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Recurring Deposit Interest Rates
Recurring Deposit Interest Rates Based on Tenure
| Maturity Period | Rate of Interest (% p.a.) w.e.f Feb 17, 2024 | |
|---|---|---|
| General | Senior Citizen | |
| 6 months | 4.75% | 5.25% |
| 9 months | 6.00% | 6.50% |
| 12 months | 6.70% | 7.20% |
| 15 months | 7.20% | 7.75% |
| 18 months | 7.20% | 7.75% |
| 21 months | 7.20% | 7.75% |
| 24 months | 7.20% | 7.75% |
| 27 months | 7.00% | 7.50% |
| 30 months | 7.00% | 7.50% |
| 33 months | 7.00% | 7.50% |
| 36 months | 7.00% | 7.50% |
| Above 3 years upto 5 years | 7.00% | 7.50% |
| Above 5 years upto 10 years | 6.90% | 7.50% |
| Above 5 years upto 10 Years margin for SRC has been changed on 0.60% | ||
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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 RD 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.Â
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
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| Original Tenure of Deposit | Penal 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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