Is there a Premature withdrawal facility available with ICICI?

Yes, a premature withdrawal facility for ICICI Bank FDs is available. However, one has to pay the penalty to avail the same. The penalty is in the form of interest. For ICICI the penalty is 0.5%-1%. This means the investors will earn 0.5%-1% less on their FD interest rate if their FDs are prematurely withdrawn.

What is the minimum deposit of ICICI FD?

The minimum amount required to open an FD with ICICI Bank is Rs. 10,000. In case of minors, the minimum amount is Rs. 2,000.

Does ICICI provide Loan against FD?

Yes, ICICI Bank provides a loan against FD accounts. Investors can take a loan up to 90% of the FD amount. The interest rate on the loan is 1-2% above the ICICI FD Interest Rate, and the bank uses a fixed deposit as collateral for the loan. Also, the loan tenure is limited to the tenure of the FD. One cannot take a loan against tax-saving FDs.

Does ICICI provide taxx saving Fixed Deposit?

Yes. ICICI Bank offers Tax Saving Fixed Deposits. This scheme helps investors avail tax benefits under Section 80C of the Income Tax Act, 1961. The minimum investment amount for this scheme is Rs. 10,000. You have an auto-renewal facility as well as nomination facility on Tax Saving Fixed Deposits.

What are the different types of investment plans offered by ICICI FDs?

ICICI Bank offers two types of investment plans: Traditional: Under the traditional plan, the interest payable to you is monthly or quarterly. You can choose either option as per your convenience. The maturity period on this plan ranges from 7 days to 10 years. Reinvestment: In the reinvestment plan, the interest is compounded quarterly and reinvested. The maturity period ranges from 6 months to 10 years.

ICICI FD Calculator

Forecast interest earnings from your Fixed Deposit (FD) investments using ICICI FD Calculator.

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Understanding ICICI FD Calculator

ICICI Fixed Deposit (FD)

ICICI Bank FD Calculator?

How Does the ICICI FD Calculator Work?

What is the penalty charge for withdrawing an ICICI FD before its maturity?

Benefits of An Online ICICI Bank FD Calculator

ICICI Fixed Deposit (FD)

In India, a retirement savings plan known as the Employees' Provident Fund (EPF) is managed by the Employees' Provident Fund Organization (EPFO). Since the program is needed for all qualified workers in the organized sector, businesses must register with the EPFO and make contributions to the EPF on behalf of their staff members.

ICICI Bank FD Calculator?

ICICI Bank offers fixed deposit rates ranging from 3% to a maximum of 7% for general citizens on investments below ₹2 crore. Senior citizens enjoy an additional 0.50% interest. The interest rates vary based on the chosen tenure, with higher tenures attracting higher rates.

Manual calculations of interest and maturity amounts can be cumbersome. To simplify this process, consider using an online FD calculator. The ICICI FD calculator facilitates easy interest calculations, providing quick results. By entering the estimated investment amount, interest rate, and tenure, you can efficiently determine the maturity amount, aiding informed investment decisions.

How Does the ICICI FD Calculator Work?

Using the ICICI fixed deposit calculator to determine the accurate interest amount is a simple process:

Adjust the purple dot or manually enter your estimated investment amount under the 'Total Investment' tab.

Specify the investment tenure in the 'Number of years' box.

Input the applicable interest rate in the 'Interest Rate' box.

Instantly view the 'Estimated Return' and 'Total Value' on the right side of the page.

This tool ensures a swift and error-free computation of FD interest, requiring correct

What is the penalty charge for withdrawing an ICICI FD before its maturity?

FD holders may incur penalty charges based on the duration of the deposit with the financial institution. If held for less than a year, a penalty of 0.50% applies. For holding periods ranging from 1 to 5 years, the penalty is 1%. Investments exceeding Rs. 5 Crore will face a higher penalty rate of 1.5%. These penalty charges serve as deterrents for premature withdrawals and encourage adherence to the agreed-upon investment tenure.

Benefits of An Online ICICI Bank FD Calculator

The ICICI FD calculator extends beyond quick and easy calculations, offering additional advantages:

Customization: Users can modify interest rates, tenure, and investment amounts to identify an FD scheme aligning with their financial goals

Cost-Free: Being a free tool, users can calculate results without any charges. Moreover, it prioritizes safety by not requiring personal details for displaying results.

Accessibility: Accessible at any time, the tool only requires a stable internet connection and a smart device, ensuring convenience for users seeking financial insights