ICICI FD Calculator

The ICICI FD Calculator helps you determine the maturity value and total interest earned on your Fixed Deposit (FD) with ICICI Bank. Whether you’re investing for a few months or several years, this tool provides a quick and accurate projection of your FD returns.

What Is an ICICI Fixed Deposit?

An ICICI Fixed Deposit is a secure investment product where you deposit a lump sum amount for a fixed tenure at a guaranteed interest rate. It is suitable for individuals seeking capital protection and steady returns.

Key Features

• Tenure: 7 days to 10 years
• Minimum deposit: ₹10,000 for regular FDs
• Interest payout: Monthly, quarterly, or at maturity
• Senior citizen benefit: Additional 0.50% p.a. interest on applicable schemes
• Compounding: Quarterly for cumulative FDs
• Taxation: Interest is taxable; TDS applies if interest exceeds ₹40,000/year (₹50,000 for senior citizens)

How the ICICI FD Calculator Works

Inputs Required

• Deposit amount
• Tenure (in months or years)
• Applicable interest rate
• Compounding frequency (quarterly by default)

Formula Used

A = P × (1 + r/n)^{n × t}

• A: Maturity amount
• P: Deposit amount
• r: Annual interest rate (as decimal)
• n: Compounding frequency per year (usually 4)
• t: Tenure in years

Output Provided

• Total interest earned
• Maturity amount
• Effective annual yield

Example

If you invest ₹1,00,000 in an ICICI FD for 5 years at 7.1% p.a. (compounded quarterly):

• Interest earned: ≈ ₹41,000
• Maturity amount: ≈ ₹1.41 lakh

Benefits of Using the ICICI FD Calculator

• Get quick and precise maturity projections
• Compare returns for different tenures and rates
• Helps plan fixed-income goals like retirement or education
• Ideal for conservative investors seeking safe returns

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.