|Maturity Period||Rate of Interest (% p.a.) - General||Rate of Interest (% p.a.) - Senior|
|Above 3 years upto 5 years||6.5||7|
|Above 5 years upto 10 years||6.5||7|
Get the Highest Interest Rates on ICICI Bank Recurring Deposit
ICICI Bank provides a lot of benefits to its customers through its products. Among its products, recurring deposit is a very popular one as it offers attractive rates of interest to the depositors. The bank also offers a flexible recurring deposit scheme called ‘iWish’, which frees people from the penalty which is charged for missed payments. One can deposit money for a minimum period of 6 months (after that in multiples of three months) and a maximum period of 10 years in an ICICI Bank RD account where the minimum amount to be deposited is Rs.500 per month.
ICICI Bank Short-Term RD Interest Rates
ICICI Bank provides the option of opening a recurring deposit account to its depositors for a short term period. Depositors can invest money with the bank for a period of 6 months, 9 months, 12 months and 15 months. The interest rate for this time period is 6.00%, 6.25%, 6.75%, 6.75%.
Through its iWish scheme, the bank offers an interest rate ranging between 6.00% and 6.75% per annum for short term deposits i.e 6 months to 24 months.
ICICI Bank Medium and Long Term RD Interest Rates
ICICI Bank allows its depositors to open a medium and long term recurring deposit account as well. The medium term recurring deposit account can be opened for a period of more than 3 years and up to 5 years while a long term recurring deposit account can be opened for a period of more than 5 years and up to 10 years. Depositors can earn an interest rate of 6.50% per annum on medium term deposits and 6.50% per annum on long term deposits.
The iWish scheme offers an interest rate of 6.50% per annum for medium term deposits i.e 37 months - 5 years and a rate of 6.50% per annum for long term deposits i.e 5 years 1 day - 10 years.
ICICI Bank Senior Citizen RD Interest Rates
Senior Citizens can open a recurring deposit account with ICICI Bank and earn attractive rates of interest on their investment. They can earn 6.50% to 7.25% per annum interest rates on short- term deposits i.e 6 months to 21 months, 7.25% per annum on medium term deposits and 7.00% per annum on long term deposits.
The senior citizens are eligible to apply for the iWish scheme, which offers an interest rate ranging between 6.50% and 7.25% per annum for short term deposits to them. For medium term deposits, the scheme offers them an interest rate of 7.25% per annum and a rate of 7.00% per annum for long term deposits.
More you need to know about Recurring Deposit
- ICICI Recurring Deposit
- Recurring Deposit
- Compare RD Interest Rates of ICICI Bank with Other Banks and Institutions
ICICI Bank RD Schemes
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