ICICI Bank offers up to 7% interest on Recurring Deposit

ICICI Bank RD Interest Rates: ICICI Bank is offering a maximum interest rate of 7 per cent on Recurring Deposits (RD) and 7.50 per cent interest rate for senior citizens. A recurring deposit, also known as an RD, is a term-deposit that provides customers with the flexibility to invest an amount of their choice each month and save money with ease.

ICICI Bank Recurring Deposit (RD): Interest rate and tenure

For 6 months the Bank is offering an interest rate on RD of 4.75 per cent for the general public and 5.25 per cent for senior citizens. For 9 months the Bank is offering an interest of 5.5 per cent for the general public and 6 per cent for Senior citizens.

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For 12 months the Bank is offering an interest rate of RD 6.6 per cent for the general public and 7.10 per cent for senior citizens. From 15 months up to 5 years, 7 per cent for the general public and 7.50 per cent for senior citizens.

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For Above 5 years up to 10 years, 6.9 per cent for the general public and 7.5 per cent for senior citizens.

ICICI Bank Recurring Deposit (RD): Benefit for Senior citizen

Senior Citizens get an upper hand as they are getting half a per cent or even more in some cases as compared to the general public.

ICICI Bank Recurring Deposit (RD): How to apply

Step1: Visit www.icicibank.com

Step 2: Login by entering User Id and Password, If you do not have a account register first

Step 3: Select Bank Accounts, choose deposits

Step 4: Click on Open RD

Step 5: Enter all the details and Submit

ICICI Bank Recurring Deposit (RD): Terms and Conditions

- Recurring Deposits will be available for a minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.

- As interest rates are subject to change without prior notice, the depositor shall ascertain the rates on the value date of FD.

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