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Fixed Deposit (FD) Calculator

Keep your hard earned money safe in Fixed Deposit

  • A safe and stable investment option which promises attractive and assured returns
  • Safe custody of your fixed deposit receipts
  • Facility of automatic renewal

Fixed Deposit Calculator

  • Type of Customer:
  • Type of Fixed Deposit:
Amount:
Min Max*
  • Date Of FD:
  • Illustrative Interest Rates (In % p.a.):
  • Tenure:
    • Years

    • Months

    • Days

  • Maturity Date:
  • Total Interest:₹ 53,057
  • Maturity value:₹ 3,43,169

*T&C apply

 

Calculate your return on a Fixed Deposit (FD)

 

We have optimised the FD interest rate calculator for you:

  • With an FD calculator you can work out the annualised interest rate on your Fixed Deposit
  • With an FD calculator gauge your investment growth in the given tenure
  • With an FD calculator design a monthly/quarterly pay-out plan by investing a lump sum.

START YOUR FD NOW

 

 

FD Calculation for Resident Customers

 

  • Tax Deducted at Source (TDS) will be applicable on the interest earned as per the prevailing rate for your FD
  • Interest rates are subject to change from time to time. Click on FD interest rate to know more.
  • The FD amount should be minimum Rs 10,000 and maximum Rs 1,99,99,999
  • The tenure of deposits are as follows:

Pay-out type Minimum tenure Maximum tenure:

Pay-out type Minimum tenure Maximum tenure
Cumulative 6 months 10 years
Quarterly  3 months  10 years
Monthly 7 days 10 years

 

Cumulative interest pay out: Minimum of six months, maximum period is 10 years

Quarterly interest pay out: Minimum of six months, maximum period is 10 years.

Monthly interest pay out: Minimum of three months, maximum period is 10 years.

  • Short-term FD: Minimum of seven days, maximum period is 91 days.
  • Please click here to know more about additional terms and conditions
  • The rates set as default in the calculator are for ‘Resident’ deposits less than Rs 1 crore.

 

FD Calculation for NRI Customers

 

  • The FD calculator provides indicative rates of the amount on maturity, which are applicable only to Non-Resident External (NRE) and Non Resident Ordinary (NRO) Term Deposits with a premature FD withdrawal facility. The FD calculator cannot be used for calculating the maturity value for Foreign Currency Not Repatriable (FCNR) Account Deposits. Please click here to know more about details on interest rates on FCNR deposits.
  • The FD calculator will provide the maturity amount for deposits of up to Rs 1,99,99,999.
  • Please click here to know more about interest rates on deposits of Rs 2 crore and above,
  • Senior citizen rates are not applicable to NRE and NRO Deposits
  • For NRO FDs, the maturity amount indicated is subject to TDS as applicable from time to time Rates are subject to change from time to time. Please click here to know more about interest rates.
  • The minimum FD amount should be Rs 25,000

 

The tenures of deposits are as follows:

FD type  Maximum Tenure Minimum Tenure
NRE FD 10 years  1 year
NRO FD 10 years 7 days

 

NRE FD: Minimum of one year, maximum period is 10 years

NRO FD: Minimum of seven days, maximum period is 10 years

 

FD Calculator FAQs

You can use the FD Calculator to calculate interest and maturity amount on the Fixed Deposit as follows:

  • You can select the Customer Type i.e. Normal or Senior Citizen Customer
  • Select the type of Fixed Deposit i.e. Cumulative or Interest Payout (Quarterly/Monthly) or Short Term FD
  • The date of FD will be defaulted as the current date
  • Enter the amount of FD
  • Select the format of entering the tenure of FD i.e. in combination of Years/Months/Days or in Days only Enter the preferred tenure according to the format chosen
  • The applicable interest rate, interest amount, maturity date and maturity amount are displayed to the customer.

