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Fixed Deposits Benefits for NRI

 

Secure your savings with assured returns and special benefits designed for NRIs—start your Fixed Deposit journey today.

 

OPEN FD 

 

 

 

 

 

Create a Fixed Deposit (FD) in 60 Seconds!

FD Benefits FAQs

What is a Fixed Deposit (FD)?

A Fixed Deposit is a secure investment option provided by banks and NBFCs, offering guaranteed returns at fixed interest rates based on the deposit tenure and amount.

What types of FDs does ICICI Bank offer?
  • Traditional FD: Interest is credited monthly or quarterly. 
  • Cumulative FD: Interest is compounded quarterly and paid as a lump sum at maturity.

Who can open a Fixed Deposit with ICICI Bank?

NRI/PIO can open Fixed deposit

What is the minimum deposit required for opening an FD?

The minimum deposit is ₹25,000 for NRE/NRO Fixed Deposits and ₹5000 for NRE/NRO Recurring Deposits.

How do I open an FD account online?

You can open an FD account through:

  • iMobile Pay App.
  • Internet Banking.
  • ATM.
  • Branch visit or contacting Customer Care.

Can I withdraw my NRE/NRO callable FD before maturity?

Yes, you can opt for premature or partial withdrawal. Penalties apply for early withdrawals

To know the premature withdrawal terms & conditions click here

What is the interest payout frequency?
  • Traditional FD: Interest is paid monthly or quarterly.
  • Reinvestment FD: Interest is compounded and paid at maturity.

Is TDS applicable on FD interest?

TDS is applicable on interest earned on NRO FD however interest earned on NRE fixed deposit is tax free in India.

Can I avail of a loan or overdraft against my NRE/NRO callable FD?

Yes, ICICI Bank offers overdraft facilities up to 90% of the FD value, including accrued interest, without breaking the FD.

How can I calculate the interest on my FD?

You can use the ICICI Bank FD Calculator to estimate the returns.
Click here to access the calculator.

Are there any charges for premature closure of NRO FD within 7 days?

No interest is paid for closures within 7 days of opening, and no penalty is applicable.

VIEW ALL FAQ’S

Disclaimer

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