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ICICI Bank RD Interest Rates 2017

Last Updated 16th Aug 2017

ICICI Bank Interest Rate on RD, 2017

Tenure General Rates Senior Citizen Rates
6 months 6.25% 6.75%
9 months 6.50% 7.00%
12 months 7.00% 7.50%
15 months 7.10% 7.60%
18 months 7.10% 7.60%
21 months 7.10% 7.60%
24 months 7.10% 7.60%
27 months 7.00% 7.50%
30 months 7.00% 7.50%
33 months 7.00% 7.50%
36 months 7.00% 7.50%
3 years 1 day to 5 years 7.00% 7.50%
5 years 1 day to 10 years 6.75% 7.25%
ICICI Bank RD Calculator

ICICI Bank Recurring Deposit

  • ICICI Bank offers RD interest rates up to 7.10%
  • Interest on RD with ICICI Bank is compounded quarterly.
  • ICICI Bank accepts minimum deposits starting at Rs. 500.
  • For senior citizens ICICI Bank offers RD rate upto 7.60%.

Special features of ICICI Recurring Deposit

  • Loan facility is available against your RD account
  • Higher rate of interest than fixed deposits

Duration of Recurring Deposits with ICICI

You can open a Recurring Deposit account with ICICI Bank for a minimum tenure of 6 Month which can go up to maximum tenure of 10 Year

Premature withdrawal of RD with ICICI

Premature withdrawal of RD with ICICI Bank is allowed. ICICI Bank may charge a nominal amount of penalty as per their banking norms.

However, Partial withdrawal of RD account is not allowed.

Penalty for delayed installment of RD with ICICI

Bank may give you grace of some days if you delays the payment beyond due date.

In case you do not pay your installment after due date, ICICI Bank will charge monthly interest rate of Rs. 12 per Rs. 1000 as penalty for delayed payment.

Icici Bank Recurring Deposit

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