ICICI NRI FD Rates - NRE / NRO / FCNR / RFC
ICICI Bank NRI FD rates for NRE and NRO deposits currently range from 2.75% to 6.50% p.a. depending on tenure, while FCNR and RFC deposits carry separate currency-linked rates. NRIs can choose from the NRE, NRO, FCNR and RFC fixed deposit schemes based on their repatriation and currency needs.
ICICI Bank NRI Fixed Deposits Rates
The Non-Resident External (NRE) Deposit rates for ICICI Bank are within the range of 6.25% p.a. and 6.50% p.a.
The ICICI Bank Non-Resident Ordinary (NRO) FD rates start from 2.75% p.a. and go up to 6.50% p.a.
ICICI Bank NRE Deposit Rates Deposits of less than Rs.3 crore
Tenure | Regular FD rates (p.a.) |
1 Year to < 18 Months | 6.25% |
18 months upto 2 years | 6.30% |
2 years 1 day upto 3 years | 6.45% |
3 years 1 day upto 5 years | 6.50% |
5 years 1 day upto 10 years | 6.50% |
Note: The interest rates are effective from 04 September 2026. The ICICI Bank NRE interest rates are subject to change as per the discretion of the bank.
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.25 crore | Rs.25 crore and above |
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.3 crore
Tenure | Interest Rates (p.a.) |
7 to 45 Days | 2.75% |
46 to 90 Days | 4.00% |
91 to 184 Days | 4.50% |
185 to < 1 Year | 5.50% |
1 Year to < 18 Months | 6.25% |
18 months upto 2 years | 6.30% |
2 years 1 day upto 3 years | 6.45% |
3 years 1 day upto 5 years | 6.50% |
5 years 1 day upto 10 years | 6.50% |
5 Years (80C FD) | 6.50% |
Note: The interest rates are effective from 04 September 2026.
ICICI Bank Penalty for Premature Withdrawal of NRO FD
Tenure range | Less than Rs.25 crore | Rs.25 crore and above |
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 6.50% p.a. for a tenure of 3 years 1 day and above.
- One can get a maximum rate of 6.50% p.a. for a tenure of 3 years 1 day and above for NRO deposits.
ICICI Bank Foreign Currency Non-Resident (FCNR) Deposit Rates
Tenure | USD (p.a.) | SGD (p.a.) | GBP (p.a.) | AUD (p.a.) | CAD (p.a.) |
Above 1 year to less than 2 years | 3.75 | 1.15 | 3.80 | 4.25 | 2.25 |
Above 2 years to less than 3 years | 3.50 | 1.00 | 3.65 | 3.90 | 2.20 |
Above 3 years to less than 4 years | 3.25 | NA | NA | NA | NA |
Above 4 years to less than 5 years | 3.25 | NA | NA | NA | NA |
5 years | 3.25 | NA | NA | NA | NA |
Note: The interest rates are effective from 01 September 2026. The ICICI Bank FCNR interest rates are subject to change as per the discretion of the bank.
ICICI Bank RFC Deposit Rates
ICICI Bank also offers a Resident Foreign Currency (RFC) deposit for returning NRIs who want to hold their foreign earnings in a foreign currency after becoming Indian residents. RFC deposits are available in US Dollars, with rates depending on tenure.
Tenure | USD (p.a.) |
30 days to less than 6 months | 0.75% |
6 months to less than 1 year | 1.00% |
1 year to less than 2 years | 3.75% |
2 years to less than 3 years | 3.50% |
3 years | 3.25% |
Note: The interest rates are effective from 01 September 2026.
Summary
ICICI Bank offers NRI fixed deposits under the NRE, NRO, FCNR and RFC schemes, with NRE and NRO rates currently between 2.75% p.a. and 6.50% p.a. and separate currency-linked rates on FCNR and RFC deposits. NRE and FCNR interest is tax-free and freely repatriable, while NRO deposit interest is subject to TDS and capped repatriation limits. Compare tenures and premature withdrawal terms above before booking an ICICI NRI FD online or at a branch.
FAQs on ICICI NRI Fixed Deposit
1.What is an ICICI NRI FD?
An ICICI NRI FD is a fixed deposit that Non-Resident Indians can open with ICICI Bank under the NRE, NRO, FCNR or RFC scheme. Each scheme differs in the currency accepted, the repatriability of funds, and how the interest is taxed in India.
2.What is the difference between an ICICI NRE FD and an ICICI NRO FD?
An ICICI NRE FD holds foreign earnings converted to rupees, with interest that is tax-free and fully repatriable outside India. An ICICI NRO FD holds income earned in India, such as rent or dividends, with interest that is taxable and subject to RBI repatriation limits.
3.What is the minimum tenure for an ICICI NRI FD?
An ICICI Bank NRE fixed deposit must be booked for a minimum of one year, while an ICICI Bank NRO fixed deposit can be opened for tenures as short as seven days. ICICI FCNR and RFC deposits have their own minimum tenures, shown in the tables above.
4.Is interest on an ICICI NRE FD taxable in India?
No, interest earned on an ICICI Bank NRE fixed deposit is exempt from tax in India. Interest on an ICICI Bank NRO fixed deposit, by contrast, is subject to TDS deduction under Indian income tax rules.
5.How much can I repatriate from my ICICI Bank NRO account?
You can repatriate funds from your ICICI Bank NRO account, including NRO fixed deposit proceeds, up to the annual limit set by the RBI for bonafide purposes. This is subject to submitting the required documentation and paying applicable taxes.
6.How much can I repatriate from my ICICI Bank NRE fixed deposit?
Both the principal and the interest on an ICICI Bank NRE fixed deposit are fully and freely repatriable outside India. There is no separate cap on repatriating NRE FD proceeds, unlike an NRO account.
7.What happens if I withdraw my ICICI NRI FD before maturity?
ICICI Bank charges a premature withdrawal penalty on NRE and NRO fixed deposits that varies by deposit tenure and amount, as shown in the penalty tables above. An ICICI NRE FD earns no interest at all if it is withdrawn before completing one year.
8.Does ICICI Bank offer a tax-saving NRI FD?
Yes, ICICI Bank offers an NRO 80C Tax Saver Fixed Deposit that qualifies for a deduction under Section 80C of the Income Tax Act, subject to a five-year lock-in period. It accepts only a one-time lump sum deposit, and interest is taxed as per applicable TDS rules.
9.Can I take a loan against my ICICI NRI FD?
Yes, ICICI Bank lets NRE and NRO fixed deposit holders borrow against their FD through an overdraft facility, usually at a lower interest rate than a regular retail loan. The deposit continues to earn interest for its full tenure even while a loan is drawn against it.
10.How do I open an ICICI NRI fixed deposit?
You can open an ICICI Bank NRI fixed deposit online through net banking or the iMobile app if you already hold an NRE, NRO, FCNR or RFC account. You can also visit an ICICI Bank branch or NRI service centre with your KYC documents to book the FD in person.
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