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  • ICICI RD Interest Rates

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    ICICI recurring deposit account offers varying rate of returns on different tenures ranging from 6 months to 10 years. The term periods on recurring deposit account option by ICICI bank is divided into short-term, medium-term and long-term tenures. A short-term tenure lasts from 6 months to a year. A medium-term tenure ranges from more than a year to less than 5 years, and a long-term tenure lasts from more than 5 years to less than 10 years.

    The ICICI RD Interest Rates for different tenures w.e.f. 14 August 2018, is mentioned in the table below:

    Tenure Regular RD Interest Rates (p.a) Senior Citizen RD Interest Rates (p.a)
    6 months 6.00% 6.50%
    9 months6.50%7.00%
    12 months6.75%7.25%
    15 months7.00%7.50%
    18 months7.00%7.50%
    21 months7.00%7.50%
    24 months7.00%7.50%
    27 months7.25%7.75%
    30 months7.25%7.75%
    33 months7.25%7.75%
    36 months7.25%7.75%
    Above 3 years upto 5 years7.25%7.75%
    Above 5 years upto 10 years7.00%7.50%

    *The above interest rates are for investments less than Rs.1 crore

    Important Information to Note for ICICI Recurring Deposit Scheme

    Minimum Amount to be deposited Rs. 500 (After the initial amount, multiples of Rs.100 can be submitted.)
    Tenure 6 months to 10 years
    Additional Interest rate for senior citizen 0.50%
    What is the maximum interest rate and in which tenure is it offered? 7.25% for regular citizens and 7.75% for senior citizens for the term periods 27 months, 30 months, 33 months, 36 months and 3-5 years.
    Eligibility Criteria The applicant should be a Resident Indian
    Penalty on delayed installment A penalty fine of Rs.12 for every Rs.1,000 deposited in an ICICI recurring deposit account.

    Documents Required for ICICI Recurring Deposit

    • For identity proof, the documents accepted are Passport PAN card Voter ID card, Driving licence, Government ID card and Senior citizen ID card.
    • For address proof, the documents required are Passport, Telephone bill, Electricity bill, Bank Statement along with Cheque Certificate and ID card issued by Post office.

    Premature Withdrawal of ICICI Recurring Deposit

    If an ICICI recurring deposit account holder wants to prematurely withdraw money from the account, he or she can avail the interest rate for the term period for which the deposited amount has been kept in the ICICI bank. Additional charges levied by the bank for premature withdrawal are as below:

    Tenure Penal rates (less than Rs.5 crore) Penal rates( more than Rs.5 crore)
    Less than 1 year 0.50% 0.50%
    1 year & above but less than 5 years 1.00% 1.00%
    5 years and above 1.00% 1.50%

    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, the ICICI Recurring Deposit Account 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.

    Short-Term ICICI RD Interest Rate

    • ICICI Bank provides the option of opening a recurring deposit 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. The interest rate for this time period is 6.00%, 6.50% and 6.75% respectively.

    Medium-Term and Long-Term ICICI 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 a year up to 5 years, while a long-term recurring deposit account can be opened for a period of more than 5 years up to 10 years.
    • Depositors can earn an interest rate of 7.25% per annum on medium term deposits and 7.00% per annum on long-term deposits.

    ICICI Bank Senior Citizen RD Rates

    • Senior citizens are offered additional 0.50% interest rate on the rates offered to regular citizens by ICICI recurring deposit scheme.
    • For the short-term tenure, ICICI RD scheme offers interest ranging from 6.50% to 7.25%.
    • For the medium- and long-term tenure, the ICICI RD scheme offers rate of return ranging from 7.50% to 7.75%, and 7.50% respectively.

    Different ICICI Bank Recurring Deposit Schemes

    ICICI bank offers two different types of recurring deposit schemes. These are:

    • Delightful ICICI recurring deposit account: The ICICI Delightful recurring deposit scheme has been specially designed for people who are interested in buying designer jewellery or those who always wanted to visit their dream destination. ICICI bank in partnership with Tanishq, Croma and Thomas Cook offers attractive rate of return on deposits in this scheme.
    • ICICI iWish Flexible Recurring Deposit account: The ICICI iWish Flexible Recurring Deposit Scheme allows a person to deposit their money anytime without worrying about charges levied for delayed payments.

    More you need to know about Recurring Deposit

    Read More Articles On RD

    Know how to Link Your KYC Dcuments to ICICI Bank Account

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    News About ICICI Bank Recurring Deposit Interest Rates

    • ICICI Bank Cuts Interest Rates on Savings Accounts

      Along with other financial institutions, ICICI bank has also cut interests on saving accounts by 0.5% p.a. All deposits below Rs.50 lakh will receive an interest rate of only 3.5% p.a. as opposed to the previous interest rate offered by the bank of 4% p.a. However, all deposits above Rs.50 lakh will receive the long-standing interest rate of 4% p.a.

