Compare ICICI Bank NRE Fixed Deposit and Kotak Mahindra Bank NRE 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.
Kotak NRI customers who want a rupee term deposit with full NRE principal/interest repatriability and Indian tax-exempt interest.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/icici-nre-fixed-deposit-vs-kotak-nre-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
3 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 | Kotak Mahindra Bank NRE 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 reviewed Domestic/NRO/NRE callable schedule effective 10 June 2026 peaks at 6.80% in the 2-year-to-under-3-year band below ₹3 crore; NRI deposits do not receive resident senior additions. |
| 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. | Kotak’s current NRI deposits landing page and booking help state ₹50,000 minimum for NRE FD booking. NRE deposits must remain at least 1 year to earn interest. |
| 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. | Fully and freely repatriable principal and interest, auto-renewal and digital booking for eligible Kotak NRI relationships. |
| 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 if the NRE FD remains for less than one year. Premature withdrawal after the minimum period uses the current lower-of applicable/contracted rate methodology and penal charge. |
| NRI / PIO / OCI eligibility | Eligible NRIs, PIOs and OCIs under ICICI Bank NRI deposit/KYC rules. | Eligible NRI/PIO customers under Kotak NRE/KYC 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. | NRE funding and account state control tax/repatriation treatment even when the bank shares one rupee rate table across Domestic/NRO/NRE. |
These are nominal annual rates from the reviewed first-party schedules. Effective dates can differ, and no universal winner is inferred from one tenure.
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| Tenure | ICICI Bank NRE Fixed Deposit | Kotak Mahindra Bank NRE Fixed Deposit |
|---|---|---|
| 3 years | 6.45% | 6.40% |
| 4 years | 6.50% | 6.40% |
Schedule reference: June 18, 2026. ICICI callable retail FD schedule effective 18 June 2026, applied to NRI deposits without resident senior additions.
Schedule reference: June 10, 2026. Kotak Domestic/NRO/NRE callable fixed-deposit schedule below ₹3 crore effective 10 June 2026; resident senior addition excluded.
A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.
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Reviewed September 10, 2026 · 3 attached first-party sources
Reviewed September 10, 2026 · 3 attached first-party sources