ICICI Bank is one of the leading banks in India that offers the best financial products and services to both Resident and Non-Resident Indians (NRIs). NRI fixed deposit schemes, one of the financial products provided by the ICICI Bank, are tailored to meet the unique financial needs of foreign investors. In this blog, we will discuss the latest ICICI NRE FD rates and other relevant details that you need to know.
What is ICICI Bank NRI Fixed Deposit?
The ICICI Bank offers different NRI fixed deposits at different competitive interest rates, each providing attractive returns. At ICICI Bank, individuals have a variety of options, including Rupee and Foreign Currency Accounts, to select from in order to achieve their investment objectives.
The ICICI NRI FD interest rates and schemes vary based on the tenure and the amount of investment, providing flexibility to cater to individual preferences and financial objectives. These FD schemes can be booked by making a deposit as low as ₹25,000.
ICICI Bank NRI FD Rates
The ICICI Bank offers four types of deposit schemes to NRIs – NRE, NRO, FCNR, and RFC. You will be able to learn more about the ICICI NRI fixed deposit rates from the tables given below.
ICICI Bank NRE Fixed Deposit Rates under ₹2 Crores
The following table highlights the ICICI Bank NRE FD rates for deposits below ₹2 crores.
| FD Tenure | Interest Rate |
| 1 year to 389 days | 6.70% |
| 390 days less than 15 months | 6.70% |
| 15 months less than 18 months | 7.10% |
| 18 months to 2 years | 7.10% |
| 2 years 1 day to 3 years | 7.00% |
| 3 years 1 day to 5 years | 7.00% |
| 5 years 1 day to 10 years | 6.90% |
ICICI Bank NRE Fixed Deposit Rates above ₹2 Crore
The following table highlights the ICICI NRE FD rates for deposits above ₹2 crores.
| FD Tenure | Interest Rate |
| 1 year to 389 days | 7.25% |
| 390 days less than 15 months | 7.25% |
| 15 months less than 18 months | 7.05% |
| 18 months to 2 years | 7.05% |
| 2 years 1 day to 3 years | 7.00% |
| 3 years 1 day to 5 years | 7.00% |
| 5 years 1 day to 10 years | 7.00% |
ICICI Bank NRO Fixed Deposit Rates under ₹2 Crores
The following table highlights the ICICI Bank NRO FD rates for deposits below ₹2 crores.
| FD Tenure | Interest Rate |
| 7 days to 14 days | 3.00% |
| 15 days to 29 days | 3.00% |
| 30 days to 45 days | 3.50% |
| 46 days to 60 days | 4.25% |
| 61 days to 90 days | 4.50% |
| 91 days to 120 days | 4.75% |
| 121 days to 150 days | 4.75% |
| 151 days to 184 days | 4.75% |
| 185 days to 210 days | 5.75% |
| 211 days to 270 days | 5.75% |
| 271 days to 289 days | 6.00% |
| 290 days to less than 1 year | 6.00% |
| 1 year to 389 days | 6.70% |
| 390 days less than 15 months | 6.70% |
| 15 months less than 18 months | 7.10% |
| 18 months to 2 years | 7.10% |
| 2 years 1 day to 3 years | 7.00% |
| 3 years 1 day to 5 years | 7.00% |
| 5 years 1 day to 10 years | 6.90% |
ICICI Bank NRO Fixed Deposit Rates above ₹2 Crores
The following table highlights the ICICI Bank NRO FD rates for deposits above ₹2 crores.
