ICICI RD Interest Rates 2024: By investing a fixed amount monthly in an ICICI Recurring Deposit, you can enjoy attractive interest rates. Build your savings steadily through regular fixed monthly deposits with ICICI RD. This option is particularly beneficial for individuals with lower incomes, given the minimal monthly deposit requirement in an ICICI Account. ICICI Bank Recurring Deposit, calculator (RD) provides an excellent opportunity to invest small sums of money each month and accumulate a significant amount upon maturity.
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Key Benefits of ICICI Recurring Deposit
FEATURES | BENEFITS |
---|---|
Attractive Interest Rates | 📈 Upto 6.30% for Senior Citizens |
📈 Upto 5.60% for Individuals | |
Flexible Tenor Options | ⏳ Minimum Tenor: 6 Months |
⏳ Maximum Tenor: 10 Years | |
Minimum Amount | 💰 As low as ₹500 |
Deposit Multiples | 💵 As low as ₹100 |
Ease of Booking | 🌐 Open RD on click of a button using internet or mobile banking. |
ICICI RD Interest Rates 2024
Maturity Period | General | Senior Citizen |
---|---|---|
6 months | 4.75% 🟢 | 5.25% 🟢 |
9 months | 5.50% 🟢 | 6.00% 🟢 |
12 months | 6.60% 🟢 | 7.10% 🟢 |
15 months | 7.00% 🟢 | 7.50% 🟢 |
18 months | 7.00% 🟢 | 7.50% 🟢 |
21 months | 7.00% 🟢 | 7.50% 🟢 |
24 months | 7.00% 🟢 | 7.50% 🟢 |
27 months | 7.00% 🟢 | 7.50% 🟢 |
30 months | 7.00% 🟢 | 7.50% 🟢 |
33 months | 7.00% 🟢 | 7.50% 🟢 |
36 months | 7.00% 🟢 | 7.50% 🟢 |
Above 3 years upto 5 years | 7.00% 🟢 | 7.50% 🟢 |
Above 5 years upto 10 years | 6.90% 🟢 | 7.50% 🟢 |
List of Other Banks Offering RD
State Bank of India | HDFC Bank | ICICI Bank | Axis Bank |
---|---|---|---|
Indian Bank | RBL Bank | IDBI Bank | IDFC Bank |
Corporation Bank | Andhra Bank | PNB Bank | Canara Bank |
Union Bank of India | Central Bank | Bank of India | Bank of Baroda |
Jana Bank | AU Bank | Equitas Bank | UCO Bank |
Syndicate Bank | Allahabad Bank | Kotak Mahindra Bank | 🟢 |
Terms and Conditions on ICICI RD Account:
- Loan against Deposit: ICICI offers the convenience of securing a loan against your deposit, with interest rates identical to fixed deposit rates.
- Flexible Investment Options: Invest as little as Rs. 500 per month (and in multiples of Rs. 100 thereafter) or as much as Rs. 14,99,900, with a minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum of 10 years. For NRI customers, the minimum tenure is 12 months.
- Competitive Interest Rates: Enjoy interest rates comparable to regular Fixed Deposits with a smaller monthly investment.
- ICICI’s Rights: ICICI reserves the right to close the recurring deposit if the customer misses 5 consecutive instalments.
- Minimum Tenor and Instalment: The minimum tenor for a Recurring Deposit is 6 months, with a minimum instalment amount of ₹500, to be paid in multiples of ₹100.
Who is eligible? for ICICI RD
- Resident individuals
- Hindu Undivided Families
- Private & Public Limited Companies
- Trust & Societies
How to Apply for ICICI RD Account
Existing ICICI customers have multiple options to open a Recurring Deposit. They can initiate the process through the bank’s Mobile Banking Application or ICICI Internet Banking. Alternatively, they can visit the nearest ICICI branch to open a Recurring Deposit account. For personalized assistance, customers can also contact ICICI, and our Customer Care Executive will schedule a service appointment with our Relationship Manager to guide them through the application process. icici rd calculator, icici deposit rates, icici rd calculator
Recurring Deposit: Special Features
- Enjoy interest rates equivalent to regular Fixed Deposits with a much smaller monthly investment.
- Invest as little as Rs. 1000 per month (and in multiples of Rs. 100 thereafter) or as much as Rs. 14,99,900.
- Choose a minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum of 10 years.
- Easily submit the 15G/H form through Netbanking for added convenience.
- Set instructions to convert your RD into an FD at maturity.
- Avail the nomination facility while booking deposits online.
Documents Required
- Proof of Identity:
- Aadhaar Card
- Passport
- PAN card
- Voter ID card
- Driving license
- Government ID card
- Photo ration card
- Senior citizen ID card
- Address Proof:
- Aadhaar Card
- Passport
- Telephone bill
- Electricity bill
- Bank Statement with Cheque
- Certificate/ID card issued by the Post office
FAQ
Interest rates for ICICI Recurring Deposits vary based on the tenure. For the latest rates, please check the official ICICI website or contact the nearest branch.
Interest is typically compounded quarterly for ICICI Recurring Deposits. The exact calculation method may vary, so it’s recommended to refer to the terms and conditions or consult with ICICI representatives.
Yes, ICICI allows existing customers to open a Recurring Deposit through the Mobile Banking Application and Internet Banking. Alternatively, you can visit the nearest ICICI branch for assistance.
Yes, the minimum investment amount for ICICI RD starts as low as Rs. 500 per month, and it should be in multiples of Rs. 100 thereafter.
ICICI RD offers a flexible tenure starting from a minimum of 6 months (in multiples of 3 months thereafter) up to a maximum of 10 years.