Fixed Deposit maturity amount can be calculated using the FD Calculator in a simple manner using the below steps:

  • Customer will have to select the Customer Type i.e. Normal or Senior Citizen
  • Select the type of Fixed Deposit i.e. Cumulative or Interest Payout (Quarterly/Monthly) or Short Term FD
  • Enter the amount of FD
  • Enter the required tenure of FD i.e. in combination of Years/Months/Days or in Days only
  • The applicable interest rate, interest amount, maturity date and maturity amount are displayed to the customer.

Interest on Fixed Deposit is calculated on the basis of the tenure of FD and the prevailing interest rate applicable at the time of opening the FD. Interest is calculated as follows:

  • Cumulative FD: Interest is calculated for the quarter and compounded/reinvested to the principal amount. Interest for the next quarter is calculated on the accumulative amount.
  • Traditional FD with Quarterly interest payout option: Simple interest is calculated and paid at the end of each quarter
  • Traditional FD with Monthly interest payout option: Interest is paid at the discounted value and at the end of each month
  • Short Term FD: Interest is calculated on simple interest basis.

ICICI Bank FD Interest Calculator is a simple tool to help customers determine the interest amount they would earn on their investment in deposits basis the amount, tenure and prevailing interest rate. This can help in the calculation of the returns on their investments.

Senior citizens are eligible for an additional rate of 0.50% over and above the general interest rate for tenure buckets of 7 days to 5 years and an additional rate of 0.80% over and above the general in 5 years 1 day to 10 years. Click here to know more about the current interest rates offered for senior citizens.

Determining the maturity amount of a Fixed Deposit (FD) can be simplified using calculators for:
Simple interest FD

Compound interest FD

For simple interest FD, the calculator uses the formula:

M = P + (P x r x t/100)

Here's the breakdown:

P - The principal amount deposited

r - The annual interest rate

t - The tenure in years

For example, if you invest Rs 1,00,000 for 5 years at a 10% interest rate, the calculation becomes:

M = Rs 1,00,000 + (1,00,000 x 10 x 5/100)

= Rs 1,50,000

In contrast, the compound interest-based FD calculator uses a different formula:

M = P + P {(1 + i/100) t – 1}

With similar variables, a compound interest FD would yield:

M = Rs 1,00,000 {(1 + 10/100) 5-1}

= Rs 1,61,051.

These calculators simplify calculations and ensure customers accurately estimate the returns they will get from their FD.


The data generated herein is completely and solely based on the information/details provided by you in response to the questions specified by ICICI Bank Limited ("ICICI Bank"). These questions and the calculations thereon resulting in specific data are developed and based on certain tools and calculators that are made available to ICICI Bank and are based on pre-determined presumptions/assumptions. ICICI Bank, while providing and developing these tools, has relied upon and assumed, without independent verification, the accuracy and completeness of all information made available to it from public / private sources and vendors or which has otherwise been reviewed by ICICI Bank.

Such information and the resultant data is provided only for user's convenience and information purposes. ICICI Bank does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining of advise of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. ICICI Bank does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against ICICI Bank. Neither ICICI Bank nor any of its agents or licensors or group companies shall be liable to user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein.

Nothing contained herein shall amount to an offer, invitation, advertisement, promotion or sponsor of any product or services of ICICI Bank/third party and is not intended to create any rights or obligations. The use of this information is subject to the terms and conditions governing such products, services and offers as referred herein above and specified by ICICI Bank/third party from time to time and applicable laws .The information contained / data generated herein may be subject to change, updation, revision, verification and amendment without notice and such information/data generated may change materially. User cannot distribute, modify, transmit, reuse, report, or use the contents available for public or commercial purposes, including the text without ICICI Bank's written permission. The information and/ or intellectual property contained herein is strictly confidential, meant solely for the selected recipient, and may not be altered in any way, nor transmitted copied or distributed in part or in whole to any other person or to the media, or reproduced in any form without prior written consent of ICICI Bank or the relevant owner of the intellectual property as the case may be. "ICICI Bank" and "I-man" logos are the trademark and property of ICICI Bank Limited.

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