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NRI Fixed Deposits (FD)

Higher Returns, Complete Security

ICICI Bank offers NRE Fixed Deposits for minimum tenure of 1 year and NRO Fixed deposits for minimum tenure of 7 days.

How Much Amount Do You Want To Invest in Fixed Deposit?

₹10 L ₹1 Cr ₹10 Cr ₹50 Cr ₹100 Cr ₹500 Cr

When Would You Like To Receive The Interest?

On Maturity Monthly Quarterly

Find The Best Interest Rates And Duration

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For Tenure of -

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For Tenure of -

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For Tenure of -
HIGHEST

Interest Rate

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Effective Yield

The actual annual return on your Fixed Deposit, including compounding effects.

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Maturity Amount

-

Total Interest

-

-

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Duration

1Y 3M 1D

Maturity Date

-

Note: The above calculation does not include TDS deductions. TDS is applicable as per the NRI FD type.

Interest Rate (w.e.f. from June 27, 2024)

Select Amount

Less than ₹3 Cr ₹3-5 Cr ₹5 - 5.10 Cr ₹5.10 - 24.90 Cr ₹24.90 - 25 Cr ₹25 - 100 Cr ₹100 - 250 Cr ₹250 - 500 Cr More than ₹500 Cr

Select Withdrawal Facility

Original Tenure of Deposit Penal rates for deposit less than ₹5.0 crore
Less than 1 year 0.50%
1 year & above but less than 5 years 1.00%
5 years and above 1.00%

NRI Fixed Deposits – Features and Benefits

Fixed Deposit (FD) Types

  • icon5 icon5

    Regular FD

  • new new

    Tax Saver FD

  • icon2 icon2

    Fixed Deposit in Foreign Currency

Monthly Payout in Fixed Deposit

Regular FD

A safe and flexible investment product offering quarterly compounded interest.

  • Minimum deposit: Rs. 25,000

  • Flexible tenure: 7 days to 10 years

  • Open instantly via iMobile, Internet Banking, or any ICICI Bank branch.

  • Option for overdraft against FD and Premature /Partial withdrawals available.

Standalone Fixed Deposit at ICICI Bank

Tax Saver FD

Save on taxes while earning assured returns.

  • Tax deduction up to Rs. 1.5 lakh under Section 80C of the Income Tax Act.

  • Minimum deposit: Rs. 25,000

  • 5-year fixed tenure.

  • No premature withdrawals and no auto-renewal facility

  • Interest payout options: monthly, quarterly, or reinvested in principal and paid at maturity.

Regular Fixed Deposit at ICICI Bank

Fixed Deposit in Foreign Currency (FCNR)

Invest in USD, GBP, SGD, CAD, or AUD with no tax on interest earned in India.

  • Principal and interest are fully repatriable.

  • Flexible tenure for USD (1-5 years), and GBP, CAD, AUD, and SGD (1- Less than 3 Years).

  • 85% overdraft in INR against FCNR deposits (up to ₹500 Lakhs)

  • Minimum deposit:
    • USD & GBP: 1,000
    • SGD, CAD, AUD: 2,000

Create a Fixed Deposit (FD)
in 60 Seconds!

  • 01.  Log in to your account via Internet Banking or iMobile.
  • 02.  Select your investment amount and tenure.
  • 03.  Set your payout plan, and you’re done!

How to Renew Your Fixed Deposit?

  • Auto-Renewal:
    Automatically renew your FD for the same period at the interest rate applicable on the day of maturity.

  • Manual Renewal:
    Renew manually through Internet Banking or iMobile if Auto-Renewal is not selected.

Need funds immediately?
Get an overdraft against
your FD.

Avail up to 90% of your FD’s principal of INR deposits to meet urgent financial needs.

Get an Overdraft against FD at ICICI Bank

Recurring Deposit (RD)

Build your savings habit with monthly deposits. ICICI Bank’s competitive interest rates on RDs ensure steady growth over time with assured returns.

Documents Required for Opening Fixed Deposits (FD)

Documents for NRIs

When you submit an application for opening an account at ICICI Bank (either in India or overseas), you will need:

  • Self-attested photocopies of:
    • Passport: First and last four pages (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, and signature).
    • Valid work permit / employment visa / Residence Visa / Residence Permit.
    • Address proof: View the complete list of Indian and overseas address proofs here.

 

When submitting an application from outside India, you will need:

  • Self-attested photocopies of the following documents, duly attested by a Banker / Notary / Embassy official / Consulate official:
    • Passport: First and last four pages (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, and signature).
    • Valid work permit / employment visa / Residence Visa / Residence Permit.
    • Address proof: View the complete list of Indian and overseas address proofs here.

