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What are the interest rate and tenures for RFC deposits?

April 26, 2017deposits Interest rate rfc tenures

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What are the interest rate and tenures for RFC deposits?

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The interest rate on RFC account are set as per ICICI Bank policy and updated on our website. The RFC fixed deposits are accepted for tenures from 1 month to 36 months. The minimum amounts for opening these deposits are USD 1000, GBP 1000, EUR 1000, and JPY 200,000. Premature closures of deposits are subject to penalty of 1% on the rate applicable for the period for which the deposit has been with the Bank or the contracted rate, Whichever is lower.

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The interest rate on RFC accounts is set in line with FCNR rates and changed every month. The RFC fixed deposits are accepted for tenures from 12 month to 60 months. The minimum amounts for opening these accounts are USD 1000, GBP 1000, EUR 1000 and JPY 200,000. Premature closures of deposits are subject to penalty of 1% on the rate applicable for the period for which it has actually run.