ICICI Bank Fixed Deposit (FD) Calculator
Compute fixed deposit interest and maturity payout for ICICI Bank term deposits with standard quarterly compounding.
Official Rate Formula & Benchmark:
ICICI Bank calculates term deposit returns using quarterly compounding. For a 3-year deposit, the official rate is 7.00% p.a. (7.50% for seniors).
Current official starting rate: 7.00% p.a. (Range: 6.70% – 7.25% p.a.).
ICICI Bank FD Calculator
Interactive calculation engine using official ICICI Bank rates
Senior Citizen Benefit
ICICI Bank offers 7.50% p.a. (+0.50% extra) for age 60+
Deposit Growth Schedule
| Year | Cumulative Interest | Closing Value |
|---|---|---|
| Year 1 | ₹35,930 | ₹5,35,930 |
| Year 2 | ₹74,441 | ₹5,74,441 |
| Year 3 | ₹1,15,720 | ₹6,15,720 |
Rate Verification & Official Notice
7.00% p.a.
6.70% – 7.25% p.a.
fixed RateRBI Repo Linked / Card Rate
Senior Citizens: up to 7.50% p.a.Applicable Conditions & Eligibility Factors:
- Quarterly compounding on term deposits of 180+ days
- Golden Years FD provides extra 10 bps for 5+ years
Source: ICICI Bank Fixed Deposit Interest Rates
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Interest compounds quarterly for deposits of 180 days and longer.
- 2Senior citizens receive an additional 0.50% p.a. return.
Key Factors Influencing Your Rate
- •Tenure selection
- •Golden Years FD scheme
Worked Numerical Example: ICICI Bank FD Calculator
A fixed deposit of ₹5,00,000 placed for 3 years at 7.00% p.a. with quarterly compounding matures at ₹6,15,720, earning ₹1,15,720 in cumulative interest.
Frequently Asked Questions: ICICI Bank FD Calculator
- What is Golden Years scheme?
- Offers extra 10 bps over senior citizen rate for 5+ years.
- Premature withdrawal?
- Allowed with standard 0.50% to 1.00% penalty.