ICICI Bank Fixed Deposit (FD) Calculator
How to Use Paisabazaar’s ICICI Bank FD Calculator
The procedure for using Paisabazaar’s ICICI Bank FD Calculator is as follows:
- Specify the fixed deposit amount, tenure and ICICI Bank FD interest rate
- Click on ‘Calculate’
- The FD calculator will instantly reflect the total maturity value, principal amount and interest amount earned on the FD.
ICICI Bank FD Interest Rates 2024
ICICI Fixed Deposit Interest Rates on Domestic & NRO Deposits of less than Rs 3 crore w.e.f. 20 February 2024
| Tenure | Interest Rates (p.a.) | |
| Regular Individuals | Senior Citizens | |
| 7 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 days to 60 days | 4.25% | 4.75% |
| 61 days to 90 days | 4.50% | 5.00% |
| 91 days to 184 days | 4.75% | 5.25% |
| 185 days to 270 days | 5.75% | 6.25% |
| 271 days to less than 1 year | 6.00% | 6.50% |
| 1 year to less than 15 months | 6.70% | 7.20% |
| 15 months to less than 18 months | 7.25% | 7.85% |
| 18 months to 2 years | 7.25% | 7.75% |
| 2 years 1 day to 5 years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 6.90% | 7.40% |
Note:
- NRE rates are applicable for tenure of 1 year and above only.
- The additional senior citizen rates are applicable to domestic term deposits only.
ICICI Bank Tax Saver Deposit
| Tenure | Regular Individuals (% p.a.) | Senior Citizens (% p.a.) |
| 5 years Tax Saver FD | 7.00% | 7.50% |
Note: Interest rates as on 20 February 2025
Comparison of Top 20 Scheduled Banks based on FD Rates
Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) | 3-year FD rate (% p.a.) | 5-year FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
| Unity Small Finance Bank | 9.00 | 7.85 | 8.15 | 8.15 | 0.50 |
| North East Small Finance Bank | 9.00 | 7.00 | 9.00 | 6.25 | 0.50 |
| Suryoday Small Finance Bank | 8.60 | 8.25 | 8.25 | 8.60 | 0.50 |
| Shivalik Small Finance Bank | 8.55 | 6.00 | 7.50 | 6.50 | 0.50 |
| Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.75 | 0.60 |
| ESAF Small Finance Bank | 8.38 | 6.00 | 6.75 | 6.25 | 0.50 |
| Jana Small Finance Bank | 8.25 | 8.25 | 8.25 | 8.20 | 0.50 |
| Ujjivan Small Finance Bank | 8.25 | 8.10 | 7.20 | 7.20 | 0.50 |
| Equitas Small Finance Bank | 8.25 | 8.10 | 8.00 | 7.25 | 0.50-0.75 |
| SBM Bank | 8.25 | 7.05 | 7.30 | 7.75 | 0.50 |
| AU Small Finance Bank | 8.10 | 7.25 | 7.50 | 7.25 | 0.50 |
| DCB Bank | 8.05 | 7.10 | 7.50 | 7.40 | 0.50 |
| Bandhan Bank | 8.05 | 8.05 | 7.25 | 5.85 | 0.50-0.75 |
| RBL Bank | 8.00 | 7.50 | 7.50 | 7.10 | 0.50 |
| Induslnd Bank | 7.99 | 7.75 | 7.25 | 7.25 | 0.50 |
| IDFC First Bank | 7.90 | 6.50 | 6.80 | 6.75 | 0.50 |
| YES Bank | 7.75 | 7.25 | 7.25 | 7.25 | 0.50-0.75 |
| Central Bank of India | 7.50 | 6.85 | 7.00 | 6.75 | 0.50 |
| Punjab & Sind Bank | 7.45 | 6.30 | 6.00 | 6.00 | 6.00 |
| HDFC Bank | 7.40 | 6.60 | 7.00 | 7.00 | 0.50 |
The total maturity value depends on the ICICI Bank FD rates, deposit tenure, FD amount and type of FD chosen, i.e. cumulative or non-cumulative FD.
Under non-cumulative FD, ICICI Bank offers both monthly and quarterly interest payout options under its traditional and tax saver plans. In the quarterly interest pay-out option, interest is credited on a quarterly basis on the current/saving account of the depositor. In the monthly pay-out option, interest is calculated quarterly and paid out to the depositor each month at a discounted rate. In the case of cumulative ICICI Bank FD option (also known as reinvestment option), the interest component remains invested till FD maturity.
ICICI Bank FD monthly payout option is ideal for depositors needing fixed monthly income to meet their expenses. The cumulative investment option would help the depositor benefit from the power of compounding, as the interest component of the fixed deposit remains invested and starts generating interest income on its own.
Advantages of Using ICICI Bank FD Calculator
Some of the benefits of using online ICICI Bank FD Calculator are as follows:
Free of Cost
The ICICI Bank FD calculator tool is free of cost, thus prospective depositors can use it a number of times to compare and analyse returns for different combinations of FD interest rates, principal amount and FD tenure.
Saves Time
Manually calculating the FD maturity value can be cumbersome and time taking which can increase the chances of human errors. ICICI Bank FD calculator uses an automated process to save time and provide accurate calculations.
Know Your Returns in Advance
ICICI Bank FD calculator provides reliably accurate estimates of the total earnings from the investment. Thus, prospective FD customers can use this calculator to make an informed decision based on their liquidity requirements and cash flows before opting for a fixed deposit.