Fixed Deposit Calculator

The ICICI Bank FD Calculator is a user-friendly tool designed to help customers estimate the interest earned on their Fixed Deposit (FD). By inputting the investment amount, tenure, and applicable interest rate, customers can easily calculate the potential returns on their deposit.

Using the FD Calculator is simple:

• Choose your customer type (Normal or Senior Citizen).
• Select the FD type (Cumulative or Interest Payout: Monthly/Quarterly).
• Input the FD amount and tenure (in Years/Months/Days or Days only).
• The calculator will display the interest rate, interest amount, maturity date, and final maturity value.

Interest on FDs is calculated based on the type of deposit and its tenure:

• Cumulative FD: Interest is compounded quarterly and reinvested with the principal.
• Quarterly Payout FD: Simple interest is paid at the end of each quarter.
• Monthly Payout FD: Interest is paid monthly at a discounted rate.
• Short-term FD: Interest is calculated on a simple interest basis.

ICICI Bank offers two FD options:

• Traditional FD:  Provides regular interest payouts (Monthly or Quarterly).
• Cumulative FD:  Offers a lump sum payment at maturity, including compounded interest.

Eligible applicants include:

• Tenure: ICICI Bank FDs are flexible, ranging from 7 days to 10 years.
• Minimum Deposit: Start with as little as ₹10,000 for FDs or ₹500 for Recurring Deposits.

Open an FD online or offline through:

• iMobile Pay App

• Internet Banking

• ATM

• Customer Care

• Steps for Internet Banking:

   

   

  • Log in to Internet Banking.

  • Navigate to ‘Bank Accounts’ > ‘Deposits’ > ‘Create FD’.

  • Select FD type, amount, tenure, and payout option.

  • Click ‘Create FD’ to complete the process.

Senior citizens enjoy higher FD interest rates compared to general customers. This ensures they have a steady and reliable income during their retirement years, supporting a secure financial future.

The FD Calculator helps you:

• Compare returns for different tenures and deposit amounts.
• Plan investments for better return.
• Get assured results based on accurate calculations using the input data.