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
|Tenure||6 Months -10 Year|
|Normal Citizen Interest Rates||4.75% to 6.90%|
|Senior Citizen Interest Rates||5.25% to 7.50%|
|Minimum Deposit Amount||Rs. 500|
|Premature Withdrawal Charges||NA|
|Highest RD Rates||7.50%|
|Pending Instalment Penalty||1.20%|
ICICI Bank RD Interest Rates 2023
|Tenure||General Citizen Interest Rates||Senior Citizen Interest Rates|
|Above 3 years upto 5 years||7.00%||7.50%|
|Above 5 years upto 10 years||6.90%||7.50%|
*ICICI Bank RD Interest rates are percentage per annum for both normal and senior citizens
Frequently Asked Questions
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.
Yes, a minor can open ICICIC Bank recurring deposit account, however under the guardianship of their parents or legal guardian.
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:
senior citizen card,
For residence proof, one needs to have the following:
bank statement with cheque,
certificate given by Post Office.
No, it is not possible to renew an ICICIC Bank RD account.