ICICI Bank FD Interest Calculation: Slabs, Compound Interest & Tenure Guide
By Pradipta Ray · Published
ICICI Bank offers fixed deposits with competitive interest rates and seamless digital booking. Here is how ICICI Bank calculates maturity values, interest yields, and tax deductions.
ICICI Bank fixed deposits are a popular choice for retail savers seeking predictable returns and liquidity. By compounding interest every 90 days, ICICI Bank provides an annualized effective yield that exceeds the headline card rate.
Direct Answer: ICICI Bank computes cumulative FD maturity via quarterly compounding. A ₹1,00,000 deposit at 7.00% p.a. for 2 years matures at ₹1,14,888 (interest earned: ₹14,888, effective yield: 7.44% p.a.).
ICICI Bank FD Returns on ₹1 Lakh (at 7.00% p.a.)
| Tenure | General Public Rate | Senior Citizen Rate | General Maturity | Senior Maturity |
|---|---|---|---|---|
| 1 Year (365 days) | 6.70% | 7.20% | ₹1,06,870 | ₹1,07,398 |
| 15 Months to 18 Months | 7.20% | 7.75% | ₹1,09,335 | ₹1,10,076 |
| 2 Years | 7.00% | 7.50% | ₹1,14,888 | ₹1,16,022 |
| 3 Years | 7.00% | 7.50% | ₹1,23,144 | ₹1,24,972 |
| 5 Years (Tax Saver) | 7.00% | 7.50% | ₹1,41,478 | ₹1,44,995 |
Cumulative vs Non-Cumulative Payout Options
ICICI Bank allows depositors to choose between cumulative reinvestment (interest paid at maturity) or non-cumulative options (monthly, quarterly, or half-yearly payouts). If you choose monthly interest payout, interest is discounted at quarterly compounding rates, resulting in a slightly lower cash flow than dividing the annual interest by 12.
Key Operational Guidelines for ICICI Depositors
Premature penalty: If broken before maturity, ICICI Bank levies a 0.50% penalty for tenures under 1 year and 1.00% for tenures of 1 year and above.
Auto-renewal facility: Check your iMobile app settings to decide whether principal and interest should renew automatically or credit to your savings account upon maturity.
Loan against FD: You can obtain an instant digital overdraft up to 90% of your deposit value on the iMobile app at 1% above the deposit rate.
Frequently asked questions
What is ICICI Bank's peak FD interest rate?
How does ICICI Bank calculate FD maturity?
What is the ICICI Bank Golden Years FD scheme?
Calculators for this
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Authoritative Sources
- ICICI Bank Term Deposit Rates Official Page· verified 1 September 2026
- Reserve Bank of India Master Direction - Deposits· verified 1 August 2026