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 a recurring deposit (RD) account online with ICICI Bank and save up consistently and conveniently from today, so you can reap benefits tomorrow. With our RD facility, you can keep a track of your recurring transactions, avail a loan against your account and do so much more.

How to create recurring deposits on internet banking

How to create recurring deposits on internet banking

In this video we will understand how you can open a recurring deposit online on internet banking.

How to create recurring deposits on iMobile

How to create recurring deposits on iMobile

In this video we will understand how you can open a recurring deposit on the go through iMobile.

There’s more good news. Did you know that a recurring deposit can also be flexible? Yes, you read that right! Experience the privilege of no penalties for missed payments with iWish, a Goal based savings from ICICI Bank.

 

Types of recurring deposits we offer

Choose from the different recurring deposit facilities we offer according to your requirements, so you can save up in a way that’s convenient for you. Here are the types of RDs you can open with us.

Delightful Deposits Pay less. Buy more.

We all have that special something that we yearn for, isn’t it? Perhaps to buy the latest gadgets, or perhaps, to purchase those pieces of designer jewellery on display? Maybe even to take that dream vacation?

Well, the perfect opportunity to experience all this and more is here! Open an RD with us and save for it systematically every month. Along with the benefit of interest from ICICI Bank, you get to experience attractive top-up offers from our partners like Croma, Tanishq, Thomas Cook and more.

Click the button below to know more about our recurring deposit with a monthly income option.

 

 

iWish Goal based savings

No penalties for missed payments

We understand that sometimes, life can get very busy. And missed payments may happen. With iWish, you need not worry about missing your RD instalments because there’s no penalty involved.

Start with small amounts, experience the advantage of goal-based savings and enjoy the benefits of iWish, the smarter deposit. Want to know more? Simply click the button below.

 

 

Get to know the features of ICICI Bank Recurring Deposits

Minimum Balance

Open a recurring deposit with a minimum of ₹500 per month and thereafter, deposit in multiples of ₹100.

Nomination

Assign a single nominee to the proceeds from your account, whether held solely or jointly. To do this, simply fill the form prescribed under the Banking Companies (Nomination Rules), 1985. For more details, visit the branch of ICICI Bank that’s nearest to you.

Period of Deposit

Make deposits for a minimum period of six months and thereafter, increase your investment tenure in multiples of three months. The maximum tenure for holding a recurring deposit with us is 10 years.

Other Features

Our recurring deposits also have other features you can benefit from. Here’s a preview.

  • The facility to avail a loan against your deposit
  • Interest income at attractive rates, which are identical to the rates of interest on our fixed deposits

Please note that Tax Deduction at Source (TDS) is applicable on interest paid/accrued on recurring deposits in line with applicable law.

Want to book a recurring deposit with us?

That’s easy! You can pick any of the following ways to go about it.

 

Option 1: Visit the branch of ICICI Bank that’s nearest to you

 

Option 2: Use ICICI Bank’s internet banking portal

  • Log into www.icicibank.com using your internet banking user ID and password.
  • Click on the ‘Open Fixed/Recurring Deposit’ option in the ‘My Accounts’ section.
  • Select ‘Open Recurring Deposit.’

Option 3: Use ICICI Bank’s mobile application, iMobile

  • Log into iMobile using your four-digit login pin
  • Click on the ‘Accounts & Deposits’ section and then click ‘Deposits (FD/RD)’ option
  • Select ‘Open Recurring Deposit.

Option 4: Contact ICICI Bank’s customer care

  • Select the language you prefer.
  • Press ‘1’ if you’re an existing customer.
  • Press ‘1’ for banking accounts.
  • Enter the number and the PIN of your debit card to speak to our customer care executive.

 

 

Frequently Asked Questions (FAQs) about recurring deposits

What is a recurring deposit?


ICICI Bank’s 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 the interest earned on my recurring deposit taxable?


For recurring deposits, tax is deducted on accrued interest, if any, on September 30 and March 31 every year and on maturity.

What is the minimum and maximum tenure for recurring deposits with ICICI Bank?


With our RDs, make deposits for a minimum period of six months and thereafter, increase your investment tenure in multiples of three months. The maximum tenure for holding a recurring deposit with us is 10 years.

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


Click here to view the interest rates we offer on recurring deposits.

What is the eligibility to open a recurring deposit with ICICI Bank?


To open an RD with us, you must be a resident Indian.

If you qualify, click the button below to open a recurring deposit.