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Fixed Deposit Calculator

Invest your idle funds in Fixed Deposit

  • Type of Customer:
  • Type of Fixed Deposit:
Amount:
Min Max*
  • Date Of FD:
  • Rate Of Interest:
  • Tenure:
    • Years

    • Months

    • Days

  • Maturity Date:
  • Total Interest:
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  • Maturity value:

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Fixed Deposit (FD)

Earn assured returns on your savings and meet your short-term and long-term goals with fixed deposits from ICICI Bank. With attractive interest rates and flexible investment tenures, our fixed deposits are one of the safe investment options available. Opt for a fixed deposit account with us and let your savings grow over a period ranging from seven days to a decade!

You can open a fixed deposit account with us through a number of channels like internet banking or mobile banking. If you prefer accessing our banking services in-person, simply visit the branch of ICICI Bank that is near to you to open your fixed deposit account.

How to Create Fixed Deposits on Internet Banking
How to Create Fixed Deposits on Internet Banking

To know how to create fixed deposits on internet banking

take a look at this video:

How to Create Fixed Deposits on iMobile

To know how to create fixed deposits on iMobile

How to Create Fixed Deposits on iMobile
Instant FD creation on iMobile

Instant FD creation on iMobile

Instant FD creation on iMobile

In this video, we will understand how you can open an instant fixed deposit through iMobile within a few seconds.

How to Manage your Fixed Deposit on Internet Banking

To know how to manage your fixed deposit on internet banking

How to Manage your Fixed Deposit on Internet Banking

Managing your Fixed Deposit is very easy, quick and convenient on Internet Banking. Take a look at this video to understand:

  1. View your FD details
  2. Renew your FD for the same tenure
  3. Download your FD Advice
  4. View your Deposit Statement
  5. Update your FD nominee, when your FD Mode of operation case is Single
  6. In case of any emergency how you can avail of Overdraft against your FD
  7. How can you avail Credit card against your FD
  8. Submit Form 15G/H to save TDS
  9. Download Interest Certificate for your tax filing

T&C at https://www.icicibank.com/terms-condition/savings-terms-conditions.page?#fixd shall apply.

How to Manage your Fixed Deposit on iMobile

To know how to manage your fixed deposit on iMobile

How to Manage your Fixed Deposit on iMobile

Managing your Fixed Deposit is very easy, quick and convenient on iMobile. Take a look at this video to understand:

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

Benefits and features of fixed deposits from ICICI Bank

Invest in fixed deposits from ICICI Bank and make use of various features that help you meet your life goals. FD investors get to experience a variety of beneficial features, some of which we have explained here.

Here is a quick list to tell you 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? Get an overdraft against your FD or opt for partial withdrawal.
  • Minimum Balance - You can avail of ICICI Bank Fixed Deposits for a minimum deposit of ₹10,000.
  • 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 ₹10,000 across flexible tenures to suit your needs, from seven (7) days to up to ten (10) years.

Choice of Plans

Traditional plan

Traditional plann

Earn interest on a monthly or quarterly basis as per your requirement with our traditional fixed deposit, which has a maturity peri

Apply Now
Reinvestment plan

Reinvestment plan

Earn interest that is compounded quarterly and reinvested along with the principal amount through our reinvestment plan, which come

Apply Now
Money Multiplier

Money Multiplier

Money Multiplier feature gives you the liquidity of a savings account coupled with assured returns of a fixed deposit.

Apply Now

Type of Fixed Deposits

  • Regular FD
  • ICICI Bank Golden Years FD (For resident senior citizens)
  • Money Multiplier FD
  • Tax Saver FD
Regular Fixed Deposits

Regular Fixed Deposits

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

Golden years fixed deposit from ICICI Bank

Now get an exclusive additional interest rate of 0.30% per annum on your fixed deposits above five years’ tenure. Interested in learning more about the golden years fixed deposit from ICICI Bank? Here are the other salient features of this investment option.

  • Customers who are resident senior citizens will earn an additional interest on their fixed deposits, at the rate of 0.30% over and above the existing additional rate of 0.50% per annum, for a limited period.
  • This additional rate of interest will be applicable on fresh deposits opened as well as on deposits renewed during the period of the scheme.
  • Fixed deposits with tenures ranging from five years and one day up to 10 years are eligible for this additional interest.
  • This scheme is applicable from May 20, 2020 to June 30, 2021.
  • It is applicable on single fixed deposits of amounts less than ₹2 crore.
  • In case any deposit opened or renewed under this scheme is prematurely withdrawn/closed on or after five years and one day, the penal rate applicable is 1.30%.
  • In case any deposit opened or renewed under this scheme is prematurely withdrawn/closed before five years and one day, the prevailing premature withdrawal policy is applicable.
  • All the other features of term deposits as well as the terms and conditions associated with them are applicable, unchanged on this scheme as well.

