Latest ICICI Bank FCNR Rates 2026
The table contains the recent FCNR rates by ICICI:
| Tenure |
USD |
SGD |
GBP |
AUD |
CAD |
| 12 months to < 24 months |
3.85 |
1.25 |
4.10 |
3.35 |
2.30 |
| >= 24 months to < 36 months |
3.00 |
1.20 |
3.65 |
3.20 |
2.20 |
| >= 36 months to < 48 months |
2.80 |
NA |
NA |
NA |
NA |
| >= 48 months to < 60 months |
2.70 |
NA |
NA |
NA |
NA |
| 60 months |
2.70 |
NA |
NA |
NA |
NA |
ICICI FCNR Rates interest rates w.e.f January 05th, 2026
Factors Affecting ICICI FCNR Rates
As FCNR rates are denominated in foreign currencies and managed by Central Banks of their corresponding foreign countries, the linked rates can be influenced. Here are some more factors that can affect the FCNR rates ICICI:
-
Currency Impacts:
The difference between the rates of each currency is different from each other. For example USD has more rates compared to the rest of the currencies. Permitted currencies include USD, GBP, SGD, AUD, and CAD for FCNR deposits
-
Tenure Effects:
The shorter tenure contains the higher rates like USD with 3.85% and longer tenures with lower interest rates up to 60 months at 2.70%. Longer terms may have lower rates due to increased currency and forex risks.
-
RBI’s Guidelines:
The Reserve Bank of India (RBI) regulates the maximum interest rates that Indian banks, including ICICI Bank, can offer on FCNR deposits. Changes in RBI's regulations can directly affect the maximum possible rate offered by ICICI Bank.
-
Bank-Specific Factors
The bank adjusts FCNR rates, within RBI limits, based on its internal financial needs. This includes raising rates to quickly attract more foreign currency funds (liquidity) or to fund the demand for foreign currency loans.
Conclusion
The Interest earned on the ICICI FCNR rates deposit is fully exempt from Income Tax in India for NRIs. The ICICI FCNR are in 5 different currencies of US Dollar (USD), Singapore Dollar (SGD), British Pound (GBP), Australian Dollar (AUD), and Canadian Dollar (CAD) for the tenures from 12 months to 60 months with interest rates up to 4.10% p.a. RBI’s guidelines and currency difference might affect the interest rates of ICICI FCNR Account.
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