ICICI NRI FD Rates - NRE / NRO / FCNR / RFC
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.
ICICI Bank NRI Fixed Deposits Rates
The Non to Resident External (NRE) Deposit rates for ICICI Bank within the range of 6.70% p.a. and 7.25% p.a.
The ICICI Bank Non to Resident Ordinary (NRO) FD rates start from 3.00% p.a. to 7.10% p.a.
ICICI Bank NRE Deposit Rates Deposits of less than Rs.2 crore
Tenure | Regular FD rates (per annum) |
1 year to 389 days | 6.70% |
15 months to < 18 months | 7.25% |
18 months upto 2 years | 7.25% |
2 years 1 day upto 5 years | 7.00% |
5 years 1 day upto 10 years | 6.90% |
Note: The ICICI Bank NRE interest rates are subject to change as per the discretion of the bank. The rates given in the table have been update on 28 March 2025.
ICICI Bank Penal interest rates for NRE Premature Withdrawal
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 | >Less than Rs.5 crore | More than Rs.5 crore |
1 year and more but less than 5 years | 1.00 | 1.00 |
5 years and more | 1.00 | 1.50 |
ICICI Bank NRO Deposit Rates Deposits of less than Rs.2 crore
Tenure | Interest Rates (p.a.) |
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 184 days | 4.75% |
185 days to 270 days | 5.75% |
271 days to 289 days | 6.00% |
290 days < 1 year | 6.00% |
1 year to 389 days | 6.70% |
390 days to < 15 months | 6.70% |
15 months to < 18 months | 7.27% |
18 months upto 2 years | 7.27% |
2 years 1 day upto 3 years | 7.00% |
3 years 1 day upto 5 years | 7.00% |
5 years 1 day upto 10 years | 6.90% |
5 Years (80C FD) | 7.00% |
Note: The interest rates mentioned here have been updated on 28 March 2025.
ICICI Bank Penalty for Premature Withdrawal of NRO FD
Tenure range | Less than Rs.5 crore | More than Rs.5 crore |
Less than 1 year | 0.50% | 0.50% |
1 year and more but less than 5 years | 1.00% | 1.00% |
5 years and more | 1.00% | 1.50% |
Highlights of ICICI Bank NRI deposit rates
- Highest ICICI Bank NRE FD rate is 6.90% p.a. for a tenure of more than 5 years to 10 years.
- One can get a maximum rate of 7.00% p.a. for a tenure of more than 5 years to 10 years for NRO deposits.
ICICI Bank Foreign Currency Non to Resident (FCNR) Deposit Rates
Tenure | USD | SGD | GBP | AUD | CAD |
Above 1 year to less than 2 years | 5.00 | 3.25 | 4.75 | 4.40 | 3.00 |
Above 2 years to less than 3 years | 4.00 | 2.75 | 4.00 | 3.75 | 2.50 |
Above 3 years to less than 4 years | 3.65 | NA | NA | NA | NA |
Above 4 years to less than 5 years | 3.30 | NA | NA | NA | NA |
5 years | 3.30 | NA | NA | NA | NA |
Note : The ICICI Bank FCNR interest rates are subject to change as per the discretion of the bank. The rates given in the table have been updated on 28 March 2025.
FAQs on ICICI NRI Fixed Deposit
- How much funds can I repatriate from my ICICI Bank NRO account?
You can repatriate up to $1 million per financial year for bonafide purposes from your NRO account.
- How much am I allowed to repatriate from my ICICI Bank NRE fixed deposit account?
The principal amount as well as the interest amount earned on your ICICI Bank NRE fixed deposit account are fully repatriable to India.
- Does ICICI Bank have an NRI Tax Saver FD?
Yes, ICICI Bank has a Non Resident Ordinary (NRO) 80C Tax Saver Fixed Deposit account where you can get a tax deduction of up to Rs.1.5 lakh in the financial year where the investment was made. This is under Section 80C of the Income Tax Act. There is a lock-in period of five years. The minimum deposit is Rs.25,000 while the maximum deposit is Rs.1.5 lakh. Only a one-time lump-sum deposit is allowed. The interest earned is taxed as per the Tax Deduction at Source (TDS) rules. You can add a joint holder who can be an Indian Resident or another Non Resident Indian as well.
- Is it possible to take a loan against my ICICI Bank NRO FD?
Yes, you can take a loan against your ICICI Bank NRO FD. You can avail a loan that is up to 90% of your FD and pay it back with interest rates that are lower than taking a retail loan separately.
- How much should I pay in taxes for the interest on my ICICI Bank NRE Fixed Deposit account?
The interest earned on your ICICI Bank NRE FD account is not taxable in India.
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