Compare ICICI Bank FCNR(B) Fixed Deposit and Axis Bank FCNR(B) 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 to keep foreign earnings in the same currency rather than convert into INR before placing a term deposit.
Axis NRI customers who want to keep eligible overseas funds in USD, GBP, EUR, JPY, AUD or CAD rather than convert into INR.
littleden.blog · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://littleden.blog/compare-banking/icici-fcnr-b-fixed-deposit-vs-axis-fcnr-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
2 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.
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| Decision factor | ICICI Bank FCNR(B) Fixed Deposit | Axis Bank FCNR(B) Deposit |
|---|---|---|
| Current rate evidence | 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. | Axis’s public rate hub states FCNR/RFC rates are effective from 4 September 2026; the engine keeps the currency table refresh-gated instead of copying an incomplete public snippet. |
| Currency / amount / tenure | 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. | FCNR is available as a term deposit for 1 to 5 years in USD, GBP, EUR, JPY, AUD and CAD. |
| Tax / repatriation / payout | 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. | Principal and interest are fully repatriable; interest is tax-exempt in India under current FCNR treatment; interest on terms over one year is compounded at 180-day intervals. |
| Premature withdrawal / liquidity | 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. | No interest is paid if closed before one year. Axis publishes currency-specific thresholds under which individual FCNR deposits can avoid a premature penalty; above those thresholds a penalty can apply. |
| NRI / PIO / OCI eligibility | Eligible NRIs, PIOs and OCIs; minors can hold through an eligible guardian under current bank rules. | Eligible NRI/PIO/OCI customers under Axis FCNR/KYC rules. |
| Deposit-state / funding rule | Online booking debits an eligible NRE relationship; currency and tenure jointly determine the contracted FCNR rate. | NRO funds cannot be used to create NRE/FCNR deposits; the selected currency/tenure and current treasury rate determine the contract. |
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Reviewed September 10, 2026 · 2 attached first-party sources
Reviewed September 10, 2026 · 2 attached first-party sources