencies including USD, GBP, EUR and AUD for a fixed tenure. Such deposits come with a tenure up to five years, and you can earn interest at competitive rates. The bank also offers a Loan against the Offshore Deposits for up to three years at attractive interest rates.

Which banks are enlisted with GIFT City?

Over 22 banks have been licensed to operate in GIFT City. The list of licensed banks includes both domestic and global banks.

How do I open an account with a GIFT City Bank?

To open an Offshore Deposit or Call Account with HDFC Bank, you need to fill out the online lead form. Enter your name, mobile number and email address and select your city. Click on submit and wait for an HDFC Bank executive to get in touch with you. They will guide you through the account opening process.

What are the interest rates offered for Offshore Deposits & Accounts?

You can view the list of interest rates here.

What is the minimum amount required for Deposits for GIFT City?

You are not required to maintain a minimum balance for Call Accounts as they are zero-balance accounts. However, in case of Offshore Deposits, you must invest a minimum amount as follows:

  • For USD: USD 5,000

  • For GBP: GBP 5,000

  • For EUR: EUR 5,000

  • For AUD: AUD 5,000