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| Currency | Minimum deposit |
|---|---|
| USD, GBP, EUR | 1,000 |
| SGD, CAD and AUD | 2,000 |
| HKD | 10,000 |
| JPY | 200,000 |
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FCNR(B) Fixed Deposit Account
Key Highlights
- Book FCNR (Foreign Currency Non-Resident) deposits for high yields in foreign currency
- FCNR can be booked in 8 currencies:
Request a call back to open an NRI Account
- Principal amount and interest earned is fully repatriable
- Interest earned is tax free in India
- Modes of booking FCNR deposit - Internet Banking, I-mobile, Phone Banking, Wire Transfer,
Request at your nearest branch - Click here for FCNR Interest rates
- Tenure:
- Ranging from 1 to 5 years for USD, GBP, CAD, AUD, HKD, and SGD
- Tenure for EUR is 1 year and for JPY can be offered for 2 years
- Book FCNR (Foreign Currency Non-Resident) deposits for high yields in foreign currency
- FCNR can be booked in 9 currencies:
Request a call back to open an NRI Account
Currency Minimum deposit USD, GBP, EUR and CHF 1,000 SGD, CAD and AUD 2,000 HKD 10,000 JPY 200,000 - Principal amount and interest earned is fully repatriable
- Interest earned is tax free in India
- Modes of booking FCNR deposit - Internet Banking, I-mobile, Phone Banking, Wire Transfer,
Request at your nearest branch - Click here for FCNR Interest rates
- Tenure: Ranging from 1 to 5 years
What is FCNR(B) Fixed Deposit Account?
- FCNR(B) is a fixed deposit held in foreign currency
- An investment option for NRI/ PIO/ OCIs looking to retain their money in foreign currency for good returns
Why choose FCNR(B) FD?
- Book FCNR(B) deposits to earn higher returns on foreign currency deposits
- Avoid foreign currency exchange risk, ensuring high and guaranteed returns
- When you are unsure of where you wish to use/ invest your earnings (India or overseas) to avoid dual conversion of your money
- Hassle-free renewal: Automatic renewal of your principal and interest on maturity
- Easy movement: Principal amount and interest earned are fully repatriable
- Tax benefits: Interest earned is not taxable in India
- Attractive loan options: Loans up to 85% of your deposit at attractive interest rates (Maximum Rs. 500 lakh)
- Quick processing: Electronic Deposit Confirmation Advice (E- DCA) on your e-mail ID in 1 working day (if you have subscribed for account statement via e-mail)
Please Note:
- The deposit would be booked with the net amount received after deducting appropriate charges/ fees as may applicable at the time of remittance/ clearance of the cheque
- In case of FCNR (B) FD booking request through wire transfer/ remittances, the request for FCNR (B) FD will be processed only if the remitter and the beneficiary name matches. For complete details, please visit Terms and Conditions
| FD Closure | On maturity Any amount | Premature closure | |
|---|---|---|---|
| Less than INR 10 lakh or equivalent | INR 10 lakh or equivalent and greater | ||
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Single
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Internet Banking
or Mobile Banking or Customer Care |
Internet Banking or Mobile Banking or Customer Care | |
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More than one applicant
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Internet Banking or Mobile Banking
The following documents need to be uploaded while making the request; FD closure request signed by all deposit holders and Copies of the passport of each deposit holder which is counter signed (self-attested). |
Following physical documents need to be couriered to ICICI Bank Limited NRI HUB, RPC Mumbai Autumn Estate, 5th Floor, 'A' Wing Near Mhada, Chandivali, Andheri (E) Mumbai - 400 072, India. FD closure request signed by all deposit holders and Copies of the passport of each deposit holder which is counter signed (self-attested) and A cancelled cheque (original) of an NRE SB or NRO SB account is held in the same Customer ID as the deposit being closed. |
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* The deposit would be booked with the net amount received after deducting appropriate charges / fees as may applicable at the time of remittance / clearance of the cheque.
