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Fixed Deposit Calculator

Invest your idle funds in Fixed Deposit

Type of Customer: Normal Senior Citizen
Type of Fixed Deposit:

Amount:

Min Max*

Date Of FD:

Rate Of Interest:

Tenure:
- Years
- Months
- Days

Maturity Date:

Total Interest:₹
Maturity value:₹

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Fixed Deposit

How to Create Fixed Deposits on Internet Banking

In this video we will understand how you can open Fixed Deposit online on Internet Banking.

Open FD Xtra

How to Create Fixed Deposits on iMobile

In this video we will understand how you can open Fixed Deposit on the go conveniently through iMobile.

Open FD Xtra

Instant FD creation on iMobile

In this video we will understand how you can open a Instant Fixed Deposit on the go through iMobile within few seconds.

How to Manage your Fixed Deposit on Internet Banking

In this video we will look at how you can:

View your FD details
Download your FD Advice
Renew your FD for the same tenure
In case of any emergency how you can avail of Overdraft against your FD
Submit Form 15G/H to save TDS
Download Interest Certificate for your tax filing
Download TDS Certificate
Modify your FD nominee, when your FD Mode of operation case is Single

Renew your FD Submit Form 15G/H

How to Manage your Fixed Deposit on iMobile

In this video we will look at how you can:

View your FD details
Download your FD Advice
Renew your FD for the same tenure
In case of any emergency how you can avail of Overdraft against your FD
Submit Form 15G/H to save TDS
Download Interest Certificate for your tax filing
Download TDS Certificate
Modify your FD nominee, when your FD Mode of operation case is Single

Renew your FD Submit Form 15G/H

Features and benefits of Fixed Deposits

5 reasons why FD is the ideal investment option:

Safety of your funds with the trust of ICICI Bank
Assured returns on your investment
Designed for convenience – Invest anytime, anywhere using our iMobile, Internet Banking, branches, ATMs or Customer Care
Instant liquidity – Need funds for emergencies? Opt for partial withdrawal or get an Over Draft against your FD. Make premature withdrawals in multiples of Rs. 1,000 subject to applicable charges, get a Loan or Overdraft up to 90% of your FD amount and choose from monthly or quarterly payouts.
Minimum Balance - You can avail of ICICI Bank Fixed Deposits for a minimum deposit of Rs 10,000 for General Customers and Rs 2,000 for Fixed Deposits for Minors.
Loan against FD - Avail of a loan facility up to 90% of principal and accrued interest, safe custody of your FD receipts and automatic renewal of Deposit Account on completion of tenure. Loan against the fixed deposit maybe given to the depositors at the discretion of the bank
Competitive interest rates.

Investment starts with as low as just Rs 10,000 across flexible tenures to suit your needs, from 7 days to up to 10 years.

Fixed Deposit Plans

Traditional Plan

Earn interest monthly/quarterly basis as per your convenience with a maturity period ranging from 7 days to 10 years.

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Reinvestment Plan

Earn interest compounded quarterly and reinvested with the principal amount with a maturity period ranging from 6 months t

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Money Multiplier

Multiplier feature gives you the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit

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Type of Fixed Deposits

Regular Fixed Deposits
ICICI Bank Golden Years FD
Money Multiplier FD
Tax Saver FD

Regular Fixed Deposits

Simple investment product which offers safety, liquidity, flexibility and assured returns
FD can be opened for minimum amount of Rs 10,000
Choose from flexible tenure ranging from 7 days to 10 years
Instant opening through both iMobile and Internet Banking
Option of premature/partial withdrawal for urgent funds requirement
Overdraft (OD) against FD up to 90% on principal plus accrued interest

ICICI Bank Golden years FD

Now get an exclusive additional interest rate of 0.30% per annum on your Fixed Deposits above 5 years’ tenure.

Resident senior citizen customers, will get an additional interest rate of 0.30% for limited time over and above existing additional rate of 0.50% per annum
The additional rate will be available on fresh deposits opened as well as deposits renewed during the scheme period
Eligible FD tenure: 5 years 1 day up to 10 years
Applicable duration: May 20, 2020 to March 31, 2021
Applicable on single FD of amount less than Rs 2 crore
Premature withdrawal: In case deposit opened in above scheme is prematurely withdrawn/closed after, on or after 5 years 1 day, the applicable penal rate will be 1.30%. In case the deposit opened in above scheme is prematurely withdrawn/closed before 5 years 1 day, the prevailing premature withdrawal policy will be applicable
All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also.

Money Multiplier FD

The Money Multiplier feature gives you the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit linked to your Savings Account providing you the unique facilities.

