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ICICI BankRecurring deposit

ICICI Bank NRE Recurring Deposit

ICICI Bank’s NRE recurring deposit is a monthly NRI savings product funded from an active NRE relationship, with tax-exempt interest and full repatriability.

First-party evidencePublished researchReviewed September 10, 2026Active
Current rate evidenceThe current NRI RD page publishes no single durable headline rate in the captured product evidence; the contracted rate is the live NRI RD rate at booking and interest compounds quarterly.
Currency / amount / tenureMinimum ₹5,000 per month, then ₹100 multiples, up to ₹1,00,000 per instalment; tenure 1 year to 10 years.
Premature withdrawal / liquidityPremature withdrawal is allowed subject to ICICI’s applicable penalties; exact realised yield depends on the completed period and current policy.
Deposit-state / funding ruleICICI explicitly requires an active NRE/NRO account for NRI RD opening; this NRE profile is funded from the NRE account state.
Research processPublished by bankingreference.info

Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.

1 first-party source
Last checkedSeptember 10, 2026

Recorded source review date, not a claim that the product changed that day.

Maintenance stateWithin scheduled review window

Target recheck: October 10, 2026.

Critical decision facts

Rate, tenure, liquidity and booking conditions belong together.

A headline deposit rate is incomplete without the dated schedule, tenure band, customer category and premature-withdrawal rules.

01 · Current rate evidenceThe current NRI RD page publishes no single durable headline rate in the captured product evidence; the contracted rate is the live NRI RD rate at booking and interest compounds quarterly.
02 · Currency / amount / tenureMinimum ₹5,000 per month, then ₹100 multiples, up to ₹1,00,000 per instalment; tenure 1 year to 10 years.
03 · Premature withdrawal / liquidityPremature withdrawal is allowed subject to ICICI’s applicable penalties; exact realised yield depends on the completed period and current policy.
04 · Deposit-state / funding ruleICICI explicitly requires an active NRE/NRO account for NRI RD opening; this NRE profile is funded from the NRE account state.
Exact product-type evidence

Recurring deposit evidence stays in its own structure.

Specialist fields below remain source-scoped. Missing values stay missing; one banking product type is never used to manufacture facts for another.

Rate history

Dated deposit-rate snapshots.

Effective-date evidence is preserved instead of silently replacing an older rate when a bank reprices new deposits.

Observed September 14, 2026
Live ICICI NRI RD rate applies at booking; no incomplete rate table is normalized.

ICICI NRI recurring-deposit product page; exact current numeric rate remains booking/rate-page controlled.

Maintained terms

Fees, balances, benefits, limits and eligibility without a single-score shortcut.

These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.

Current rate evidenceThe current NRI RD page publishes no single durable headline rate in the captured product evidence; the contracted rate is the live NRI RD rate at booking and interest compounds quarterly.
Currency / amount / tenureMinimum ₹5,000 per month, then ₹100 multiples, up to ₹1,00,000 per instalment; tenure 1 year to 10 years.
Tax / repatriation / payoutQuarterly compounding, digital opening via iMobile/Net Banking and tax-free NRE interest with fully repatriable principal and interest.
Premature withdrawal / liquidityPremature withdrawal is allowed subject to ICICI’s applicable penalties; exact realised yield depends on the completed period and current policy.
NRI / PIO / OCI eligibilityNRIs, PIOs and OCIs with an active ICICI Bank NRE account.
Deposit-state / funding ruleICICI explicitly requires an active NRE/NRO account for NRI RD opening; this NRE profile is funded from the NRE account state.
Fit & cautions

Who this record appears designed for—and what can break the fit.

Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.

Potential fit

ICICI NRE customers who want a fixed monthly saving plan for overseas earnings over a 1-to-10-year horizon.

Verify before relying
  • Requires an active ICICI NRE account.
  • Premature-withdrawal penalties can reduce realised return.
  • The ₹1 lakh instalment cap is separate from total maturity value.
Verified product relationships

Links the bank explicitly documents.

This section is narrower than the same-bank map below. Every relationship shown here has its own first-party evidence; products merely sharing a bank are not treated as linked.

Requires active ICICI NRE account

ICICI Bank NRE Savings Account

ICICI Bank explicitly states that NRE recurring deposits are opened by eligible NRI customers with an active NRE account and are funded from the NRE account state.

The relationship records the required NRE funding/account state; it does not imply that every NRE savings variant has identical RD onboarding privileges.Verify relationship at bank ↗
Maintained comparisons

Compare this product only where the pair is deliberately maintained.

Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.

First-party source ledger

Complete evidence set for this maintained profile.

Each source remains independent. A product page, tariff, KFS/MITC, rate schedule or programme document is not silently treated as interchangeable evidence.

Current-use rule

When the bank changes a term after the recorded review, the current agreement, tariff, KFS/MITC or effective rate table controls.

Research boundary

This page organizes dated public evidence; it does not guarantee eligibility, availability, approval, service quality or future pricing.