Attractive Returns on Foreign Currency Fixed Deposits

It is a short-term deposit in major global currencies like USD, EUR, GBP, CAD, AED, AUD, SGD, and HKD, offering stable returns with flexible tenure of 7 to 180 days.

Resident Indians with an ICICI Bank GIFT City Global Savings Account, valid PAN, ID, and address proof can open an RI – Fixed Deposit under the Liberalised Remittance Scheme (LRS), up to USD 2,50,000 annually.

Customers enjoy stable foreign currency returns, multiple currency options, nil exchange risk, premature and partial withdrawal facility, flexible tenure, and easy auto-renewal options.

You can apply online through Retail Internet Banking (RIB) or submit a physical Fixed Deposit form at an ICICI Bank IBU GIFT City branch or via your Relationship Manager.

Any received /realised /unspent /unused foreign exchange from onshore India or from locations other than onshore India in Foreign Currency Account (FCA), unless reinvested within a period of 180 days from the date of such receipt/ realization/ purchase/ acquisition or date of return to India shall repatriated through an Authorised Person (AP) to the account of the RI in designated Authorised Dealer (AD) Bank.