• 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 4.90% p.a. and 5.50% p.a. The ICICI Bank Non to Resident Ordinary (NRO) FD rates start from 2.50% p.a. to 5.50% p.a.

    ICICI Bank NRE Deposit Rates: Deposits of less than Rs.2 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
    1 year to 389 days 4.90% N/A
    390 days to less than 18 months 4.90% N/A
    18 months to 2 years 5.00% N/A
    2 years 1 day to 3 years 5.15% N/A
    3 years 1 day to 5 years 5.35% N/A
    5 years 1 day to 10 years 5.50% 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 01 March 2021.

    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
    Penalty rates p.a.
    >Less than Rs.5 crore More than Rs.5 crore
    1 year and more but less than 5 years 1.00% 1.50%
    5 years and more 1.00% 1.50%

    ICICI Bank NRO Deposit rates: Deposits of less than Rs.2 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
    7 to 14 days 2.50% N/A
    15 to 29 days 2.50% N/A
    30 days to 45 days 3.00% N/A
    46 days to 60 days 3.00% N/A
    61 days to 90 days 3.00% N/A
    91 days to 120 days 3.50% N/A
    121 days to 184 days 3.50% N/A
    185 days to 289 days 4.40% N/A
    290 days to less than 1 year 4.40% N/A
    1 years to 389 days 4.90% N/A
    390 days to less than 18 months 4.90% N/A
    18 months to 2 years 5.00% N/A
    2 years 1 day to 3 years 5.15% N/A
    3 years 1 day to 5 years 5.35% N/A
    5 years 1 day to 10 years 5.50% N/A
    5 years (80C FD) 5.35% 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 01 March 2021.

    ICICI Bank Penalty for Premature Withdrawal of NRO FD

    Tenure range
    Penalty rates p.a.
    >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 5.50% p.a. for a tenure of more than 5 years to 10 years.
    • One can get a maximum rate of 5.50% 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
    Interest Rates (% p.a.) effective from 1 March 2021
    USD GBP JPY CAD AUD SGD HKD
    12 months to less than 24 months 0.22 0.01 0.01 0.22 0.01 0.22 0.04
    24 months to less than 36 months 0.26 0.10 0.01 0.28 0.07 0.32 0.10
    36 months to less than 48 months 0.44 NA NA NA NA NA NA
    48 months to less than 60 months 0.65 NA NA NA NA NA NA
    60 months 0.87 NA NA NA NA NA NA

    *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 1 March 2021.

    FAQs on ICICI NRI Fixed Deposit

    1. 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.

    2. 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.

    3. 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.

    4. 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.

    5. 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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    ICICI NRI FD Rates Reviews

