Skip to content
littleden.blogIndependent banking product research for India
Compare
Browse
Explore the researchBanking systems, decision tools and evidence standards.
Product finder
Opens in a new tab.
ICICI BankFixed deposit

ICICI Bank FCNR(B) Fixed Deposit

ICICI Bank's FCNR(B) deposit keeps NRI funds in five supported foreign currencies with tax-free Indian interest and full repatriability.

First-party evidencePublished researchReviewed September 10, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Current rate evidenceThe 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 / tenureMinimum 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.
Premature withdrawal / liquidityNo 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.
Deposit-state / funding ruleOnline booking debits an eligible NRE relationship; currency and tenure jointly determine the contracted FCNR rate.
Research processPublished by littleden.blog

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

2 first-party sources
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 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.
02 · Currency / amount / tenureMinimum 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.
03 · Premature withdrawal / liquidityNo 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.
04 · Deposit-state / funding ruleOnline booking debits an eligible NRE relationship; currency and tenure jointly determine the contracted FCNR rate.
Exact product-type evidence

Fixed 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 12, 2026
Currency-specific live FCNR(B) schedule; no single rate is normalized because ICICI prices by supported currency and tenure.

ICICI FCNR(B) product and current currency-specific rate schedule; maintained separately from INR tenure anchors.

Browse deposit rate history
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 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 / tenureMinimum 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 / payoutInterest 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 / liquidityNo 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 eligibilityEligible NRIs, PIOs and OCIs; minors can hold through an eligible guardian under current bank rules.
Deposit-state / funding ruleOnline booking debits an eligible NRE relationship; currency and tenure jointly determine the contracted FCNR rate.
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

NRIs/PIOs/OCIs who want to keep foreign earnings in the same currency rather than convert into INR before placing a term deposit.

Verify before relying
  • The special 11 June–31 August 2026 long-tenure lock-in window is historical for new bookings as of this review date.
  • Currency-specific minimums and maximum available tenures differ.
  • A foreign-currency rate cannot be ranked against INR NRE/NRO rates without considering currency exposure.
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.

Browse banking comparisons
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.

01
Primary product / service sourcewww.icici.bank.in
Open source ↗02
Additional first-party evidencewww.icici.bank.in
Open source ↗
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.