Explore the best NRI FDs

Find the best interest rates and FD types across all banks

GIFT City FDs are fixed deposits offered by banks operating in the Gujarat International Finance Tec-City (GIFT City), India's global financial hub. Regulated by the International Financial Services Centres Authority (IFSCA), these deposits offer competitive interest rates in foreign currencies with tax exemptions.

Popular banks

HDFC Bank

up to 4.75%

ICICI Bank

up to 4.85%

SBI Bank

up to 4.85%

Axis Bank

up to 4.90%

Top GIFT City FD rates

Updated by Belong on 10th March 2025

*Rates are sourced from official bank websites and may vary. Verify with banks before investing

USD

Under 3M

3M-1Y

1Y-3Y

Above 3Y

IDFC Bank

46D - 90D

5.00% p.a

USD

Federal bank

60D - 89D

4.95% p.a

USD

Federal bank

30D - 59D

4.9% p.a

USD

IDFC Bank

30D - 45D

4.90% p.a

USD

Canara Bank

1M - 3M

4.85% p.a

USD

IDBI Bank

2M - 3M

4.80% p.a

USD

Kotak Mahindra Bank

61D - 90D

4.70% p.a

USD

IDBI Bank

15D - 1M

4.70% p.a

USD

IDBI Bank

1M - 2M

4.70% p.a

USD

Federal bank

14D - 29D

4.65% p.a

USD

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Frequently asked questions

What is a GIFT City FD?

In which currencies can I invest in GIFT City FDs?

How is the interest income from GIFT City FDs taxed in India?

Are GIFT City FDs repatriable?

Can I withdraw my GIFT City FD before maturity?

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