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  • ₹10,000
  • ₹2 Cr

1 year 2 months 3 days

  • ₹1,68,000

  • ₹11,541

  • ₹1,79,571

  • 7%

  • 25/09/2023

  • 21/09/2024

Your monthly interest will be ₹6,571.

FD Calculation for Resident & NRI Customers

Explore tenure and interest rate related information

  • Resident Customers
  • NRI Customers

FD Calculation for Resident Customers

  • Tax Deducted at Source (TDS) will be applicable on the interest earned as per the prevailing rate for your FD
  • Interest rates are subject to change from time to time. Click here to know more on Fixed Deposit (FD) interest rates
  • The FD amount should be minimum of Rs 10,000 and maximum of Rs 1,99,99,999
  • The tenure of deposits are:
Pay-out Type Minimum tenure Maximum tenure

Cumulative

6 months

10 years

Quarterly 

3 months

10 years

Monthly

7 days

10 years

Cumulative interest payout: Minimum of 6 months, maximum of 10 years

Quarterly interest payout: Minimum of 6 months, maximum of 10 years.

Monthly interest payout: Minimum of 3 months, maximum of 10 years.

  • Short-term FD: Minimum of 7 days, maximum of 91 days.
  • Click here to know more about additional terms and conditions
  • The rates set as default in the calculator are for ‘Resident’ deposits less than Rs 1 crore.

FD Calculation for NRI customers

The FD Calculator provides indicative rates of the amount on maturity, which are applicable only to Non-Resident External (NRE) and Non-Resident Ordinary (NRO) Term Deposits with a Premature FD Withdrawal facility. The FD Calculator cannot be used for calculating the maturity value for Foreign Currency Non-Resident (FCNR) Account Deposits. Click here to know more about details on interest rates on FCNR deposits.

  • The FD Calculator will provide the maturity amount for deposits of up to Rs 1,99,99,999
  • Click here to know more about FD interest rates on deposits of Rs 2 crore and above
  • Senior citizen rates are not applicable for NRE and NRO Deposits
  • For NRO FDs, the maturity amount indicated is subject to TDS as applicable. The rates are subject to change from time to time. Click here to know more about interest rates
  • The minimum FD amount should be Rs 25,000.

The tenures of deposits are:

FD type Maximum Tenure Minimum Tenure
NRE FD 10 years  1 year
NRO FD 10 years 7 days

NRE FD: Minimum of 1 year, maximum of 10 years.

NRO FD: Minimum of 7 days, maximum of 10 years.

 

 

FD Calculator FAQs

How does one use the Fixed Deposit (FD) Calculator?

You can use the FD Calculator to calculate interest and maturity amount on the FD as follows:

  • Select the Customer Type i.e. Normal or Senior Citizen

  • Select the type of Fixed Deposit i.e. Cumulative or Interest Payout (Quarterly/Monthly) or Short-term FD

  • The FD date will be defaulted as the current date

  • Enter the FD amount

  • Select the format of entering the FD tenure i.e. in combination of Years/Months/Days or in Days. Only enter the preferred tenure according to the format chosen

  • The applicable interest rate, interest amount, maturity date and maturity amount are displayed to the customer.

How does one calculate the FD maturity amount?

FD maturity amount can be calculated using the FD Calculator in a simple manner using the below steps:

  • Select the Customer Type i.e. Normal or Senior Citizen

  • Select the type of FD i.e. Cumulative or Interest Payout (Quarterly/Monthly) or Short-term FD

  • Enter the FD amount

  • Enter the required FD tenure i.e. in combination of Years/Months/Days or in Days only

  • The applicable interest rate, interest amount, maturity date and maturity amount are displayed to the customer.

How is the interest on FD calculated?

Interest on FD is calculated on the basis of the FD tenure and the prevailing interest rate applicable at the time of opening an FD. Interest is calculated as follows:

  • Cumulative FD: Interest is calculated for the quarter and compounded/reinvested to the principal amount. Interest for the next quarter is calculated on the accumulative amount

  • Traditional FD with Quarterly Interest Payout option: Simple interest is calculated and paid at the end of each quarter

  • Traditional FD with Monthly Interest Payout option: Interest is paid at the discounted value and at the end of each month

  • Short-term FD: Interest is calculated on simple interest basis.

What is an ICICI Bank FD Interest Calculator?

ICICI Bank FD Interest Calculator is a simple tool to help customers determine the interest amount they would earn on their investment in deposits, basis the amount, tenure and prevailing interest rate. This can help calculate the returns on their investments.

What is the interest rate on FD for senior citizens?

Senior citizens are eligible for an additional rate of 0.50% over and above the general interest rate.

Senior citizens are eligible for special rates as below:

• Additional rate of interest of 5 bps, over & above the existing 50 bps will be paid to senior citizens on FDs (Less than Rs 2 crore) for special tenure of 15 months to less than 18 months and 18 months to less than 2 years

• Additional rate of interest of 10 bps, over & above the existing 50 bps will be paid to senior citizens on FDs (Less than Rs 2 crore) for a tenure of 5 years and above.

What is a Fixed Deposit?

A Fixed Deposit (FD) is an investment product offered by Banks and NBFCs to their customers. An FD promises you guaranteed returns that are calculated basis the interest offered at the time of opening an FD Account. Interest rates may differ depending upon the tenure and the amount you are opting for.

What are the types of FDs offered by ICICI Bank?

ICICI Bank offers two types of FDs:

Traditional Fixed Deposit: Interest amount is credited at regular intervals, i.e., Quarterly or Monthly. Customer can opt for Monthly/Quarterly payout at the time of creating the Fixed Deposit

Cumulative Fixed Deposit: Customer will receive a lump sum amount after maturity. The interest accrued is added back to the principal amount at quarterly intervals.

Who can invest in ICICI Bank Fixed Deposits?

Individuals and entities mentioned below are eligible to apply for a regular Fixed Deposit online:

  • Residents

  • Hindu Undivided Families

  • Sole Proprietorship Firms

  • Partnership Firms

  • Limited Companies

  • Trust Accounts

  • Non-Resident Indians

  • Minors with Guardianship.

Also, the Savings Account should be KYC verified.

What is the rate of interest on ICICI Bank Fixed Deposits?

ICICI Bank offers attractive interest rates on Fixed Deposits. Click here to view the current rates.

How do I open a Fixed Deposit Account online?

With ICICI Bank you can open a Fixed Deposit Account anytime, anywhere through any of the following channels such as iMobile Pay App, Internet Banking, Branch Visit, ATM or by contacting Customer Care.

What is the minimum amount required to open an FD?

A minimum deposit of ₹10,000 is necessary to open an ICICI Bank Fixed Deposit Account. For Recurring Deposits, a minimum deposit of ₹500 is required and later deposits in multiples of ₹100 (monthly).

What is the minimum and the maximum tenure for a Fixed Deposit?

ICICI Bank offers a flexible tenure for FDs that ranges from 7 days to 10 years.

How can I calculate the rate of interest on my Fixed Deposit?

You can calculate the interest rate using ICICI Bank FD Calculator. Please click here to use ICICI Bank FD Calculator

What are the steps to create an FD Account through Internet Banking?

  1. Log in to ICICI Bank Internet Banking

  2. Go to ‘Bank Accounts’

  3. Select ‘Deposits’

  4. Click on ‘Create FD’

  5. Select your FD type

  6. Enter your investment amount. You can open an FD for an amount equal to or greater than ₹10,000

  7. Select your FD tenure & Interest payout option

  8. Click on ‘Create FD’. You have successfully opened an FD Account with ICICI Bank.

 

 

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