Grow Your Savings,
Hassle-Free!

Secure your future with flexible monthly deposits.

Important Points About NRI Recurring Deposits

  • Eligibility

    Available for NRIs, PIOs and OCIs with an ICICI Bank NRE / NRO Account.

  • Application process

    Open an NRI RD via the iMobile app, Net Banking or by visiting a Branch.

  • Minimum deposit amount

    Start your NRI Recurring Deposit with a minimum of ₹ 5,000 per month and thereafter in multiples of ₹ 100, up to ₹ 1,00,000 per instalment for systematic wealth accumulation.

  • Interest rates

    Earn attractive interest rates, compounded quarterly.

  • Tenure options

    Choose from flexible tenures ranging from 6 months to 10 years for NRO RD and 1 year to 10 years for NRE RD.

  • Premature withdrawal

    Allowed with applicable penalties as per ICICI Bank policies.

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Things you’ll need 

to Apply

  • Non-Resident Indians (NRIs) as per FEMA guidelines

  • Must hold an active NRE or NRO Account with ICICI Bank

  • Resident Indians who become NRIs are also eligible, subject to account conversion

About NRI Recurring Deposit

Flexible Monthly Deposits

Start your NRI Recurring Deposit with a minimum of ₹ 5,000 per month and thereafter in multiples of ₹100, up to ₹1,00,000 per instalment for systematic wealth accumulation.

Attractive Interest Rates

Earn competitive interest rates on your deposits, helping you grow your savings efficiently over time with assured returns.

Easy Online Account Opening

Open your RD seamlessly via iMobile, Net Banking, Customer Care or at an ICICI Bank Branch, ensuring a hassle-free process.

FAQs on NRI Recurring Deposit

What is the meaning of an NRE Recurring Deposit account?

An NRE Recurring Deposit (RD) account allows Non-Resident Indians (NRIs) to save systematically by depositing fixed monthly instalments from their NRE account. The deposit earns interest over a chosen tenure, helping build savings gradually with assured returns. The principal and interest earned are fully repatriable, making it a convenient investment option for NRIs.

What is the meaning of an NRO Recurring Deposit account?

An NRO Recurring Deposit (RD) account allows NRIs to save regularly by depositing fixed monthly instalments from their NRO account. It is used to manage income earned in India, earns interest over a chosen tenure, and the interest is taxable, with repatriation subject to applicable regulations.

Who can open an NRI Recurring Deposit?

NRIs, PIOs and OCIs with an NRE or NRO Account can open an RD with ICICI Bank.

What is the minimum deposit amount?

You can start an NRI RD with a minimum deposit of ₹5,000 per month, increasing in multiples of ₹100, up to ₹1,00,000 per month.

Can I withdraw my RD before maturity?

You can start an NRI RD with a minimum deposit of ₹5,000 per month, increasing in multiples of ₹100, up to ₹1,00,000 per month.

How can I track my RD?

You can track your RD via the iMobile app, Net Banking or by visiting any ICICI Bank Branch.

What is the Tax impact for NRI RD?

Interest earned on an NRE RD is tax-free in India, while interest earned on an NRO RD is subject to TDS as per applicable tax laws.

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