ICICI FD Calculator
Estimate your maturity amount, interest earned, and post-tax return for an ICICI Bank fixed deposit.
Set 0 if you only want gross returns.
Disclaimer: Rate slabs in auto-mode are illustrative for calculator convenience only. Actual ICICI FD interest rates vary by date, tenure bucket, deposit size, and bank policy.
What this ICICI fixed deposit interest rates calculator does
This tool helps you estimate how much your fixed deposit can grow over time. You can enter your deposit amount, tenure, customer type, and interest rate to calculate maturity value and total interest. You can also switch between cumulative and non-cumulative FD options.
If you choose cumulative FD, interest is reinvested and compounds at your selected frequency. If you choose non-cumulative FD, you receive periodic interest payouts and usually get back your principal at maturity.
FD formula used in this calculator
1) Cumulative FD
Maturity Amount = P × (1 + r/n)n×t
- P = Principal amount
- r = Annual interest rate (decimal)
- n = Compounding frequency per year
- t = Tenure in years
2) Non-cumulative FD
Interest payout is estimated as simple periodic payout based on annual rate. Total gross interest over tenure is: P × r × t.
How to use this calculator correctly
- Enter the amount you want to invest in the FD.
- Select regular or senior citizen category.
- Enter years and months for your FD tenure.
- Choose cumulative or non-cumulative option.
- Keep “Use indicative ICICI rate” checked for auto-filled rate, or uncheck and enter your own rate.
- Click Calculate FD Return to view maturity amount, interest earned, and tax-adjusted estimate.
Illustrative ICICI FD rate buckets used in auto mode
The calculator applies indicative slabs when auto-rate is enabled. These are not official live rates and are only for quick planning.
| Tenure | Regular (Indicative) | Senior Citizen (Indicative) |
|---|---|---|
| Below 6 months | 3.50% | 4.00% |
| 6 to <12 months | 5.75% | 6.25% |
| 12 to <18 months | 6.60% | 7.10% |
| 18 to <24 months | 6.90% | 7.40% |
| 24 to <60 months | 7.00% | 7.50% |
| 60 to 120 months | 6.90% | 7.40% |
Cumulative vs non-cumulative FD: which one should you choose?
Cumulative FD is better when:
- You do not need monthly or quarterly income.
- You want compounding to maximize maturity value.
- Your goal is long-term wealth accumulation.
Non-cumulative FD is better when:
- You need regular payout for expenses.
- You are a retiree looking for steady income.
- You prefer cash flow over maximum compounding.
Tax and TDS on FD interest
FD interest is generally taxable under “Income from Other Sources.” Banks may deduct TDS when interest crosses the applicable threshold. Your final tax liability depends on your total annual income and slab. This calculator gives an estimate using the tax percentage you enter.
- Gross interest = before tax deduction.
- Net interest = gross interest minus estimated tax.
- Post-tax maturity = principal + net interest (estimated).
Tips to improve your fixed deposit returns
- Compare tenures—sometimes 15–24 month buckets offer better rates than shorter ones.
- Consider laddering multiple FDs to balance liquidity and returns.
- Check senior citizen benefits if eligible.
- Review payout type based on your cash-flow needs.
- Recheck rates before booking; bank rates can change anytime.
Frequently asked questions
Is this an official ICICI Bank calculator?
No. This is an independent planning calculator with illustrative auto-rates and manual customization.
Can I use my own FD rate?
Yes. Uncheck “Use indicative ICICI rate” and type your own annual interest rate.
Does this include penalty for premature withdrawal?
No. Premature closure penalties vary by bank and tenure and are not included in this estimate.
What frequency should I select for cumulative FDs?
Quarterly is commonly used for Indian bank FD calculations, but use the exact frequency in your FD terms for best accuracy.