      19 August 2017

    • Brokerages Predict ICICI Bank Profits to DIp 20% for Q2 Results, Amid Higher NPAs

      ICICI Bank which is considered as India’s largest lending company is believed by experts to report poor second quarter results for this financial year. This prediction has been made based on many brokerages forecasting a double-digit fall in profit amid poor sales and the rise in NPA. However, the experts still believe that ICICI may have enough capital lead by the sale in stake in the bank’s insurance section.

      7 November 2016

    • ICICI Bank Revises Interest Rates for Recurring Deposits

      ICICI have revised the interest rates offered for their recurring deposits. While the interest rates offered for recurring deposits with varying tenures remains by and large the same, the rates offered for a particular tenure, namely a tenure of 9 months has seen revisions. Earlier deposits with a tenure of 9 months offered interest rates of 7.25% p.a. for general and 7.75% p.a. for senior citizens. This has been changed to 6.75% p.a. for general and 7.25% p.a. for senior citizens. The change in interest rates has been in effect from 22nd August 2016. The tenure limits however remain the same with a minimum tenure requirement of 6 months and a maximum tenure of 10 years.

      22 August 2016

    Recurring Deposit - Sitemap

    ICICI RD Rates Reviews

  • Page 1 of 9 1 2 3 4 5
    • ICICI Bank Recurring Deposit
      "Good Experience"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have a recurring deposit in ICICI. Every month i have been depositing a particular amount and i will be getting good benefits. I don't use the customer care service. Online services always I'm using and i will look up on. Every 1 year i have been renewing the Recurring deposit when its coming to my account. Somewhere around 7.5% interest rate i will get from this recurring deposit.
      Was this review helpful? 3
      , faridabad
      Reviewed on Nov 22, 2018
    • ICICI Bank Recurring Deposit
      "Wonderful"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have the recurring deposit account with the ICICI bank and the interest rate is good. Online banking services are good one with the ICICI bank. I dont think about the interest rate and other aspects. Everything is better one with the ICICI bank.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 15, 2018
    • ICICI Bank Recurring Deposit
      "Good service"
      ICICI BANK
      0.5 4.0/5 "Great!"
      I have a Recurring Deposit from ICICI bank from last 3 years, the services are pretty good when compared to all other banks. I pay an amount of Rs 1500 every month and the interest rate is satisfactory. Customer service is good and they responded on time. I am happy with the returns with this bank which is 9%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2018
    • ICICI Bank Recurring Deposit
      "Recurring deposit with ICICI"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      With ICICI bank i have opened a recurring deposit. Monthly i have to transfer 2500 rupees. The tenure which i have chosen was for 1 year. The rate of interest which they are providing was 7%. Its a good interest rate. After one year i can withdraw this amount, and it will be automatically credited to salary account.
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 20, 2017
    • ICICI Bank Recurring Deposit
      "Good saving and convenient saving"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      ICICI recurring deposit is very convenient to access through online, I opened RD through netbanking it was simple. Currently I am investing Rs.5000 for a year , I get 6.9% of interest per annum. I am could do the liquidity through online, but there was some charge applicable around Rs.300.
      Was this review helpful? 2
      , pune
      Reviewed on Oct 12, 2017
    • ICICI Bank Recurring Deposit
      "Best"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I am having the recurring deposit with the ICICI bnak and the interest rate is around 8.5%, also their customer service is nice one for me, also their response too. Online banking services are good one with the ICICI bank.
      Was this review helpful? 0
      , panvel
      Reviewed on Oct 07, 2017
    • ICICI Bank Recurring Deposit
      "Good returns on long term investment"
      ICICI BANK
      0.5 4.0/5 "Great!"
      For people like me who spend a lot, best option to save some money is by starting to save first and spend later. In order to achieve this I have invested in recurring deposits for 3 times in ICICI bank.you can do this instantaneously without any documentation using your phone if you have a savings account and phone banking.interest rates are as per government
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 20, 2017
    • ICICI Bank Recurring Deposit
      "Easy process"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      Six months ago, I applied for a recurring deposit and I opened this account online. The process was simple and I am pleased with the interest rate I earn on it. There are no charges taken and when I close the account, I would get the funds in my account immediately.
      Was this review helpful? 1
      , delhi
      Reviewed on Aug 31, 2017
    • ICICI Bank Recurring Deposit
      "Good bank to go for RD"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have Recurring deposit with ICICI, I am investing monthly amount of Rs. 1000 for the period of six months. If I receive the good interest then I continue it.. I opened the RD through netbanking its easy and also I could view the RD summary in it.
