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Rates & Charges
Rates & Charges
 
Savings Account
NRE Savings 4.00% Apply Now
 
Fixed Deposit & RD
NRE FD
(390 days to 2 years)
7.10% Apply Now

More Rates       Service Charges 

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NRO (Non–Resident Ordinary) Fixed Deposit Account

Key Highlights

  • High returns on funds generated in India.
  • Joint holdings with residents and non-residents.
  • Loans of up to 90% of your deposit at attractive interest rates.

 

What are NRO Fixed Deposits?

  • NRO Fixed Deposits are an excellent option to earn high returns, same as those offered to resident Indians.

Why choose NRO Fixed Deposit?

  • NRO Fixed Deposits not only offer attractive interest rates resulting in higher yields on your Indian money; you also get loan upto 90% of your deposit at attractive interest rates.

Overview

Features and Benefits

  • Low deposit amount: ₹ 25,000.
  • Multiple tenure options: Ranging from 7 days to 10 years.
  • Joint holder option: Add Indian resident as joint holder.
  • Easy movement: Interest earned in current financial year is fully repatriable (after deducting tax). Funds in NRO account can be repatriated upto USD one million per financial year# for all bonafide purposes.
  • Attractive loan options: Upto 90% of your deposit at attractive interest rates. Maximum INR 500 Lakhs.
  • Hassle-free renewal: Automatic renewal of your deposits on maturity.
  • Exchange rate: Competitive exchange rates on conversion of your foreign currency into rupees.
  • Higher yield post tax: By availing DTAA benefit facility.
  • Quick processing: Electronic Deposit Confirmation Advise (E–DCA) on your e-mail ID within 1 working day (if you have subscribed for account statement via e–mail).
  • Double Taxation Avoidance Agreement (DTAA)
  • Earn higher post tax return through reduced TDS rates by applying for DTAA facility on your NRO Savings account.
  • You can avail DTAA benefit on your NRO accounts by providing a self-declaration in the prescribed format, self attested PAN card copy, Form 10F and tax residency certificate for the current year.

Click here for the list of documents. The documents would need to be submitted every year to continue to avail DTAA benefit.

 

Document Required

Documents for NRIs


When you submit application for account opening at ICICI Bank branch in India or overseas, you will need:

  • Self attested photocopies of:
    • Passport: First and last four pages of the passport of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature).
    • Valid work permit/employment visa/Residence Visa/Residence Permit.
  • Address proofs: View complete list of Indian and overseas address proofs here.

When you submit application for account opening from outside India, you will need:

  • Photocopies of the following documents which have been self-attested by the document holder as well as duly attested by a Banker / Notary / Embassy official / Consulate Official:
    • Passport: First and last four pages of the passport of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature).
    • Valid work permit/employment visa/Residence Visa/Residence Permit.
  • Address proofs: View complete list of Indian and overseas address proofs here.
  • Additionally, funding from customer’s self KYC complied account through cheque, DD, inward remittance (wire, vostro, M2I) is mandatory. In case of cheque, ensure that signature on cheque and application form match. In case of DD, customer’s name should be mentioned as purchaser in the DD advice. In case of Inward remittance, customer’s name and country mentioned in the SWIFT message should match with name and country of residence as per Account opening form.

 

Other documents PIOs


When you submit application for account opening at ICICI Bank branch in India or overseas, you will need:

 

  • Self attested photocopies of:
    • Passport: First and last four pages of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature).
    • PIO card or past Indian passport of self/parent/grandparent along with a self-declaration about Indian origin OR self-declaration for PIO as given on the relationship form.
    • Valid work permit/employment visa if residence country is different from Passport issuing country. If your visa has expired, acknowledged renewal requests made to the visa authorities will be accepted
  • Address proofs: View complete list of Indian and overseas address proofs here.

