Check the latest interest rates on NRI Recurring Deposits.
Amount to be deposited
Duration
Find the best interest rates and duration (NRE or NRO RD can be booked in multiples of 3 months)
Interest rate:
Total interest: ₹39
Maturity Date: 12 Feb 2027
Disclaimer*: The above calculation does not include TDS deductions. TDS is applicable as per the NRI RD type.
| Tenure (Period) | Rate of Interest (% p.a.) w.e.f 29 December 2025 for NRIs |
|---|---|
| 6 months | 4.50% |
| 9 months | 5.50% |
| 12 months | 6.25% |
| 15 months | 6.25% |
| 18 months | 6.30% |
| 21 months | 6.30% |
| 24 months | 6.30% |
| 27 months | 6.45% |
| 30 months | 6.45% |
| 33 months | 6.45% |
| 36 months | 6.45% |
| Above 3 years upto 5 years | 6.50% |
| Above 5 years upto 10 years | 6.50% |
| Tenure of deposit | Less than ₹25 crore | ₹25 crore and 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% |
Penalties and rates are subject to revision without prior notice.
For Terms & Conditions and further details, visit an ICICI Bank branch.
Interest earned on NRE Recurring Deposits is not taxable in India.
Interest earned on NRO Recurring Deposits is taxable and subject to TDS.
Yes, both NRE and NRO Recurring Deposits can be closed prematurely.
Interest will be paid at the rate applicable for the period the deposit remained with the bank, after deducting any penalties.
In case of NRE RD closed before 12 months, no interest is payable.
A penalty of ₹12 per ₹1,000 per delayed installment is applicable for both NRE and NRO Recurring Deposits.
NRE RD: Minimum tenure is 1 year and maximum is 10 years (in multiples of 3 months).
NRO RD: Minimum tenure is 6 months and maximum is 10 years (in multiples of 3 months).
Yes, you can appoint one nominee per RD account. You can also change or update the nominee by submitting the required forms. Different nominees can be assigned for different RDs.
NRI RD interest rates at ICICI Bank vary based on the deposit tenure and the type of account selected, such as NRE or NRO. NRI RD interest rates start from 4.5% p.a. for a 6-month tenure, as per the applicable rate slabs. The rates may differ across deposit tenures. Since NRE RD interest rates are subject to periodic revision, customers are advised to refer to the latest rate details available on the ICICI Bank website before opening or renewing a deposit.
Interest on an NRI Recurring Deposit is calculated on monthly installments deposited over the chosen tenure. Each instalment earns interest for a different duration, depending on when it is deposited. The final maturity amount reflects the total of monthly contributions and accumulated interest. NRI RD interest rates applicable at the time of booking are used to determine the overall returns on the deposit.
Yes, NRI Recurring Deposits can be closed before maturity, subject to ICICI Bank's applicable terms and conditions. Premature closure may attract a revised interest payout based on the completed tenure, which could be lower than the original rate. Customers holding NRE or NRO RDs should review the NRE RD Account interest rates and premature closure guidelines to understand the impact before proceeding.
Disclaimer: Rates are indicative and subject to change. Please visit the ICICI Bank website for the latest rates and applicable terms.