| FD Tenure | Interest Rate |
| 7 days to 14 days | 4.75% |
| 15 days to 29 days | 4.75% |
| 30 days to 45 days | 5.50% |
| 46 days to 60 days | 5.75% |
| 61 days to 90 days | 6.00% |
| 91 days to 120 days | 6.50% |
| 121 days to 150 days | 6.50% |
| 151 days to 184 days | 6.50% |
| 185 days to 210 days | 6.65% |
| 211 days to 270 days | 6.65% |
| 271 days to 289 days | 6.75% |
| 290 days to less than 1 year | 6.75% |
| 1 year to 389 days | 7.25% |
| 390 days less than 15 months | 7.25% |
| 15 months less than 18 months | 7.05% |
| 18 months to 2 years | 7.05% |
| 2 years 1 day to 3 years | 7.00% |
| 3 years 1 day to 5 years | 7.00% |
| 5 years 1 day to 10 years | 7.00% |
ICICI Bank FCNR Fixed Deposit Rates
The following provides the latest ICICI Bank FD FCNR rates in 5 different currencies for deposits less than USD 1 million.
| FD Tenure | USD | SGD | CAD | GBP | AUD |
| 1 year | 5.90% | 3.50% | 4.80% | 5.10% | 4.25% |
| Above 1 year to less than 15 months | 5.00% | 3.50% | 4.50% | 5.00% | 4.00% |
| 15 months to less than 2 years | 4.75% | 3.00% | 4.25% | 4.50% | 4.00% |
| 2 years to less than 3 years | 4.25% | 2.75% | 3.75% | 4.50% | 3.75% |
| 3 years to less than 4 years | 4.00% | NA | NA | NA | NA |
| 4 years to less than 5 years | 3.75% | NA | NA | NA | NA |
| 5 years | 3.75% | NA | NA | NA | NA |
ICICI Bank RFC Fixed Deposit Rates
Refer to the following table for the latest ICICI Bank RFC FD interest rates.
| FD Tenure | USD | GBP |
| 30 days to less than 6 months | 0.75% | 0.25% |
| 6 months to less than 1 year | 1.00% | 0.50% |
| 1 year | 5.60% | 5.10% |
| Above 1 year to less than 15 months | 5.00% | 5.00% |
| 15 months to less than 2 years | 4.75% | 4.50% |
| 2 years to less than 3 years | 4.25% | 4.50% |
| 3 years | 4.00% | NA |
Features and Benefits of ICICI NRI Fixed Deposit
Here are some of the features and benefits that you can avail by choosing ICICI NRE FD rates and NRO FD rates.
NRE Fixed Deposit
- This FD has a minimum tenure of 1 year and a maximum tenure of 10 years.
- Loans up to 90% of the deposit amount are available at appealing interest rates, with a maximum limit of ₹500 lakhs.
- The principal and accrued interest can be repatriated outside India.
- The auto-renewal facility of NRE FD is available at its maturity.
- Interests earned on such FDs are exempt from tax under the Income Tax Act.
NRO Fixed Deposit
- The tenure of this FD ranges from 7 days to 10 years.
- A joint account facility is available, offering depositors the option to include an Indian resident as a joint account holder.
- Get loans of up to 90% of your deposit with a maximum limit of ₹500 lakhs.
- Interest earned in the current financial year is fully repatriable after tax deduction.
- Automatic renewal facilities at maturity are also available in the case of NRO FD.
With that, now you are all set to embark on your FD investment journey. However, verify the ICICI NRE FD rates before investing your hard-earned money, as they are subject to change. To do so, you can visit the bank’s official website or consult a bank representative.
FAQs
The penal rate for withdrawing ICICI NRO FD before maturity that has a tenure below 1 year is 0.5%.
A valid passport, a visa and overseas address proof documents are required to open an ICICI NRI FD account.
Yes, individuals can transform their resident account into an NRI account by simply submitting an account modification request to ICICI Bank, and the bank will take care of the process for you.
No, individuals do not receive a cheque book or an ATM/Debit Card for investing in an NRE fixed deposit. Instead, they can use the cheque book or debit card associated with their linked account for withdrawing or transferring funds from their NRE fixed deposit after partial/full closure.
Yes, ICICI Bank NRE fixed deposit provides a nomination facility to all eligible individuals.