 

Additionally, funding must come from the customer’s self KYC-complied account through cheque, DD, inward remittance (wire, vostro, M2I). Please ensure that the signature on the cheque matches the signature on the application form. For DD, the customer’s name should be mentioned as the purchaser in the DD advice. For inward remittance, the customer’s name and country mentioned in the SWIFT message should match the details provided in the account opening form. 

Documents for PIOs

When you submit an application for opening an account at ICICI Bank (either in India or overseas), you will need:

  • Self-attested photocopies of:
    • Passport: First and last four pages (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, and signature).
    • PIO card or past Indian passport (of self/parent/grandparent) along with a self-declaration about Indian origin OR self-declaration for PIO (as provided on the relationship form).
    • Valid work permit / employment visa if your residence country differs from the passport issuing country. If your visa has expired, acknowledged renewal requests made to the visa authorities will be accepted
    • Address proof: View the complete list of Indian and overseas address proofs here.

 

When submitting an application from outside India, you will need:

  • Self-attested photocopies of the following documents, duly attested by a Banker / Notary / Embassy official / Consulate official:
    • Passport: First and last four pages (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, and signature).
    • PIO card or past Indian passport (of self/parent/grandparent) along with a self-declaration about Indian origin OR self-declaration for PIO (as provided on the relationship form).
    • Valid work permit / employment visa if your residence country differs from the passport issuing country. If your visa has expired, acknowledged renewal requests made to the visa authorities will be accepted
    • Address proof: View the complete list of Indian and overseas address proofs here.

 

Additionally, funding from the customer’s self KYC-complied account through cheque, DD, inward remittance (wire, vostro, M2I) is mandatory. In case of a cheque, ensure that the signature on the cheque matches the signature on the application form. For DD, the customer’s name should be mentioned as the purchaser in the DD advice. For inward remittance, the customer’s name and country mentioned in the SWIFT message should match the name and country of residence provided in the account opening form.

Documents for Students

When you submit an application for opening an account at ICICI Bank (either in India or overseas), you will need:

  • Self-attested photocopies of:
    • Passport: First and last four pages (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, and signature). The signature should be clearly visible and match the signature on your registration form.
    • Valid student visa / I-20 form (applicable only for non-face-to-face US customers). If the student holds a regular visa, then a copy of admission letter / identity card from the university must be obtained to confirm student status.
    • Address proof: View the complete list of permanent address proofs here.

 

When submitting an application from outside India, you will need:

  • Self-attested photocopies of the following documents, duly attested by a Banker / Notary / Embassy official / Consulate official:
    • Passport: First and last four pages (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, and signature).
    • Valid student visa / I-20 form (applicable only for non-face-to-face US customers). If the student holds a regular visa, then a copy of admission letter / identity card from the university must be obtained to confirm student status.
    • Address proof: View the complete list of Indian and overseas address proofs here.

 

Additionally, funding from the customer’s self KYC-compliant account through cheque, DD, inward remittance (wire, vostro, M2I) is mandatory. In case of a cheque, ensure that the signature on the cheque matches the signature on the application form. For DD, the customer’s name should be mentioned as the purchaser in the DD advice. For inward remittance, the customer’s name and country mentioned in the SWIFT message should match the name and country of residence provided in the account opening form.

Documents for Seafarers

For opening seafarer accounts, the following KYC documents must be submitted:

 

  • Self-attested copy of valid passport: First and last four pages of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, and signature). The photocopy must include the pages indicating the last date of arrival in India. The signature should be clearly visible and match the signature on your registration form.
  • Self-attested copy of valid visa: (first two pages and last two pages of the passport) or continuous discharge certificate (CDC). The certificate must indicate the last date of arrival in India or a declaration by an ICICI employee confirming that you are sailing for the first time.
  • For employees on Oil Rigs: Instead of a visa, a letter from the government authority stating "allowed to enter the country" or a business visa along with a valid appointment letter will be accepted.
  • Seafarer’s declaration: No separate declaration is required if it is part of the Account Opening Form (AOF).
  • For permanent employees: In addition to the above documents, you must also submit:
    • Initial work contract.
    • Last wage slip (should not be more than six months old).
  • For contract employees: The following documents are also required:
    • Valid CDC (along with the last page of the disembarkation stamp).
    • Valid work contract (with the last page of the wage slip) or expired contract letter (if the disembarkation stamp on the CDC is not more than 6 months old).
  • For oil rigs: An expired contract letter can be accepted if the last disembarkation stamp on the passport from the country where the oil rig is situated is not more than six months old.

 

Note: All KYC documents provided must be self-attested

Frequently Asked Questions About Fixed Deposits

What is a Fixed Deposit?

A Fixed Deposit (FD) is an investment offering guaranteed returns based on the interest rate at the time of deposit. Interest rates may vary depending on the tenure and deposit amount.

What types of FDs does ICICI Bank offer?

ICICI Bank offers:

  • Traditional FD: Interest paid quarterly or monthly.

  • Cumulative FD: Interest added to the principal and paid at maturity.