Start saving with ICICI Bank’s Recurring Deposits. Enjoy flexible tenure, attractive interest rates, and the convenience of managing your RD online. Open an RD today and achieve your financial goals!
Welcome to ICICI Bank's new Website! Simplified banking with easier Navigation.
How to get maximum benefits?
Get maximum interest
-
Flexible Tenures
Choose a tenure from 6 months to 10 years.
-
Goal-Based Savings
No penalties for missed payments with iWish.
In case of emergency
-
Attractive Returns
Benefit from high interest rates, identical to Fixed Deposits
-
Hassle-Free Setup
Open an RD easily via iMobile, Net Banking, or at branches.
Pick the right Recurring Deposit for you
-
Recurring Deposits
Regular savings with high interest rates
- Fixed monthly savings for growth
- Attractive interest rates are guaranteed
- Flexible tenures to match goals
- Automatic credit on maturity
-
iWish Goal-Based Savings
Achieving big dreams with small contributions
- Flexible contributions, no fixed amounts
- No penalty on missed deposits
- Attractive and assured interest rates
You get
what you see
When you bank with us, you can trust in complete transparency with no hidden costs or charges
Features of ICICI Bank Recurring Deposits
-
Minimum Balance
Start saving with just ₹500 per month and increase your deposit in multiples of ₹100.
-
Flexible Tenures
Minimum tenure: 6 months
Maximum tenure: 10 years
Increase your investment tenure in multiples of 3 months.
-
Nomination Facility
Easily assign a single nominee for your RD account. Submit a nomination form as per the Banking Companies (Nomination Rules), 1985, at your nearest ICICI Bank branch.
-
Other Benefits
Earn interest at attractive rates, similar to fixed deposits.
Tax Deduction at Source (TDS) applicable on accrued interest as per law.
Things you’ll need
to apply
Residents, HUFs, firms, companies, trusts, NRIs, and minors with guardianship, with KYC-verified savings accounts can apply
-
Identity Proof
-
Address Proof
-
Initial Deposit Amount
Use Digi Locker, no physical documents required
How to Open a Recurring Deposit (RD)
-
Log in to www.icicibank.com using your credentials.
-
Go to the ‘Open Fixed/Recurring Deposit’ option under ‘My Accounts.’
-
Select ‘Open Recurring Deposit.’
-
Log in using your four-digit login PIN.
-
Go to the 'Accounts & Deposits' section, then click ‘Deposits (FD/RD).’
-
Select ‘Open Recurring Deposit’ and follow the instructions.
-
Dial our helpline and follow the IVR instructions.
-
Speak to a customer care executive to open your RD.
About Recurring Deposits
What is a Recurring Deposit (RD)?
A Recurring Deposit (RD) with ICICI Bank is a savings solution designed for those who want to grow their wealth systematically. Invest small amounts monthly and enjoy attractive interest rates.
Benefits of Opening a Recurring Deposit with ICICI Bank
- Low Initial Deposit: Start with just Rs. 500 per month.
- Flexible Tenures: Choose from 6 months to 10 years.
- Goal-Based Savings: Plan your goals with no penalties using iWish.
- Attractive Returns: Earn competitive interest rates on your deposits.
- Easy Loan Facility: Avail loans against your RD balance.
Flexible Tenure Options
Recurring Deposits allow you to save for periods ranging from six months to ten years. You can extend your investment tenure in multiples of three months, offering you complete control over your savings plan.
Hassle-Free Setup
Opening a Recurring Deposit is quick and easy. Use the iMobile app, Net Banking, Customer Care, or visit a branch to start saving today.
iWish – Goal-Based Savings
Enjoy greater flexibility with iWish, our goal-based savings tool:
- Save as per your convenience with no penalties for missed payments.
- Set and achieve your financial goals with ease.
Documents Required to Open a Recurring Deposit
Provide any of the following documents as identity and address proof:
Passport
Aadhaar
Voter ID
Utility Bills (as communication proof)
Ensure to submit originals for verification along with photocopies.
Taxation on Recurring Deposits
Tax Deduction at Source (TDS) is applicable on interest accrued on recurring deposits. Deductions are made on September 30, March 31, and at maturity as per prevailing laws.
How to Calculate Your RD Returns
Use our online RD Calculator to estimate:
Total investment
Interest earned
Maturity amount
Plan your savings better with this simple tool.
Why Choose ICICI Bank for Recurring Deposits?
ICICI Bank offers a combination of trust, competitive interest rates, and convenience:
Comprehensive digital tools for managing your RD.
Loan facilities against your deposit.
Goal-based savings options with flexibility and no penalties.
Recurring Deposit FAQs
What is a recurring deposit?
A Recurring Deposit (RD) is an investment product where you deposit fixed amounts monthly and earn attractive interest over a chosen tenure.
Is the interest earned on my RD taxable?
Yes, TDS is applicable on accrued interest as per law. Tax is deducted on September 30, March 31, and on maturity.
What are the minimum and maximum tenures for RDs?
The tenure ranges from 6 months to 10 years, with increments in multiples of 3 months.
How much interest can I earn through an RD?
Interest rates are similar to fixed deposits. Click here to check the latest rates.
Who is eligible to open an RD with ICICI Bank?
Resident Indians can open an RD account.
How do I manage my RD account?
You can manage your RD using iMobile, Net Banking, customer care, or by visiting a branch.
Take a word from our Customers
-
S4.2
Shweta Kumari
Opening an RD (Recurring Deposit) online was incredibly simple and convenient. The entire process took just a few minutes, and I didn’t have to visit the bank even once. The digital platform is user-friendly, and I could compare rates and choose the right RD tenure as my first investment with ICICI bank. It’s a hassle-free way to secure my savings and earn great returns!
-
N2.5
Nalin
As a young professional, I wanted a disciplined way to save my money while earning good returns and ICICI Bank’s Recurring Deposit was the perfect choice. The small monthly contributions easily fit into my budget, and this has been excellent way to develop a disciplined savings habit. I would recommend ICICI Bank ‘s RD as perfect choice for anyone to build a strong and secure foundation.
-
V5
Vaibhav Kapoor
As a busy professional, I appreciate how easy it was to set up my recurring deposits online with ICICI bank’s Digital platforms. iMobile is user friendly, allowing me to start saving in just a few clicks without any paperwork. I also value the nomination facility, which ensures my savings are secured for my loved ones.
We use cookies to improve and personalize your browsing experience. Click OK to continue else click Manage to change your preferences. By continuing to browse this website, you accept the use of cookies.