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ICICI BankRecurring deposit

ICICI Bank NRO Recurring Deposit

ICICI Bank’s NRO recurring deposit is a systematic monthly deposit for India-based NRI income, with taxable interest and NRO repatriation treatment.

First-party evidencePublished researchReviewed September 10, 2026Active
Current rate evidenceThe current NRI RD page leaves the exact numeric rate to the live rate resource; interest compounds quarterly and NRO interest is subject to TDS under applicable law.
Currency / amount / tenureMinimum ₹5,000 per month, then ₹100 multiples, up to ₹1,00,000 per instalment; tenure 6 months to 10 years.
Premature withdrawal / liquidityPremature withdrawal is allowed with applicable penalties; interest is taxable and repatriation follows NRO rules.
Deposit-state / funding ruleICICI explicitly requires an active NRE/NRO account; this NRO profile is funded from the NRO account state.
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.

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 leaves the exact numeric rate to the live rate resource; interest compounds quarterly and NRO interest is subject to TDS under applicable law.
02 · Currency / amount / tenureMinimum ₹5,000 per month, then ₹100 multiples, up to ₹1,00,000 per instalment; tenure 6 months to 10 years.
03 · Premature withdrawal / liquidityPremature withdrawal is allowed with applicable penalties; interest is taxable and repatriation follows NRO rules.
04 · Deposit-state / funding ruleICICI explicitly requires an active NRE/NRO account; this NRO profile is funded from the NRO 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 12, 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 leaves the exact numeric rate to the live rate resource; interest compounds quarterly and NRO interest is subject to TDS under applicable law.
Currency / amount / tenureMinimum ₹5,000 per month, then ₹100 multiples, up to ₹1,00,000 per instalment; tenure 6 months to 10 years.
Tax / repatriation / payoutQuarterly compounding and digital opening via iMobile/Net Banking from an active NRO relationship.
Premature withdrawal / liquidityPremature withdrawal is allowed with applicable penalties; interest is taxable and repatriation follows NRO rules.
NRI / PIO / OCI eligibilityNRIs, PIOs and OCIs with an active ICICI Bank NRO account.
Deposit-state / funding ruleICICI explicitly requires an active NRE/NRO account; this NRO profile is funded from the NRO 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 NRO customers who want a fixed monthly saving plan beginning from a six-month tenure.

Verify before relying
  • Requires an active ICICI NRO account.
  • NRO interest is taxable under applicable law.
  • Premature-withdrawal penalties can reduce realised return.
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 NRO account

ICICI Bank NRO Savings Account

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

The relationship records the required NRO funding/account state and preserves the NRO tax/repatriation treatment separately from NRE.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.