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Recurring Deposit Interest Rates for NRIs
Recurring Deposit Interest Rates Based on Tenure
| Tenure (Period) | Rate of Interest (% p.a.) w.e.f Aug 02, 2024 for NRIs |
|---|---|
6 months |
4.75% |
9 months |
6.00% |
12 months |
6.70% |
15 months |
7.25% |
18 months |
7.25% |
21 months |
7.25% |
24 months |
7.25% |
27 months |
7.00% |
30 months |
7.00% |
33 months |
7.00% |
36 months |
7.00% |
Above 3 years upto 5 years |
7.00% |
Above 5 years upto 10 years |
6.90% |
- The minimum tenure for NRE RD is 1 year and the minimum tenure for NRO RD is 6 months. Thereafter, the tenure can be increased in multiples of 3 months. The maximum tenure for holding a Recurring Deposit with ICICI Bank is 10 years.
- As interest rates are subject to change without prior notice, the depositor shall ascertain the rates on the date of opening the RD.
- For terms & conditions and any other details, please contact any ICICI Bank Branch
Penalty on Delayed RD Instalment
- Penalty is charged at the rate of ₹12 per ₹1,000 for all delayed instalments
- A part of a month will be treated as a full month for the purpose of calculating the penalty.
- The total penalty chargeable shall be recovered from the total amount of interest payable at the time of maturity
RD Interest Rates on Premature Withdrawal
- Interest will be calculated at the rate applicable for the period that the deposit actually remained with ICICI Bank.
- Penalty will be levied on the rate applicable as per the table below.
| Original Tenure of Deposit | Penal Rates* | |
|---|---|---|
| Less than ₹5 crore | ₹5 crore & above | |
Less than 1 year |
0.50% |
0.50% |
1 year & above but less than 5 years |
1.00% |
1.00% |
5 years and above |
1.00% |
1.50% |
*Subject to revision without further notice