Features:

Minimum balance in the Savings/Current Account should be Rs 15,000 to generate a linked FD request.
The linked FDs will be under the same Customer ID and will be for a minimum tenure of 1 year for Savings Account customer.
All FDs linked to the account will be enabled for automatic reverse sweep when the balance in the Savings Accounts falls below Rs 10,000 for individual customers.
FDs will be broken in Last-In, First-Out (LIFO) basis for reverse sweep.
The Fixed Deposit will be opened in auto renewal mode. The deposit will be renewed for the same tenure as the original tenure.
The interest rate on such Fixed Deposit will be the rate applicable for the respective period, prevailing as on the date of such auto renewal

Flexi Fixed Deposit for Current Account customers

The Flexi Fixed Deposit feature gives you the liquidity of a Current Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit (FD) linked to your Current Account providing you the unique facilities.

Features of Flexi Fixed Deposit

Minimum balance in the Current Account should be Rs 1,05,000 to generate a linked FD request.
All FDs linked to the Account will be enabled for automatic reverse sweep when the balance in the Current Account falls below Rs 1,00,000 for individual customers.
The linked FDs will be under the same Customer ID for Current Account customers.
FDs will be broken in the Last-In, First-Out (LIFO) basis for reverse sweep.
The Fixed Deposit will be opened in auto renewal mode. The deposit will be renewed for the same tenure as the original tenure.
The interest rate on such Fixed Deposit will be the rate applicable for the respective period, prevailing as on the date of such auto renewal.

Terms and Conditions apply.

Tax Saver Fixed Deposits

Unique product which offers dual benefits of assured returns and tax savings. Tax Saver Fixed Deposit offers tax deduction up to Rs 1.5 lakh under Section 80C of Income Tax Act.

Features

Invest as small as Rs 10,000
Fixed tenure of 5 years
Get tax deduction up to Rs 1,50,000 under Section 80C
Flexible interest payout – monthly, quarterly or reinvestment in principal
No premature withdrawal and auto-renewal facility
Interest earned is taxable

Other Benefits

Avail of a loan facility up to 90% of principal and accrued interest, safe custody of your FD receipts and automatic renewal of Deposit Account on completion of tenure.
Loan against the fixed deposit maybe given to the depositors at the discretion of the bank.

Nomination

Nominate a single nominee to your account proceeds, whether held solely or jointly. Applicants are required to fill a form prescribed under the Banking Companies (Nomination Rules), 1985. For more details, visit your nearest ICICI Bank branch.

Joint Declaration Form for allowing Premature Repayment of Term Deposits

Frequently Asked Questions (FAQs) for Fixed Deposit

what is fixed deposit (FD) account and how it works?

At ICICI Bank, we offer you Fixed Deposit which is one of the safe and secured instrument to invest into. Attractive rate of returns and flexibility to withdraw funds as and when require are some of the benefits of Fixed Deposit along with ease of investment and loan against deposit. Invest in ICICI Bank Fixed Deposit and give opportunity to your money to grow.

how to calculate fixed deposit interest?

The method of calculation on interest on a fixed deposit, both Traditional and Cumulative deposits is as under:

For Traditional fixed deposits with quarterly pay-outs interest is calculated based on annual rates (Simple Interest). However, in case of monthly pay-outs, interest is paid at a discounted value. For Traditional fixed deposits with quarterly pay-out, interest is calculated on the principal amount for completed quarters and then for the balance period, interest is calculated for completed months and further for incomplete month on actual number of days.
For Cumulative deposits, interest is compounded quarterly on completion of exact quarters. For the broken period beyond completed quarters, simple interest is calculated on the cumulated deposit amount for remaining number of days.
In case of premature withdrawal the interest is calculated on the principal amount for completed quarters and then for the balance period, interest is calculated for completed months and further for incomplete month on actual number of days.

what is the interest rate for fixed deposit?

Click here to view Interest rates offered by ICICI Bank on Fixed Deposits

how to open a fixed deposit account?

Open a Fixed Deposit Account easily through a number of channels like Internet or Phone Banking or simply by visiting your nearest ICICI Bank branch.

what is the minimum amount for fixed deposit?

You can avail of ICICI Bank Fixed Deposits for a minimum deposit of Rs 10,000.00 for General Customers and Rs 2,000.00 for Fixed Deposits for Minors

What is the minimum and maximum period for a fixed deposit?

Select from 2 Investment Plans:

Traditional Plan: Earn interest monthly/quarterly basis as per your convenience with a maturity period ranging from 7 days to 10 years.
Reinvestment Plan: Earn interest compounded quarterly and reinvested with the principal amount with a maturity period ranging from 6 months to 10 years.

What is a Tax Saving Fixed Deposit (FD)?

Fixed Deposit is an investment option that is provided by banks and Non-Banking Financial Companies (NBFCs) to facilitate the expansion of your wealth safely and securely.

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Where should you build an Emergency Fund?

An Emergency Fund is a collection of savings that has been put aside for any financial emergencies such as an economic crisis, job loss, political upheaval, overinflation or any kind of financial burdens that may prevent one’s normal revenue from coming in.

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