If you are an NRI in USA, UK, Canada, Australia, Singapore and UAE, now you no longer have to incur expensive courier charges to send us your documents, you can simply post them to the local P.O. Box in your respective countries.

Note: The P.O. Box is a service offered by ICICI Bank India, and any of the overseas branches or Representative Offices are not involved in this service.

Click here to learn more about the P.O. Box Service

Can I open my account in any currency?
Yes you can open your account in any currency. We will convert your currency into INR and open the NRE Fixed Deposit. Your NRE Fixed Deposits will be maintained in only INR

If the deposit is closed before 12 months from the date of deposit, no interest is payable, and thus no penalty will be charged. This is because the minimum duration of an NRE Fixed Deposit is 1 year.

Interest will be paid at the rate which is applicable for the period deposit has remained with the bank or the contracted rate, whichever is less (after adjusting the penalty as mentioned above).

Example: If a deposit below INR 100 million was originally booked for 3 yrs, and it is prematurely closed after 2.5 years, then you would get interest applicable for 2 year deposit at the time of booking the original Fixed Deposit or the 3 year rate, whichever is lesser.