'With HDFC Bank taking the lead in offering such a bespoke plan, other banks are expected to follow,' said a banker at an overseas lender.
Before that event later this week, HDFC Bank aims to tap the NRI pool of funds, market sources said, potentially prompting other leading banks to follow suit. The US central bank is widely expected to raise rates further to restrain inflation. The move comes just ahead of the US Federal Reserve's decision on interest rates. To be sure, overseas depositors cannot opt for premature withdrawal.