When you submit application for account opening from outside India, you will need:

  • Photocopies of the following documents which have been self-attested by the document holder as well as duly attested by a Banker / Notary / Embassy official / Consulate Official:
    • Passport: First and last four pages of the passport of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature).
    • PIO card or past Indian passport of self/parent/grandparent along with a self-declaration about Indian origin OR self-declaration for PIO as given on the relationship form.
    • Valid work permit/employment visa if residence country is different from Passport issuing country. If your visa has expired, acknowledged renewal requests made to the visa authorities will be accepted.
  • Address proofs: View complete list of Indian and overseas address proofs here.
  • Additionally, funding from customer’s self KYC complied account through cheque, DD, inward remittance (wire, vostro, M2I) is mandatory. In case of cheque, ensure that signature on cheque and application form match. In case of DD, customer’s name should be mentioned as purchaser in the DD advice. In case of Inward remittance, customer’s name and country mentioned in the SWIFT message should match with name and country of residence as per Account opening form.

 

Other documents Students


When you submit application for account opening at ICICI Bank branch in India or overseas, you will need:

 

  • Self attested photocopies of:
    • Passport: First and last four pages of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature). The signature should be clearly visible and match the signature on your registration form.
    • Valid student visa / I-20 form (applicable only for non-face to face US customers). In case a student holds a regular visa then copy of admission letter / identity card from the university to be obtained to confirm student status.
  • Address proofs: View complete list of permanent address proofs here.

When you submit application for account opening from outside India, you will need:

  • Photocopies of the following documents which have been self-attested by the document holder as well as duly attested by a Banker / Notary / Embassy official / Consulate Official:
    • Passport: First and last four pages of the passport of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature).
    • Valid student visa / I-20 form (applicable only for non-face to face US customers). In case a student holds a regular visa then copy of admission letter / identity card from the university to be obtained to confirm student status.
  • Address proofs: View complete list of Indian and overseas address proofs here.
  • Additionally, funding from customer’s self KYC complied account through cheque, DD, inward remittance (wire, vostro, M2I) is mandatory. In case of cheque, ensure that signature on cheque and application form match. In case of DD, customer’s name should be mentioned as purchaser in the DD advice. In case of Inward remittance, customer’s name and country mentioned in the SWIFT message should match with name and country of residence as per Account opening form.

 

Other documents Seafarers


Following KYC documents should be collected for opening seafarer accounts:

 

  • Self attested copy of valid passport (First and last four pages of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature). Photocopy must include first four pages of passport and the pages indicating last date of arrival in India. The signature should be clearly visible and match the signature on your registration form)
  • Self attested copy of valid visa (first two pages and last two pages of the passport as well as the page indicating the last date of arrival in India) OR continuous discharge certificate (CDC). Certificate must indicate last date of arrival in India or declaration by ICICI employee (during branch visit) confirming that you are sailing for the first time.

    Incase of employees on Oil Rigs, instead of a visa, a letter from government authority stating” allowed to entry country “ or a business Visa along with a valid appointment letter is taken.
  • Seafarer’s declaration from the customer . No separate declaration will be required if the declaration is part of the AOF
  • A) For a permanent employee then in addition to the above the:
    • i. Initial work contract and
    • ii. Last wage slip (should not be more than six months old).
    or
  • B) If the customer is a contract employee, then the following documents are also required:
    • i. Valid CDC is a mandatory document along with the last page of the disembarkation stamp
    • ii. Valid work contract with the last page of the wage slip or
    • iii. The expired/last contract letter, if the disembarkation stamp on CDC is not more than 6 months old
      or
  • C) For oil rigs
    • i. An expired contact letter can be accepted if the last disembarkation stamp on the passport from the country where the oil rig is situated is not more than six months old.
*Note- All KYC Documents provided need to be self attested

Other documents DTAA


  • Self attested copy of PAN card
  • Tax Residency certificate (TRC) for current financial year
  • Self-declaration cum request letter
  • Form 10 F