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Popular FAQs About NRI Deposits
What is a Fixed Deposit?
A Fixed Deposit (FD) is an investment option offered by Banks and NBFCs, ensuring guaranteed returns based on the interest rate set at the time of opening the FD. The interest may vary depending on the tenure and deposit amount.
What types of FDs does ICICI Bank offer?
ICICI Bank provides two types of FDs:
Traditional Fixed Deposit: Interest is credited at regular intervals (monthly or quarterly).
Cumulative Fixed Deposit: Interest is compounded quarterly and paid as a lump sum on maturity.
Who can invest in ICICI Bank Fixed Deposits?
ICICI Bank Fixed Deposits are available for:
Non-Resident Indians
Minors with a guardian
OCIs / PIOs
Seafarers
Students