Recurring Deposit Interest Rates
|Maturity Period||Rate of Interest (% p.a.) w.e.f Feb 24, 2023|
|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%|
- 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 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.
- 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 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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