Plan Your Savings

Build up your savings using monthly instalments

  • Type of Customer:
Regular Monthly Deposit:
Min Max*
Savings Term:
Min Max*
  • Years

  • Months

  • Rate Of Interest: %
  • Maturity Date:
  • Total Interest:
  • Total Savings:

*T&C apply

Recurring Deposit

Open an account online; keep a track of the recurring transactions; avail of a loan against your account and much more.


Did you know? A Recurring Deposit (RD) can also be flexible. No penalty for missed payments with iWish a flexible RD.



Types of Recurring Deposit

Delightful Deposits - Pay Less. Buy More

We all yearn to buy the latest gadgets, designer jewellery or plan a dream holiday. Well, now is the perfect opportunity to buy all that you have been planning for by saving for it systematically every month. Get Recurring Deposit interest from ICICI Bank along with an attractive top-up from our partners, Croma, Tanishq and Thomas Cook.



Recurring Deposit with Monthly Income Option Know More.

iWish – Flexible Recurring Deposit

No penalties for missed payments


Does your deposit allow you to save any amount at any time? Switch to iWish the smarter deposit. to know more, click here



Features and Benefits of Recurring Deposit (RD)

Minimum Balance

Deposit a minimum of Rs. 500 per month and thereafter, deposit in multiples of 100.


Nominate a single nominee to your account proceeds, whether held solely or jointly. Applicants are required to fill a form prescribed under the Banking Companies (Nomination Rules), 1985. For more details, visit your nearest ICICI Bank branch.

Period of Deposit

Make deposits for a minimum period of 6 months and thereafter in multiples of 3 months. Maximum tenure of Recurring Deposit would be 10 years.

Other Features

  • Loan against deposit
  • High rates of interest (identical to the fixed deposit rates)
  • From June 1, 2015, Tax Deduction at Source (TDS) shall be applicable on interest paid/ accrued on Recurring Deposits.

Convenient booking through

  • ICICI Bank Branch
  • ICICI Bank Internet Banking
    • Log into using Internet Banking user ID and password
    • Click on Open Fixed/Recurring deposit in "My Accounts" section
    • Click on open Recurring Deposit
  • ICICI Bank Customer Care
    • Select language
    • Press "1" for existing customers
    • Press "1" for banking accounts
    • Enter Debit Card & PIN and speak to Phone Banking Officer




Frequently Asked Questions (FAQs) for Recurring Deposit

What is recurring deposit?

ICICI Bank Recurring Deposit (RD) is an ideal way to invest small amounts of money every month and end up with a large kitty on maturity.

Is interest earned on recurring deposit taxable?

For Recurring Deposits tax is deducted on interest if any accrued on 30th Sept and 31st March of every year and on maturity

What is the minimum and maximum tenure for recurring deposit?

Make deposits for a minimum period of 6 months and thereafter in multiples of 3 months. Maximum tenure of Recurring Deposit would be 10 years

How much interest can I earn through a recurring deposit account?

Click here to view Interest rates offered by ICICI Bank on Fixed Deposits

What is the eligibility to open a recurring deposit?

Resident Indian