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ICICI Bank recurring deposits allow investors to invest in small amounts regularly for a fixed tenure. ICICI Bank recurring deposit rate ranges between 4.75% to 6.90% p.a. for regular citizens. For senior citizens, the RD interest rates range between 5.25% to 7.50% p.a. Also, ICICI Bank rd interest rates are higher than its saving account rates.

ICICI Bank RD Details

Tenure6 Months -10 Year
Normal Citizen Interest Rates4.75% to 6.90%
Senior Citizen Interest Rates5.25% to 7.50%
Minimum Deposit AmountRs. 500
Premature Withdrawal ChargesNA
Highest RD Rates7.50%
Pending Instalment Penalty1.20%

ICICI Bank RD Interest Rates 2023

TenureGeneral Citizen Interest RatesSenior Citizen Interest Rates
18 months7.10%7.60%
21 months7.10%7.60%
15 months7.10%7.60%
24 months7.10%7.60%
33 months7.00%7.50%
36 months7.00%7.50%
27 months7.00%7.50%
30 months7.00%7.50%
Above 3 years upto 5 years7.00%7.50%
Above 5 years upto 10 years6.90%7.50%
12 months6.70%7.20%
9 months6.00%6.50%
6 months4.75%5.25%

*ICICI Bank RD Interest rates are percentage per annum for both normal and senior citizens

Frequently Asked Questions

What is ICICI bank’s minimum recurring deposits amount?

Yes, ICICI Bank recurring deposit account requires a minimum deposit amount of INR 100 per month, and also there is no maximum limit on the deposit amount. 

Can I open a ICICI recurring deposit account for a minor?

Yes, a minor can open ICICIC Bank recurring deposit account, however under the guardianship of their parents or legal guardian.

How to apply for ICICI Bank RD?

One can open an ICICI Bank recurring deposit account through offline and also online modes. To be able to invest in ICICI RD, one needs to have the following valid documents.
For identity proof, one needs to have the following:
driving license,
voter ID,
Aadhar card,
PAN card,
senior citizen card,
For residence proof, one needs to have the following:
utility bills,
bank statement with cheque,
certificate given by Post Office.

Is it possible to renew an ICICI RD account?

No, it is not possible to renew an ICICIC Bank RD account.