ICICI Recurring Deposit Interest Rates and Benefits

ICICI offers a range of recurring deposit interest rates that are competitive with other banks in the market.

The interest rates are subject to change, but as of now, the rates start from 5.50% for a tenure of 1 year, which is a decent rate for a low-risk investment.

ICICI also offers a benefit of compounding interest, which means that the interest is added to the principal amount, and then the interest is calculated on the new principal amount, resulting in higher interest earnings over time.

The minimum deposit amount for ICICI recurring deposit is ₹1,000, making it accessible to a wide range of investors.

ICICI Bank offers a variety of recurring deposit schemes to suit different needs and preferences.

ICICI Bank's recurring deposit schemes can be opened online through internet banking or at any branch. The bank offers a simple recurring deposit account, the Cumulative Recurring Deposit, which can be opened singly or jointly and has a minimum tenure of 6 months and a maximum of 10 years.

The iWish – Flexible Deposit Scheme is another option, which allows you to deposit any amount at any point in the tenure while earning the same interest rate as a regular recurring deposit.

ICICI Bank's recurring deposit schemes come with various features such as loan facility, nomination facility, and premature withdrawal options.

Here are the different types of recurring deposit schemes offered by ICICI Bank:

ICICI Bank's recurring deposit schemes also offer additional benefits such as interest rates, loan facilities, and nomination options.

The benefits of ICICI Bank Recurring Deposit Account are numerous. You can start with monthly installments as low as Rs.500. This flexibility is a great advantage for those who want to invest in a recurring deposit.

You can choose a tenure of 6 months to 10 years, which is a wide range that suits different financial goals. The convenience of opening a recurring deposit account on internet banking, phone banking, or in the branch makes it easy to manage your account.

The loan facility available on the balance in the recurring deposit account is a significant feature. You can also nominate someone to receive the amount in case of an emergency.

Here are some key features of ICICI Bank Recurring Deposit:

These features make ICICI Bank Recurring Deposit a great option for those who want to invest in a safe and secure way.

The Features of Delightful Recurring Deposit are quite impressive. You can open a Delightful Recurring Deposit with a minimum deposit of Rs.500. This is a great option for those who want to start small.

One of the benefits of Delightful Recurring Deposit is the nomination facility available. This means you can nominate someone to receive the deposit in case of your demise. It's a thoughtful feature that provides peace of mind.

You can also avail a loan against your deposit, which is a convenient feature for those who need quick access to funds. This is a great way to get some extra cash when you need it.

Here are the key features of Delightful Recurring Deposit at a glance:

The benefits of an ICICI Bank Recurring Deposit account are numerous. You can start with a monthly installment as low as Rs.500, and choose a tenure that suits you, ranging from 6 months to 10 years.

One of the most convenient features of this account is that you can open it online, through internet banking, phone banking, or in a branch. This makes it easy to manage your account from anywhere.

You can also take a loan against the balance in your account, which can be a great help in case of an emergency. And, you can even nominate someone to receive the proceeds of your account in case something happens to you.

The ICICI Bank Recurring Deposit calculator is a useful tool that helps you determine the exact return on your investment. It's easy to use, and you can get precise results in seconds, saving you time and effort.

Using the calculator, you can compare different types of recurring deposit schemes and choose the one that best fits your financial goals. And, it's free to use, so you can try out different options without any hassle.

Here are some of the key benefits of the ICICI Bank Recurring Deposit calculator:

You can open an ICICI Bank recurring deposit account with a minimum monthly installment of Rs.500, and the account can be opened solely or jointly. This flexibility makes it suitable for all customers.

The tenure for ICICI recurring deposits ranges from 6 months to 10 years, allowing you to choose a duration that suits your financial goals. This range is available for all types of recurring deposit accounts offered by ICICI Bank.

To give you a better idea of the tenure options, here are the details:

You can choose the tenure that best fits your needs, and ICICI Bank offers a convenient way to open a recurring deposit account, whether it's through internet banking, phone banking, or in a branch.

ICICI Bank offers three types of recurring deposit accounts: Cumulative Recurring Deposit, iWish – Flexible Deposit Scheme, and Recurring Deposit with monthly income facility.

The Cumulative Recurring Deposit is a simple account that can be opened solely or jointly, with a minimum monthly installment of Rs.500 and a tenure ranging from 6 months to 10 years.

You can easily open a Cumulative Recurring Deposit account online or at the branch, and even set standing instructions for the monthly installment.

The iWish – Flexible Deposit Scheme allows you to deposit any amount at any point in the tenure, while earning the same interest rate as a regular recurring deposit.

This scheme also offers multiple deposits in one month, a tenure ranging from 6 months to 10 years, and the option to create multiple accounts at a time.

The Recurring Deposit with monthly income facility invests the entire maturity proceeds in an Annuity Fixed Deposit plan, providing a monthly income to the account holder.

This scheme requires a minimum investment of 24 months and offers the option to receive 30% of the maturity amount as a lumpsum and the remaining amount as monthly income.

Here's a summary of the account types:

The minimum tenure for a recurring deposit with ICICI Bank is six months, and you can increase your investment tenure in multiples of three months. This flexibility allows you to adjust your investment plan as needed.

You can make deposits for a minimum period of six months, and the maximum tenure for holding a recurring deposit with ICICI Bank is 10 years. This means you can plan your investments for the long-term.

The tenure for ICICI recurring deposits ranges from 6 months to 10 years. This range gives you a good balance between short-term and long-term investments.

Here's a summary of the minimum and maximum tenures for ICICI Bank recurring deposits:

The maximum tenure for holding a recurring deposit with ICICI Bank is 10 years, but you can increase your investment tenure in multiples of three months after the initial six months.

To open an account, you can visit the bank branch. You can also use the net banking facility or reach out to the bank's customer care cell.

You'll need to submit two documents: identity proof and address proof. These are the only documents required to open an account.

A minimum deposit of ₹ 500 is required to open an RD account with ICICI Bank. This is a one-time payment that gets your account started.