Types of ICICI RD Accounts

ICICI Recurring Deposits (RD) Interest Rates for 2024

Tenure of the RD Rate of Interest for General Citizens (Below 60 Years of Age) Rate of Interest for Senior Citizens ( Above 60 Years of Age) 6 months 3.50% 4.00% 9 months 4.40% 4.90% 12 months 4.90% 5.40% 15 months 4.90% 5.40% 18 months 5.00% 5.50% 21 months 5.00% 5.50% 24 months 5.00% 5.50% 27 months 5.20% 5.70% 30 months 5.20% 5.70% 33 months 5.20% 5.70% 36 months 5.20% 5.70% 3 years 1 day to 5 years 5.45% 5.95% 5 years 1 day to 10 years 5.60% 6.35%...

Features of ICICI Bank Recurring Deposit

1. Flexible Tenure: ICICI Bank RDs boast a feature-rich structure that accommodates the varying financial goals of investors. One of the standout features is the flexibility in choosing the tenure of the RD. Investors can opt for durations that align with short-term goals or commit to longer tenures for more substantial returns. This adaptability makes ICICI Bank RDs suitable for a wide spectrum of financial plans, ensuring that investors have the autonomy to tailor their investments according to their unique requirements....

How to Open a RD Account in ICICI Bank?

Opening a Recurring Deposit (RD) account with ICICI Bank is a straightforward process that offers convenience to both new and existing customers. The bank has streamlined the procedure to ensure accessibility for a wide range of individuals. Here’s a step-by-step guide on how to open an RD account with ICICI Bank,...

How to Calculate RD Interest Rates in ICICI Bank?

Calculating the interest accrued on an ICICI Bank Recurring Deposit (RD) involves a formula that takes into account the monthly deposit amount, the rate of interest, and the tenure of the RD. While the bank typically provides an online RD calculator for convenience, understanding the underlying formula is beneficial for those who prefer manual calculations. The formula commonly used by ICICI Bank for RD interest calculation is as follows:...

Eligibility Criteria to Start an RD Account with ICICI Bank

ICICI Bank, in its efforts to make financial services accessible to a broad spectrum of individuals, has laid out eligibility criteria for opening a Recurring Deposit (RD) account. These criteria ensure that the account opening process is inclusive and compliant with regulatory standards. The eligibility criteria for starting an RD account with ICICI Bank typically include:...

Documents Required for Starting an RD Account

Initiating the process of starting a Recurring Deposit (RD) account with ICICI Bank involves the submission of specific documents to comply with regulatory norms and facilitate a smooth account opening experience. The required documents typically include,...

Types of ICICI RD Accounts

ICICI Bank offers a diverse range of Recurring Deposit (RD) accounts to cater to the varied needs and preferences of its customers. These may include:...

ICICI Bank RD Premature Withdrawal Rules

While Recurring Deposits (RDs) are designed for individuals looking for a disciplined savings approach, there might be situations where premature withdrawal becomes necessary. ICICI Bank, like other financial institutions, has specific rules governing premature withdrawal from RD accounts. Key considerations include:...

Frequently Asked Questions (FAQs)

1. What is the minimum deposit amount for ICICI RD accounts?...