ICICI Bank offers an extensive range of investment options for Non-Resident Indians (NRIs). The bank offers Non-Resident External (NRE), Non-Resident Ordinary (NRO), Foreign Currency Non-Repatriable (FCNR) and Resident Foreign Currency (RFC) deposit schemes.
The Non to Resident External (NRE) Deposit rates for ICICI Bank within the range of 6.90% p.a. and 7.50% p.a. The ICICI Bank Non to Resident Ordinary (NRO) FD rates start from 4.00% p.a. to 7.50% p.a.
| Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
|---|---|---|
|
12 months to 13 months |
6.90% |
N/A |
|
13 months to 24 months |
7.10% |
N/A |
|
Above 24 months to 36 months |
7.50% |
N/A |
|
Above 36 months to 60 months |
7.25% |
N/A |
|
Above 60 months to 120 months |
7.00% |
N/A |
*The ICICI Bank NRE interest rates are subject to change as per the discretion of the bank. The rates given in the table are effective as of 23 November 2018.
In case a depositor closes their NRE FD account prematurely I.e. before the date of maturity, they will be charged a penalty accordingly:
| Tenure range | |||||||
|---|---|---|---|---|---|---|---|
| Penalty rates p.a. | |||||||
| >Under Rs.50 million | Rs.50 million and above | ||||||
|
12 months to 60 months |
1.00% |
1.00% |
|||||
|
60 months and above |
1.00% |
1.50% |
|||||
| Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
|---|---|---|
|
7 to 14 days |
4.00% |
N/A |
|
15 to 29 days |
4.25% |
N/A |
|
1 month to 45 days |
5.50% |
N/A |
|
46 days to 2 months |
6.00% |
N/A |
|
Above 2 months to 6 months 4 days |
6.25% |
N/A |
|
6 months 5 days to 290 days |
6.50% |
N/A |
|
290 days to 12 months |
6.75% |
N/A |
|
12 months to 13 months |
6.90% |
N/A |
|
13 months – 24 months |
7.10% |
N/A |
|
Above 24 months to 36 months |
7.50% |
N/A |
|
Above 36 months to 60 months |
7.25% |
N/A |
|
Above 60 months to 120 months |
7.00% |
N/A |
*The ICICI Bank NRO interest rates are subject to change as per the discretion of the bank. The rates given in the table are effective as of 23 November 2018.
| Tenure range | |||||||
|---|---|---|---|---|---|---|---|
| Penalty rates p.a. | |||||||
| >Under Rs.50 million | Rs.50 million and above | ||||||
|
Under 12 months |
0.50% |
0.50% |
|||||
|
12 months to 60 months |
1.00% |
1.00% |
|||||
|
60 months and above |
1.00% |
1.50% |
|||||
Highlights of ICICI Bank NRI deposit rates
| Tenure | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FCNR (B) FD rates (per annum) | |||||||||
| JPY | AUD | HKD | GBP | CAD | SGD | EURO | USD | ||
|
1 year to 2 years |
0.29% |
2.96% |
3.32% |
1.68% |
3.05% |
2.74% |
0.29% |
3.88% |
0.01% |
|
2 years to 3 years |
0.32% |
3.04% |
3.55% |
1.87% |
3.20% |
2.89% |
0.39% |
4.05% |
0.01% |
|
3 years to 4 years |
0.14% |
2.86% |
3.41% |
1.72% |
3.26% |
2.48% |
0.29% |
3.83% |
0.01% |
|
4 years to 5 years |
0.16% |
3.12% |
3.47% |
1.80% |
3.29% |
2.55% |
0.45% |
3.86% |
0.04% |
|
5 years |
0.19% |
3.22% |
3.51% |
1.86% |
3.31% |
2.61% |
0.60% |
3.87% |
0.18% |
*The ICICI Bank FCNR interest rates are subject to change as per the discretion of the bank. The rates given in the table are effective as of 23 November 2018.
ICICI is one of the foremost financial companies in the country offering numerous banking products and services. Among these is the FCNR or Foreign Currency Non-Repatriable deposit accounts. Deposits into these accounts can be made from a number of currencies and interest amount is applicable based on the tenure chosen. These rates have recently been revised.
The revised rates for CHF or Franc are -
For a tenure that is equal to 12 months and above but below 24 months, the CHF or Franc rate was 0.36 and has now changed to 0.01 and APY or Annual Percentage Yield has changed from 0.36 to 0.01.
For a tenure between 24 months to 36 months, the rate has changed from 0.33 to 0.01 and APY has changed from 0.33 to 0.01.
For a tenure equal to 36 months but below 48 months, the rate has changed from 0.36 to 0.01 and APY has changed from 0.36 to 0.01.
For a tenure equal to 48 months to below 60 months, the rate has changed from 0.4 to 0.01 and APY has changed from 0.4 to 0.01.
For a tenure of 60 months, the rate has changed from 0.47 to 0.01 and APY has changed from 0.47 to 0.01.
The revised rates for SGD or Singapore Dollar are -
For a tenure that is equal to 12 months and above but below 24 months, the SGD rate was 2.59 and has now changed to 2.34 and APY or Annual Percentage Yield has changed from 2.59 to 2.34.
For a tenure between 24 months to 36 months, the rate has changed from 2.78 to 2.53 and APY has changed from 2.8 to 2.55.
For a tenure equal to 36 months but below 48 months, the rate has changed from 2.92 to 2.69 and APY has changed from 2.94 to 2.36.
For a tenure equal to 48 months to below 60 months, the rate has changed from 3.07 to 2.82 and APY has changed from 3.09 to 2.84.
For a tenure of 60 months, the rate has changed from 3.17 to 2.55 and APY has changed from 3.2 to 2.57.
1 July 2016
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