Global Savings Account Interest Rates for Resident Indians

Savings Account Interest rates for accounts opened by Resident Indians in ICICI Bank IBU GIFT City branch with effect from Dec 17^th, 2025

Currency	Rate
USD	3.50%
GBP	2.75%
EUR	1.75%
SGD	1.00%
CAD	2.50%
AUD	3.50%
AED	3.50%
HKD	0.00%

Savings Account Interest FAQs

How is interest calculated in a Global Savings Account?

Interest for Global Savings Accounts will be calculated on the daily closing balances maintained in the account.

Credited monthly or quarterly, depending on account type and currency.

The interest rates may vary depending on the currency held and prevailing market conditions.

Do interest rates vary depending on the currency I choose for my Global Savings Account?

Yes, interest rate offerings differ for each currency available in the Global Savings Account. You can choose to open your account in any of the 8 supported currencies, including USD, GBP, EUR, CAD, AUD, AED, HKD or SGD, based on your financial goals.

Can resident Indians open a Global Savings Account?

Yes, Resident Indians can open a Global Savings Account under the Liberalised Remittance Scheme (LRS).

Under LRS, individuals can invest up to USD 250,000 per financial year (April to March) in securities listed on IFSC exchanges and other permissible instruments.

This account provides an opportunity to diversify investments internationally while remaining compliant with Indian regulations.

What happens to unused foreign exchange?

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.