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Recurring Deposit Interest Rates

Tenure Wise Recurring Deposit Interest Rates

Maturity PeriodRate of Interest (% p.a.) w.e.f May 16, 2022
GeneralSenior Citizen
6 months 3.50% 4.00%
9 months 4.40% 4.90%
12 months 5.10% 5.60%
15 months 5.10% 5.60%
18 months 5.10% 5.60%
21 months 5.10% 5.60%
24 months 5.10% 5.60%
27 months 5.40% 5.90%
30 months 5.40% 5.90%
33 months 5.40% 5.90%
36 months 5.40% 5.90%
Above 3 years upto 5 years 5.60% 6.10%
Above 5 years upto 10 years 5.75% 6.35%
Above 5 years upto 10 Years margin for SRC has been changed on 0.60%

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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