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# ICICI Bank FD Calculator

Last Updated 22nd Mar 2017

## FD Calculator ICICI in India Mar 2017

Tenure General Rates Senior Citizen Rates
7 days to 14 days 4.00% 4.50%
15 days to 29 days 4.25% 4.75%
30 days to 45 days 5.50% 6.00%
46 days to 60 days 5.75% 6.25%
61 days to 289 days 6.25% 6.75%
290 days to 364 days 6.50% 7.00%
1 year to 389 days 6.90% 7.40%
390 days to 2 years 7.00% 7.50%
2 years 1 day to 5 years 6.75% 7.25%
5 years 1 day to 10 years 6.50% 7.00%
ICICI Bank FD Maturity Calculator
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### ICICI Bank Fixed Deposit Calculator

ICICI Bank, a leading Private Bank in India offers attractive interest rates upto 7.00% on its fixed deposits.
FD maturity amount that you will get depends upon

• Deposit amount
• Rate of interest
• FD tenure
• Compounding frequency
• TDS applicability and TDS rate

### ICICI Bank Fixed Deposit Interest Calculator

• In a periodic interest payout option, ICICI Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
• In case you opt for a ICICI Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
• Calculate the FD maturity amount using the FD calculator.

## Tax on Fixed Deposit ICICI

• In case the interest earned by you across all your fixed deposits across all branches of ICICI Bank in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the ICICI Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your FD.
• Sorry, but we aren’t done with tax yet. This was only the TDS. Now, you would need to add the interest income on all your ICICI Bank FD’s and other FD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. Remember that you must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
• ICICI Bank will also issue you a Form 16A giving details of tax deducted on FD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

### ICICI Bank FD interest rate calculator – Check your city

• To know more or apply, contact any of the branches of ICICI Bank in your city

### Frequently Asked Questions on FD Calculator ICICI Bank

#### What is the highest interest earned on ICICI Bank fixed deposit?

You can earn a maximum interest of 7.00% on ICICI Bank fixed deposit.

#### Are there any extra benefits for senior citizens on fixed deposit of ICICI Bank?

Yes, senior citizens get extra benefit of 0.5% interest rates on their FD in ICICI Bank.