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ICICI Bank Network
  • Bank 24/7 through a widespread network of our ICICI Bank ATMs and branches. To help you find the nearest ICICI Bank branch or ATM, here is an easy to use map based interface. You can also search for a specific branch based on the facilities available.

     

     

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Recurring Deposits

ICICI Bank Recurring Deposits are an ideal way to invest small amounts of money every month and end up with a large kitty on maturity.

 

High recurring billing and recurring payments can be a drain on your finances and hence large investments may seem a plan away.

Features

A recurring deposit account with ICICI Bank allows you a loan against the deposit. Our new recurring deposit account also has a special feature - Non-applicability of Tax Deduction at Source (TDS).

The minimum balance of deposit is Rs.500 per month and thereafter in multiples of Rs.100. The tenure ranges from 6 months to a maximum period of 10 years, recurring deposit of 3 months thereafter.

The recurring deposit also comes with a nomination facility.

Minimum Balance

The minimum balance of deposit is Rs. 500 per month and thereafter, in multiples of Rs. 100.

Period of Deposit

The minimum period is 6 months, and thereafter in multiples of 3 months.

Nomination

  • Nomination facility available for bank deposits.
  • There can be only one Nominee for a deposit account whether held singly or jointly.
  • A person legally empowered to operate a minor's account can file a nomination on behalf of the minor.
  • Applicants can make nomination by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
  • The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
  • For more details approach your bank.

 

Click here to check the interest rates on RD.