Compare ICICI Bank NRE Fixed Deposit and ICICI Bank FCNR(B) Fixed Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
NRIs/PIOs/OCIs who want an INR fixed return on eligible overseas funds with full NRE repatriability.
NRIs/PIOs/OCIs who want to keep foreign earnings in the same currency rather than convert into INR before placing a term deposit.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/icici-nre-fixed-deposit-vs-icici-fcnr-b-fixed-deposit/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
3 attached sources. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.
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| Decision factor | ICICI Bank NRE Fixed Deposit | ICICI Bank FCNR(B) Fixed Deposit |
|---|---|---|
| Current rate evidence | ICICI’s reviewed callable retail schedule effective 18 June 2026 reaches 6.50% in the 3-year-1-day to 10-year bands below ₹3 crore; senior-citizen additions do not apply to NRI deposits. | The applicable interest rate is fixed at booking and varies by currency and tenure; ICICI directs customers to its dated FCNR(B) rate schedule rather than one universal headline rate. |
| Currency / amount / tenure | Minimum deposit is ₹25,000 for callable NRE/NRO fixed deposits; NRE tenure starts at 1 year and can extend to 10 years. | Minimum is 1,000 currency units for USD/GBP and 2,000 for AUD/CAD/SGD. USD tenure can run 1–5 years; GBP/CAD/SGD/AUD are currently offered from 1 year to under 3 years. |
| Tax / repatriation / payout | Interest is tax-free in India under NRE treatment; principal and interest are fully repatriable; monthly, quarterly or maturity payouts and eligible overdraft facilities are available. | Interest is tax-free in India under current FCNR treatment; principal and interest are fully repatriable; traditional half-yearly payout or cumulative half-yearly compounding is available. |
| Premature withdrawal / liquidity | No interest is paid on NRE deposits withdrawn before 1 year. Callable premature withdrawal after the minimum period is subject to ICICI’s current tenure-based penalty schedule. | No interest is payable before 12 months. Ordinary premature closure after 12 months is currently described as penalty-free, subject to booked-date actual-period rate treatment; the special June–August 2026 36–60-month window had separate lock-in/penalty terms. |
| NRI / PIO / OCI eligibility | Eligible NRIs, PIOs and OCIs under ICICI Bank NRI deposit/KYC rules. | Eligible NRIs, PIOs and OCIs; minors can hold through an eligible guardian under current bank rules. |
| Deposit-state / funding rule | Fund source, NRE status and booking date determine the deposit treatment; the contracted rate is fixed for the selected tenure at booking. | Online booking debits an eligible NRE relationship; currency and tenure jointly determine the contracted FCNR rate. |
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Reviewed September 10, 2026 · 3 attached first-party sources
Reviewed September 10, 2026 · 2 attached first-party sources