ICICI Bank RD Interest Rates

What is ICICI Bank Recurring Deposit?

An ICICI Bank Recurring Deposit is a structured savings product that helps you accumulate a substantial corpus by investing small amounts every month over a chosen period. You need to deposit a fixed monthly instalment, with a minimum of ₹500 per month and subsequent deposits in multiples of ₹100. 

Every instalment earns interest at a fixed rate, ranging from 5.00% to 7.10% p.a. for senior citizens, for example, and remains the same for the tenure after opening the RD. The tenure of RD ranges from 6 months to 10 years, allowing you to match savings to your financial objective. RD can be opened and managed via the iMobile App, Net Banking, Customer Care, or in a branch.

You can use the RD calculator to review your returns and plan deposits in advance. Interest on your monthly deposits is based on the growing balance and added at maturity, making it a practical tool for steady savings.

ICICI Bank RD Interest Rates

The table below indicates the current rates of interest on recurring deposits in ICICI Bank for various tenures:

*ICICI Bank RD Interest Rates w.e.f. December 29th, 2025

Types of ICICI Bank Recurring Deposit

The ICICI Bank offers various Recurring Deposit (RD) schemes that are aimed at assisting customers to save money and earn continuous interest:

1.  Regular Recurring Deposit (Standard RD)

   Regular recurring deposit helps you to accumulate savings by depositing a fixed amount of money monthly. You begin with a minimum instalment of ₹500 per month with deposits in multiples of ₹100. The period may be selected between 6 months and 10 years in multiplies of 3 months. You can also name a nominee, check your RD online and also take a loan against the RD balance in case it is needed.

2.  iWish Goal‑Based Savings (Flexible RD Variant)

   The iWish plan is a flexible form of recurring deposit designed to support goal‑oriented savings without fixed monthly instalments. You can contribute any amount at any time toward your savings, rather than following a fixed monthly schedule. There are no penalties for missing contributions, and you can make multiple deposits per month as you wish.

Key Features of ICICI Bank RD

ICICI Bank Recurring Deposit (RD) provides a steady way to save, with helpful options such as loans, early withdrawals, and easy online management.

• ICICI Bank Loan Against RD: ICICI Bank allows you to avail a loan against your Recurring Deposit (RD) balance. This ICICI Bank loan against RD facility gives instant funds without ending your deposit, ensuring your RD continues earning interest while you address urgent financial needs. It is a helpful way to manage short-term cash needs using your savings as security.  
• Nomination Facility: You can name a nominee on your RD account, so the maturity proceeds are paid directly to the chosen beneficiary. This brings extra assurance and peace of mind overall. Nomination details can be updated either by visiting a branch or, where available, through digital channels.
• RD Premature Withdrawal: The ICICI Bank RD premature withdrawal facility gives you the flexibility to close your RD account before maturity, and the interest is recalculated for the actual tenure the RD was held. A penalty of 0.50% to 1.50% applies based on the original tenure and deposit amount, with higher charges for longer tenures and deposits of ₹5 crore and above.
• Penalty for Late Instalments: Delaying your monthly instalment will result in a penalty of ₹12 per ₹1,000 of the amount that you are paying as an instalment in each month you delay. A delay of even a couple of days is considered one month in the calculation of the penalty. The charge is subtracted from the total interest at maturity, ensuring clear accounts and transparency.

How to Open an ICICI Bank Recurring Deposit

It is very simple and convenient to open a Recurring Deposit in ICICI Bank online or at any of the branches as per your choice.

Online Method

You can open an ICICI Bank Recurring Deposit without visiting a branch if you are an existing customer with internet banking or mobile banking (iMobile app) access:

• Log in to Online Banking or Mobile App: Enter your ICICI Bank account through your iMobile App or Net Banking login credentials now.
• Go to the Recurring Deposit Section: Go to “Open Fixed/Recurring Deposit” within the ‘My Accounts’ or ‘Accounts & Deposits’ section.
• Select RD Option: Choose “Open Recurring Deposit” to start the application.
• Enter Deposit Details: Input the monthly instalment amount, tenure, and other mandatory details as required.
• Choose Linked Account: Select the ICICI Bank savings account or current account from which the monthly instalments will be auto-debited.
• Review & Submit: Check the details, accept the terms and conditions, and send the application form.
• Receive Confirmation: Once submitted, the RD is created, and confirmation is provided via SMS or email.

Offline Method

If you wish to start your RD by visiting, go to any ICICI Bank branch:

• Visit the Branch: Go to the nearest ICICI Bank branch during banking hours.
• Request RD Form: Ask bank staff to provide the Recurring Deposit application form now.
• Fill in Details: Complete the form with your personal information, monthly instalment amount, tenure, and linked account details.
• Submit KYC Documents (if required): If your KYC is not up to date or incomplete, provide valid identity and address proofs as asked.
• Set Up Instalments: Choose standing instructions for automatic monthly instalments or opt for manual deposits.
• Make First Instalment: Pay your first monthly instalment to initiate the RD account.
• RD Account Details: Once processed, the bank opens the RD account and issues a confirmation with the account details.

Eligibility Criteria for ICICI Bank Recurring Deposit

ICICI Bank Recurring Deposit (RD) serves many types of customers, and clear eligibility rules must be met properly to open an account with the bank.

• Resident Individuals: Any resident customer with completed and updated KYC (Know Your Customer) formalities may open an ICICI Bank RD. This applies to salaried staff, self‑employed professionals, homemakers, students (above 18 years), and senior citizens who meet the bank’s KYC requirements.
• Minors (Under Guardian Supervision): A minor can open an RD account under the supervision of a parent or a legal guardian. The guardian is the owner of the RD until the minor turns 18, at which point the minor can re-designate the account in their own name with new KYC.
• Joint RD Accounts: ICICI Bank permits joint Recurring Deposit accounts. They may be owned by two or more eligible account holders under any operating instructions of either-or-survivor, anyone-or-survivor, or jointly, as they prefer.
• HUFs, Firms, and Institutions: Apart from individuals, Hindu Undivided Families (HUFs), firms, companies, trusts, and institutions with completed and valid KYC can open RD accounts in accordance with the bank’s deposit regulations.
• NRIs (NRE/NRO RD): Non‑Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) may open NRE or NRO Recurring Deposits with ICICI Bank, under all applicable foreign exchange and RBI rules for NRI deposits.
• Documentation Requirements: Applicants must have valid identity and address proofs as per the bank’s KYC norms. Current ICICI Bank customers with completed KYC may not require extra documents to open an RD online.

Key Takeaways

ICICI Bank Recurring Deposit RD allows its customers to save money regularly in durations of between 6 months and 10 years with monthly installments of ₹500. Interest is charged quarterly and paid at maturity. General RD interest rates range from 4.50% to 6.50% p.a., while senior citizens earn 5.00% to 7.10% p.a.