      Was this review helpful? 2
      , new delhi
      Reviewed on Aug 19, 2017
    • ICICI Bank Recurring Deposit
      "My RD"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      For ICICI Bank recurring deposit my feedback would be, I am a customer of ICICI therefore I decided to opt for RD through this bank it is very easy to make the payment and it is as good as my credit card. Interest rate is very much higher compartively, so therefore I had chosen ICICI for RD.
      Was this review helpful? 1
      , madurai
      Reviewed on Aug 10, 2017
    • ICICI Bank Recurring Deposit
      "Short term investment"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      Initially ICICI gave me good interest rate for my recurring deposit, but for premature interest rate is not upto the mark and they not giving proper information. I am paying Rs. 2000 on monthly basis, they offered me the interest rate around 7.25% its good for short time investment.
      Was this review helpful? 3
      , chennai
      Reviewed on Jun 30, 2017
    • ICICI Bank Recurring Deposit
      "Very Good service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have opened the Recurring deposit with ICICI bank around 2 months ago. The benefits are really good with the RD. I am receiving the interest rate of 7% but being an bank employee, I got 8% for my RD. I pay around Rs.5000 every month and this was for a period of 3 years. I would say it is good for safety purpose and I got sufficient finanical support from them too.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jun 20, 2017
    • ICICI Bank Recurring Deposit
      "Good for saving"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      The positive with the Recurring deposit is the amount which get debits automatically to my Recurring deposit account during the end of the year, I will be getting a bulk amount with RD account. The rate of interest is good with ICICI bank, it is comparable with others. I am happy to hold a Recurring Deposit with ICICI bank.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 15, 2017
    • ICICI Bank Recurring Deposit
      "Safety locker"
      ICICI BANK
      0.5 4.0/5 "Great!"
      I hold a recurring deposit with ICICI bank and I got it around 6 months ago. I get good benefits with this very good savings plan. It is flexible because when I need in money anytime, I can with draw and I can switch the amount to savings account, Which is helpful for the safety purposes. The rate of interest I am getting is nominal here.
      Was this review helpful? 3
      , mumbai
      Reviewed on May 15, 2017
    • ICICI Bank Recurring Deposit
      "Very good services in deposit"
      ICICI BANK
      0.5 4.5/5 "Excellent!"
      I am having the recurring deposit account with the ICICI bank and the interest rate was around 7% per annum. Services were good and I would like to say for deposit ICICI bank is up to the mark. Its easy to track the account through online and mobile application.
      Was this review helpful? 10
      , hyderabad
      Reviewed on May 10, 2017
    • ICICI Bank Recurring Deposit
      "Amazing experience"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      Interest rate with the ICICI bank for the recurring deposit was around 7% to 7.5% and am with them from the last five to six years of time. Minimum lock in period is nil and maximum is around ten years of time. There will be nil penalty for withdrawing the money duriong prematurity period. Netbanking services are fine with the ICICI bank.
      Was this review helpful? 4
      , faridabad
      Reviewed on Apr 22, 2017
    • ICICI Bank Recurring Deposit
      "Best one"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have recurring deposit account with the Oriental bank of commerce and the interest rate is around 8.75% and its only for employee. There is no penalty charges and am having this account from the last two years of time and the tenure is around five years of time , also it can even open for seven days of time.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Apr 19, 2017
    • ICICI Bank Recurring Deposit
      "Satisfactory Service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I had opened my RD account in ICICI bank. Their tenure period is very much flexible and convenient. The rate of interest provided by them is quite good. I am maintaining this for quite long time. I am a long term customer of ICICI bank, even I hold multiple accounts with them because their services are really good and satisfactory.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Mar 10, 2017
    • ICICI Bank Recurring Deposit
      "Goal to Achieve "
      ICICI BANK
      0.5 4.0/5 "Great!"
      I have opened my I Wish RD account in ICICI on November 2016. It is very much flexible and I could deposit Rs. 5000 to maximum amount in I wish RD account. I have taken the tenure of six months, ICICI offers the interest rate of 6.25% for six months and 6.75% for one year.
      Was this review helpful? 4
      , noida
      Reviewed on Feb 13, 2017
    • ICICI Bank Recurring Deposit
      "Good for saving"
      ICICI BANK
      0.5 4.0/5 "Great!"
      I have opened my RD account in ICICI on September 2016, I used to pay the premium amount of Rs. 15,000 for one years. ICICI offers the RD interest rate of 6.7% it is nominal like other banks. After the maturity period of one year, I will be getting the Premium + Interest rate of Rs.1,87,000. I used to make online RD payment through netbanking it is very convenient.
      Was this review helpful? 2
      , noida
      Reviewed on Feb 13, 2017
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