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      See how easy it is to get Recurring Deposit ! Watch Now

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      Recurring Deposits Features

      • Minimum Balance

      • Nomination

      • Period Of Deposit

      • Other Features

      Minimum Balance

      Open a recurring deposit with a minimum of ₹500 per month and thereafter, deposit in multiples of ₹100.

      Nomination

      Assign a single nominee to the proceeds from your account, whether held solely or jointly. To do this, simply fill the form prescribed under the Banking Companies (Nomination Rules), 1985. For more details, visit the branch of ICICI Bank that’s nearest to you.

      Period Of Deposit

      Make deposits for a minimum period of six months and thereafter, increase your investment tenure in multiples of three months. The maximum tenure for holding a recurring deposit with us is 10 years.

      Other Features

      Our recurring deposits also have other features you can benefit from. Here’s a preview.

      • The facility to avail a loan against your deposit
      • Interest income at attractive rates, which are identical to the rates of interest on our fixed deposits

      Please note that Tax Deduction at Source (TDS) is applicable on interest paid/accrued on recurring deposits in line with applicable law.

      Types of recurring deposits we offer

      Choose from the different recurring deposit facilities we offer according to your requirements, so you can save up in a way that’s convenient for you. Here are the types of RDs you can open with us.

      iWish Goal based savings

      No penalties for missed payments

      We understand that sometimes, life can get very busy. And missed payments may happen. With iWish, you need not worry about missing your RD instalments because there’s no penalty involved.

      Start with small amounts, experience the advantage of goal-based savings and enjoy the benefits of iWish, the smarter deposit. Want to know more? Simply click the button below.

      Know More

      Want to book a recurring deposit with us?

       

      • iMobile Pay App
      • Net Banking
      • Customer Care
      • Branch
      • 01. Log into iMobile using your four-digit login pin
      • 02. Click on the ‘Accounts & Deposits’ section and then click ‘Deposits (FD/RD)’ option
      • 03. Select ‘Open Recurring Deposit.
      Recurring Deposits
      • 01. Log into www.icicibank.com using your internet banking user ID and password.
      • 02. Click on the ‘Open Fixed/Recurring Deposit’ option in the ‘My Accounts’ section.
      • 03. Select ‘Open Recurring Deposit.’
      Recurring Deposits
      • 01. Select the language you prefer.
      • 02. Press ‘1’ if you’re an existing customer.
      • 03. Press ‘1’ for banking accounts.
      • 04. Enter the number and the PIN of your debit card to speak to our customer care executive
      Open RD
      Recurring Deposits
      • 01. Visit the branch of ICICI Bank that’s nearest to you
      Recurring Deposits

      Recurring Deposit FAQs

      Expand All | Collapse All

      What is a Loan Against Property EMI calculator?

      A Loan Against Property EMI calculator is a financial tool that helps you to determine your EMI based on your loan amount, interest rate and tenure. It simplifies the loan planning process, making it easier to manage your finances.

      How much loan amount can I get against my property?

      The loan amount against your property depends on factors such as the property's market value, the lender's policies, your income and creditworthiness. Generally, you can get a loan ranging from 50% to 75% of your property's current market value.

      What is the formula to calculate the EMI of a Loan Against Property?

      The formula to calculate the EMI of a Loan Against Property is:

      EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]

      Where:

      • P is the principal loan amount
      • R is the monthly interest rate
      • N is the number of monthly instalments

      What are the documents required to apply Loan Against Property?

      When applying for a Loan Against Property at ICICI Bank, you will need to submit the following documents based on your employment type:

      For salaried individuals:

      1. Aadhaar card, passport, voter ID or any other government-issued ID for identity proof

      2. Utility bills, passport, Aadhaar card or voter ID for address proof

      3. Form 16, salary slips for the last 3 months and bank statements for the last 6 months

      4. Sale deed, title deed, approved building plan and other occupancy documents

      5. Recent passport-sized photos

      6. Duly filled and signed loan application form.

      For self-employed individuals:

      1. Aadhaar card, passport, voter ID or any other government-issued ID for identity proof

      2. Utility bills, passport, Aadhaar card or voter ID for address proof

      3. Audited financial statements for the last 2 years, including balance sheets and profit & loss statements. ITR documents will also be required

      4. GST registration, trade licence, partnership deed, articles of association, SEBI registration certificate and ROC registration certificate

      5. Bank statements for the last 6 months

      6. Recent passport-sized photos

      7. Duly filled and signed loan application form.

      VIEW MORE

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