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Recurring Deposit Interest Rates

Tenure Wise Recurring Deposit Interest Rates

Maturity PeriodRate of Interest (% p.a.) w.e.f October 21, 2020
GeneralSenior Citizen
6 months 3.50 4.00
9 months 4.40 4.90
12 months 4.90 5.40
15 months 4.90 5.40
18 months 5.00 5.50
21 months 5.00 5.50
24 months 5.00 5.50
27 months 5.15 5.65
30 months 5.15 5.65
33 months 5.15 5.65
36 months 5.15 5.65
Above 3 years upto 5 years 5.35 5.85
Above 5 years upto 10 years 5.50 6.30

Note:

  • Recurring Deposits will be available for a minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.
  • As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD
  • For terms & conditions and any other details, please contact your nearest ICICI Bank Branch.

Penalty on Delayed Installment:

  • Penalty is charged at monthly interest at the rate of ₹ 12 per ₹ 1000 for all delayed installments.
  • Fraction of a month will be treated as full month for the purpose of calculating such interest.
  • The total interest so 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 the deposit has actually remained with ICICI Bank.
  • Penalty will be levied on the rate applicable as per the table below
Original Tenure of DepositPenal Rates*
Less than ₹ 5.0 crore₹ 5.0 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.

 

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