Savings Calculators
ICICI FD Calculator
ICICI Bank, one of India's largest private-sector banks, offers fixed deposits across tenures ranging from 7 days to 10 years at competitive interest rates. ICICI Bank FDs can be opened online in minutes through iMobile Pay or Internet Banking, and are insured by DICGC up to ₹5 lakh per depositor. The bank's strong capital adequacy and wide presence make it a popular choice for depositors seeking safety with better returns than a savings account. Use this ICICI FD calculator to estimate your maturity amount and interest — enter the deposit amount, an indicative interest rate and tenure to see your returns with quarterly compounding.
- Invested
- ₹1,00,000
- Interest Earned
- ₹41,478
Maturity Value
₹1,41,478
- Invested71%
- Interest Earned29%
Formula
M = P × (1 + r/4)^(4 × t)
- M
- Maturity amount at the end of the tenure.
- P
- Principal — the lumpsum amount deposited with ICICI Bank.
- r
- Annual interest rate ÷ 100.
- t
- Deposit tenure in years.
ICICI Bank compounds FD interest quarterly. The rate used here is indicative — confirm the live rate on ICICI Bank's official website or iMobile Pay app before booking, as rates vary by tenure, deposit amount and product type.
Worked example
Suppose you place a fixed deposit of ₹1,00,000 with ICICI Bank at an indicative rate of 7.00% per annum for a tenure of 3 years, with quarterly compounding.
- Deposit Amount (P)
- ₹1,00,000
- Interest Rate (p.a.)
- 7.00% (indicative)
- Tenure
- 3 years
Your ICICI FD matures to about ₹1,23,145 — meaning roughly ₹23,145 of interest earned on top of the ₹1,00,000 deposited over 3 years with quarterly compounding. Choosing a longer 5-year tenure at the same rate would compound the interest further, resulting in a significantly higher maturity amount.
Year-by-year growth
Based on the default ICICI FD Calculator values above. The final year matches the maturity value shown by the calculator — change the inputs to project your own plan.
- Total invested
- ₹1,00,000
- Interest earned
- ₹41,478
- Maturity value
- ₹1,41,478
- Value / invested
- 1.41×
Over 5 years, your ₹1,00,000 grows to about ₹1,41,478 — roughly 1.41× what you put in, thanks to compounding.
| Year | Invested | Interest earned | Maturity value |
|---|---|---|---|
| 1 | ₹1,00,000 | ₹7,186 | ₹1.07 Lakh |
| 2 | ₹1,00,000 | ₹14,888 | ₹1.15 Lakh |
| 3 | ₹1,00,000 | ₹23,144 | ₹1.23 Lakh |
| 4 | ₹1,00,000 | ₹31,993 | ₹1.32 Lakh |
| 5 | ₹1,00,000 | ₹41,478 | ₹1.41 Lakh |
How this ICICI FD calculator works
Enter the deposit amount, interest rate and tenure to see your ICICI Bank FD maturity value and interest earned update instantly. The rate is pre-set to an illustrative 7.00% — adjust it to the actual rate ICICI Bank offers for your chosen tenure and deposit amount to get a realistic figure.
ICICI Bank FDs: digital-first convenience
ICICI Bank’s strength is its fully digital FD experience. Customers can open, view, break (partially or fully) and renew FDs entirely through iMobile Pay without visiting a branch. For investors who park short-to-medium-term funds regularly, this frictionless process makes FD management as easy as any other transaction. The competitive rates across 1–5 year tenures, combined with ICICI Bank’s private-sector service standards, make it a strong option for salaried and professional depositors.
Tips for ICICI Bank FD investors
- Use the online FD feature in iMobile Pay to instantly move surplus funds from your savings account into an FD and earn more interest with no paperwork.
- Book 3-year or 5-year FDs when rates are attractive, locking in the higher rate for the full tenure before any future cuts.
- Compare the iWish Flexible FD if you want FD returns with partial liquidity — it allows variable deposits into a single FD account.
- Senior citizen premium applies automatically when your age is updated in ICICI Bank’s records; verify your KYC to ensure you are receiving the applicable higher rate.
- File Form 15G/15H digitally via iMobile Pay at the start of each financial year to avoid TDS deductions if your income is below the taxable threshold.
faq
Frequently asked questions.
What types of FDs does ICICI Bank offer?
ICICI Bank offers Regular Fixed Deposits, Tax Saver FDs (5-year lock-in, 80C benefit), Recurring Deposits, Senior Citizen Fixed Deposits (higher rate), and the iWish Flexible FD (variable deposits). ICICI Bank also offers online FDs that can be opened and managed entirely through iMobile Pay or Internet Banking without visiting a branch.
How do I open an ICICI Bank FD online?
Existing ICICI Bank customers can open an FD instantly via iMobile Pay (the ICICI Bank mobile app) or through Net Banking. Select 'Fixed Deposit', choose the tenure and amount, and confirm the booking. The FD is created immediately and the amount debited from your linked savings account. New customers need to visit a branch or open an account online first.
Can I break my ICICI Bank FD before maturity?
Yes, most ICICI Bank FDs allow premature withdrawal at an interest penalty — typically a 1% reduction in the applicable interest rate for the actual period held. Tax Saver FDs are locked in for 5 years and cannot be broken early. Premature withdrawal may make sense if you need liquidity urgently but will reduce the net interest earned.
Does ICICI Bank deduct TDS on FD interest?
Yes. ICICI Bank deducts TDS at 10% when the annual interest on all FDs at the bank exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G (non-senior citizens below the exemption limit) or Form 15H (senior citizens) at the start of each financial year to prevent TDS deduction if your income is below the taxable threshold.
What happens to my ICICI FD at maturity?
At maturity, ICICI Bank auto-renews the FD for the same tenure at the prevailing rate unless you instruct otherwise. You can also choose to credit the maturity amount to your savings account, choose a different tenure, or change the deposit amount at the time of renewal.