What is an ICICI Bank NRE Fixed Deposit?
The ICICI Bank NRE FD is a financial asset under which Non-Resident Indians invest money for a predetermined time and earn interest on it. The account offers a higher interest rate than that offered by a savings account. The ICICI NRE FD is one of the easiest ways to invest and grow foreign income in India.
Rate of Interest on ICICI Bank Non-Resident External (NRE) FD Account Deposits
The interest rates received on ICICI Bank NRE fixed deposit accounts amounting to below ₹3 crore are as follows:
| Term |
Rate of Interest (%) |
| 7 days to 45 days |
2.75% |
| 46 days to 90 days |
4.00% |
| 91 days to 184 days |
4.50% |
| 185 days to < 1 Year |
5.50% |
| 1 Year to < 18 Months |
6.25% |
| 18 months to 2 years |
6.40% |
| 2 years 1 day to 10 years |
6.60% |
| 5 Years 1 Day to 10 Years |
6.60% |
| 5 Years (Tax Saver FD) |
6.60% |
Note: Note: *Interest rates are effective from December 22, 2025. ICICI NRE FD rates are subject to change without prior notice.
The interest rates received on ICICI NRE fixed deposit accounts amounting to ₹3 crore to less than ₹5 crore (with premature withdrawal):
| Tenure |
Rate of Interest (%) |
| 7 to 29 Days |
3.75% |
| 30 to 45 Days |
4.25% |
| 46 to 60 Days |
4.50% |
| 61 to 90 Days |
4.75% |
| 91 to 120 Days |
5.25% |
| 121 to 184 Days |
5.25% |
| 185 to 270 Days |
5.50% |
| 271 Days to < 1 Year |
5.50% |
| 1 Year to 389 Days |
6.25% |
| 390 Days to < 15 Months |
6.25% |
| 15 Months to < 18 Months |
6.25% |
| 18 Months to 2 Years |
6.40% |
| 2 Years 1 Day to 5 Years |
6.60% |
| 5 Years 1 Day to 10 Years |
6.60% |
Note: Note: *Interest rates w.e.f. December 22, 2025. ICICI NRE FD rates are subject to change without prior notice.
The interest rates received on ICICI NRE fixed deposit accounts amounting to ₹25 crore to less than ₹100 crore (with premature withdrawal):
| Tenure |
Rate of Interest (%) |
| 7 days to 14 days |
3.75% |
| 15 days to 29 days |
3.75% |
| 30 days to 45 days |
4.50% |
| 46 days to 60 days |
4.75% |
| 61 days to 90 days |
5.25% |
| 91 days to 120 days |
5.50% |
| 121 days to 150 days |
5.50% |
| 151 to 184 Days |
5.75% |
| 185 to 210 Days |
5.85% |
| 211 to 240 Days |
5.85% |
| 241 to 270 Days |
5.85% |
| 271 Days to 300 Days |
6.00% |
| 301 Days to 330 Days |
6.00% |
| 331 Days to < 1 Year |
6.00% |
| 1 Year to 389 Days |
6.30% |
| 390 Days to < 15 Months |
6.25% |
| 15 Months to < 18 Months |
6.25% |
| 18 Months to 2 Years |
6.25% |
| 2 Years 1 Day to 3 Years |
6.25% |
| 3 Years 1 Day to 5 Years |
6.35% |
| 5 Years 1 Day to 7 Years |
6.35% |
| 7 Years 1 Day to 10 Years |
6.35% |
Note:*Note:*Interest rates effective from December 22, 2025. ICICI NRE FD rates are subject to change without prior notice. The minimum tenure for an NRE FD is 1 year.
Why Choose an ICICI NRE FD Account?
The ICICI NRE FD account offers its customers various benefits, including:
-
NRE FD is maintained in Indian rupees, saving the funds from foreign exchange rate fluctuations.
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ICICI NRE FD provides tax benefits on interest earned over time.
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The funds and earned interest in NRE fixed deposits can be completely transferred to foreign banks without tedious formalities.
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The bank catering to different needs of various individuals offers a flexible tenure to deposit money ranging from 1 to 10 years.
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ICICI NRE FD provides the benefit of a loan of up to 90% of your FD fund value.
What Are the Eligibility Criteria for an ICICI Bank NRE FD Account?
To open an ICICI NRE FD account, the following conditions must be fulfilled:
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The customer must fall under one of the NRI, PIO, or OCI categories.
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Must have valid ID proof, including an Indian passport or a PIO card.
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Required to show authentic overseas address proof.
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Must present valid proof, including a student visa or employment visa.
Documents Required to Open ICICI NRE FD Account
The following documents are to be submitted while opening an ICICI NRE FD account:
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Documents to be submitted by NRIs
At the time of submitting an application to open an NRE FD account at ICICI Bank, the following duly signed documents are to be submitted:
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Documents to be submitted by OCIs / PIOs
While submitting an application to open an NRE FD account at ICICI Bank, the following duly signed documents are to be submitted:
-
Documents to be submitted by Students
Students, while submitting an application to open an NRE FD account at ICICI Bank, have to submit the following duly signed documents:
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Documents for Seafarers
Seafarers, while submitting an application to open an NRE FD account at ICICI Bank, have to submit the following duly signed documents:
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Passport copy
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Visa copy
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Oil rig workers are to submit a business visa along with a valid appointment letter. It is important for them to note that an expired contract letter can be submitted, provided their passport shows a stamp from the country where the oil rig was located, and that stamp is not older than six months.
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Permanent employees are to submit their initial work contract and last wage slip.
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Contract employees are to submit a valid CDC and work contract.
Conclusion
One of the easiest and sure-shot ways for NRIs to judiciously invest and grow their earnings from abroad is by investing in an ICICI NRE FD account. You can manage your funds in India without much hassle. By knowing the ICICI NRE FD rates, which range from 2.75% to 6.60% for amounts below 3 crore, you’ll be able to analyze the time period most suitable for you, so that you attain your financial goals at your desired time.
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