    • ICICI Bank
      "Customer centrice & User friendly app"
      0.5 4.0/5 "Great!"
      I am doing Fixed Deposit with ICICI BANK and its been around 5years. They haven't been paying good interest and its more or less same like other banks as I used to hold my salary account with ICICI, I have decided to be with one bank. There is no locking period and its flexible. They do give good support and the app is user friendly. Even deposit account can be opened through i-mobile or net banking itself.
      Was this review helpful? 26
      , nasik
      Reviewed on Oct 15, 2019
    • ICICI Bank
      ICICI Bank
      "Good"
      0.5 5.0/5 "Blown Away!"
      I just opened a Fixed Deposit with ICICI BANK and have not done any survey on this. I am account holder with them so it was easy to do FD account even they are providing 7% interest rate. The process is very user friendly and never faced any hassle. I could access this account via online.
      Was this review helpful? 13
      , new delhi
      Reviewed on Aug 21, 2019
    • ICICI Bank
      "Good"
      0.5 4.0/5 "Great!"
      I have invested my FD with ICICI BANK and also have a 3in1 account with them. The interest rate is pretty good. Recently started before 6months, I can do premature withdrawal and also have selected a locking period of 3 years. The customer service is good and overall am satisfied with this bank.
      Was this review helpful? 7
      , mumbai
      Reviewed on Aug 01, 2019
    • ICICI Bank
      "Good investment for future"
      0.5 4.0/5 "Great!"
      I opened fixed deposit with ICICI it gives tax benefits upto 80 c section, I invest Rs. 50,000 as a one time investment it has the term of five years. The online banking is good to deposit the money to take the liquidity, I have option to track the FD details also netbanking.
      Was this review helpful? 13
      , bangalore
      Reviewed on Jul 19, 2019
    • ICICI Bank
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been taken my fixed deposit ICICI bank from long time, Their service is good, i have deposit certain amount which will get mature after five years once it will get mature again i will deposit , their interest rate is less comparing to other bank.
      Was this review helpful? 4
      , chennai
      Reviewed on Jun 29, 2019
    • ICICI Bank
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I did a Fixed deposit in ICICI BANK for my kids because I got my salary account and also have opened separate account for my kids and wife on the same bank so its easy to do the payment and linked together. The interest rate is 6.75% moreover the options are very flexible, the locking period is like 1month , 3 months, one year,etc and even the online services are enabled. Whenever I have good amount on the account so go for FD on the selected month, the interest amount will be credited into account.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Jun 11, 2019
    • ICICI Bank
      "Have to be more quick in their procedure"
      0.5 3.0/5 "Satisfactory"
      I have Fixed Deposit with ICICI also which was matured earlier even it was a tax free accounts they are charging some amount. Before the financial year completion, i need to submit the document to income department to get my fund but the procedure is too long and I did not get the money. I had done investment of 1L and 0.50L which am unhappy. I would suggest them to provide the bills on time after this experience have stopped investing with them.
      Was this review helpful? 6
      , hyderabad
      Reviewed on May 12, 2019
    • ICICI Bank
      "Good Accesibility"
      0.5 5.0/5 "Blown Away!"
      My fixed deposit with ICICI, I have opened the account through online just from the I mobile. I invested around Rs. 1 lakh its for long duration. The interest is good, I can withdraw the money through online banking without any charges. I am very fine with them.
      Was this review helpful? 9
      , indore
      Reviewed on Apr 03, 2019
    • ICICI Bank
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My fixed deposit is with ICICI Bank. I can open and close this account online. The interest I earn is satisfactory. The customer services and response is good and in all it is a smooth process and there are no unwanted charges taken for the same.
      Was this review helpful? 7
      , chennai
      Reviewed on Mar 10, 2019
    • ICICI Bank
      "Attractive interest with best saving"
      0.5 5.0/5 "Blown Away!"
      As per the current financial year they are providing 7.2% of interest on the fixed deposit, I can deposit minimum of Rs. 5000 to upto 5 crores. I have activated ICICI Fixed deposit through online, the account got activated on the same day. There is no charges for prematurity .
      Was this review helpful? 7
      , thane
      Reviewed on Mar 08, 2019
    • ICICI Bank
      "Need to increase the interest rate"
      0.5 5.0/5 "Blown Away!"
      I do have a fixed deposit account with ICICI and it was taken recently. I have chosen ICICI because my salary and saving account was maintained with them. I am getting good response from the customer service. They are giving average interest rate. I do monthly deposit of less than 50K.
      Was this review helpful? 6
      , mumbai
      Reviewed on Feb 09, 2019
    • ICICI Bank
      "Smart Investment"
      0.5 5.0/5 "Blown Away!"
      In ICICI fixed deposit interest rate is around 6.75% per annum, I opened the FD through online. I have invested Rs. 1 lakh they wont take any charges for the pre matured fixed interest. I believe the interest rate is good compared to the government bank.
      Was this review helpful? 5
      , yamuna nagar
      Reviewed on Jan 10, 2019
    • ICICI Bank
      "Good Deposit"
      0.5 5.0/5 "Blown Away!"
      I have invested a fixed deposit with ICICI. There is no reason for selected this bank. They have offered me a interest rate of 6.5% and there is no processing fee. I have invested the money 8 months before. This is a one year plan. I'm happy about the services provided by the ICICI for this account
      Was this review helpful? 3
      , thane
      Reviewed on Jan 04, 2019
    • ICICI Bank
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My fixed deposit is with ICICI Bank. I had to go to the bank and meet the executive and open the account. I can close the account online. There is a lock in period for 12 to 13 months. The interest I earn is satisfactory. I have a deposit of 70K. Overall good.
      Was this review helpful? 4
      , new delhi
      Reviewed on Dec 07, 2018
    • ICICI Bank
      "Nice bank for fixed deposit"
      0.5 5.0/5 "Blown Away!"
      In 2010, i have done a fixed deposit with ICICI. Every year its been renewing automatically. Since my working in ICICI bank, he has recommended me about the fixed deposit plan. The amount was Rs. 2 lakhs. They have given me a interest rate 7.8% and they have increased the interest rate last year. The ICICI services are upto the mark.
      Was this review helpful? 5
      , chennai
      Reviewed on Nov 30, 2018
    • ICICI Bank
      "Good Savings"
      0.5 4.0/5 "Great!"
      I don't get any attractive offers but they are providing standard interest for the Fixed deposit being an existing customer of ICICI bank. Right now the government is providing around 6% of interest for FD account for per annum. I can access FD bank through online banking.
      Was this review helpful? 3
      , mumbai
      Reviewed on Nov 26, 2018
    • ICICI Bank
      "Good Investment"
      0.5 5.0/5 "Blown Away!"
      ICICI bank fixed deposit interest rate is good as per the RBI guidelines, I have selected the period of five years on FD account. So far I have deposited some good amount, as per my experience its good. I could make the payment through online as well.
      Was this review helpful? 7
      , chennai
      Reviewed on Nov 12, 2018
    • ICICI Bank
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I have all my products with ICICI, even I do have fixed deposit with them. I used to deposit the money on yearly basis around Rs. 50,000. I opened this account before one year, the bank will provide the interest rate upto 7.25% of yearly basis.
      Was this review helpful? 4
      , bhubaneshwar
      Reviewed on Nov 02, 2018
    • ICICI Bank
      "Good Investment Plan"
      0.5 4.5/5 "Excellent!"
      I have taken Fixed deposit account from Icici bank where am getting income tax benefits from them . There is no charges for the account . Where they are giving good rate of interest i have chosen 5 years of tenure plan for the deposit . Overall am satisfied with the service and response .
      Was this review helpful? 7
      , hyderabad
      Reviewed on Oct 26, 2018
    • ICICI Bank
      "Good Investment Plan"
      0.5 4.0/5 "Great!"
      I have taken fixed deposit account in ICICI Bank . They are not charging any charges for the account . I used to get income tax benefits . Am satisfied with the customer service and response.They are giving good rate of interest . Overall am happy with my account .
      Was this review helpful? 5
      , hyderabad
      Reviewed on Oct 06, 2018
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