Money Multiplier FD

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:

  1. Minimum balance in the Savings/Current Account should be ₹15,000 to generate a linked FD request.
  2. The linked FDs will be under the same Customer ID and will be for a minimum tenure of 1 year for Savings Account customer.
  3. All FDs linked to the account will be enabled for automatic reverse sweep when the balance in the Savings Accounts falls below ₹10,000 for individual customers.
  4. FDs will be broken in Last-In, First-Out (LIFO) basis for reverse sweep.
  5. The Fixed Deposit will be opened in auto renewal mode. The deposit will be renewed for the same tenure as the original tenure.
  6. 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

Money Multiplier FD

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

  1. Minimum balance in the Current Account should be 1,05,000 to generate a linked FD request.
  2. All FDs linked to the Account will be enabled for automatic reverse sweep when the balance in the Current Account falls below 1,00,000 for individual customers.
  3. The linked FDs will be under the same Customer ID for Current Account customers.
  4. FDs will be broken in the Last-In, First-Out (LIFO) basis for reverse sweep.
  5. The Fixed Deposit will be opened in auto renewal mode. The deposit will be renewed for the same tenure as the original tenure.
  6. 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 Deposits offers tax deduction up to ₹1.5 lakh under Section 80C of Income Tax Act.

  • Invest as small as ₹10,000
  • Fixed tenure of five years
  • Get tax deduction up to ₹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

*Subject to Income Tax Act, 1961 and amendments thereto.

 

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Overdraft against your fixed deposit

Avail an overdraft against your fixed deposit of up to 90% of the principal and accrued interest, subject to ICICI Bank’s sole discretion. With this advantage, you can take care of your short-term emergency requirements without any hassles.

Easy nomination

Whether you hold your fixed deposit account solely or jointly, you can select a single nominee for the proceeds from your account. You only need to fill out a form that’s prescribed under the Banking Companies Act (Nomination Rules). For more details, do visit your nearest ICICI Bank branch.

Joint Declaration Form for allowing Premature Repayment of Term Deposits

Other Benefits

Fixed deposits of ICICI Bank also offer you a host of other benefits, such as:

  • Automatic renewal of your fixed deposit account at the end of the original tenure.
  • Convenient booking through multiple channels.
  • Partial withdrawal.

Why opt for ICICI Bank’s fixed deposits? 

If you are keen on knowing why you should open an FD with us, here are some excellent reasons to do so.

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Frequently Asked Questions (FAQs) for Fixed Deposit

What is a fixed deposit (FD) account and how does it work?


A fixed deposit is an investment option that allows you to earn interest on the amount invested/deposited.

When you invest in an FD, the amount you deposit is invested for the period of the investment. At the end of the FD’s tenure, you can withdraw your principal as well as the interest earned thereon. You can even choose to receive the interest earned on your deposit as period payments.

At ICICI Bank, we offer you the option of investing in a fixed deposit, which is a safe and secure instrument. Attractive rates of interest and the flexibility to withdraw funds as and when required are some of the benefits of our FDs. Other beneficial features of ICICI Bank’s fixed deposits include ease of investment and the option to avail a loan against your deposit.

How can I calculate the interest on my fixed deposit?


The methods of calculation of interest on our fixed deposits, both traditional and cumulative, are explained below.

Traditional FDs

  • 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.

Cumulative FDs

For cumulative deposits, the interest is compounded quarterly upon completion of the exact quarters. For the balance periods, simple interest is calculated on the cumulative amount of the deposit for the remaining number of days.

Premature withdrawals

In case of premature withdrawals, interest is calculated as per the rate applicable for the tenure the deposit remained with ICICI Bank less penal rate as is prescribed by ICICI Bank from time to time.

What is the rate of interest for fixed deposits with ICICI Bank?


Click here to view the rates of interest offered by ICICI Bank on fixed deposits.

How do I open a fixed deposit account with ICICI Bank?


You can open a fixed deposit account with us easily, through a number of channels like internet banking, iMobile or customer care. Alternatively, you can even simply visit the branch of ICICI Bank that is near to you to open a fixed deposit.

What is the minimum amount I need to deposit in my FD?


You can open a fixed deposit account with us even with a minimum deposit of ₹10,000 (applicable for general customers). To open a fixed deposit account for minors, you only need to make a minimum deposit of ₹2,000.

What is the minimum and the maximum period for which I can open a fixed deposit?


The minimum and maximum period for opening a fixed deposit depends on the investment plan you choose. Currently, we offer two options.

  • Traditional plan: Earn interest on a monthly/quarterly basis, as per your requirement, with a maturity period ranging from seven days to 10 years.
  • Reinvestment plan: Earn interest that is compounded quarterly and reinvested along with the principal amount, with a maturity period ranging from six months to 10 years.

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