|Above 3 years upto 5 years||7.25||7.75|
|Above 5 years upto 10 years||7.25||7.75|
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 7.00%, 7.25%, 7.40%, 7.50%.
Through its iWish scheme, the bank offers an interest rate ranging between 7 percent and 7.75 percent per annum for short term deposits.
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 7.50 percent per annum on medium term deposits and 7.25 percent per annum on long term deposits.
The iWish scheme offers an interest rate of 7.75 percent per annum for medium term deposits and a rate of 7.5 percent per annum for long term deposits.
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 7.5 percent to 8.00 percent per annum interest rates on short- term deposits, 8.00 percent per annum on medium term deposits and 7.75 percent per annum on long term deposits.
The senior citizens are eligible to apply for the iWish scheme, which offers an interest rate ranging between 7.5 percent and 8.25 percent per annum for short term deposits to them. For medium term deposits, the scheme offers them an interest rate of 8.25 percent per annum and a rate of 8 percent 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
Read More Articles On RD
- Best Recurring Deposits in India
- Recurring Deposit Interest Rates of All Banks
- Tax on Recurring Deposit Interest Rates
Know how to Link Your KYC Dcuments to ICICI Bank Account
News About ICICI Bank Recurring Deposit Interest Rates
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.
22nd August 2016