Calculate ICICI Bank FD maturity and post-tax returns. Compare FD Rates & Returns
No deductions applicable. 7 slabs from Nil (up to Rs. 4L) to 30% (above Rs. 24L).
Maturity amount
₹6,15,720
after 3 years
Post-tax maturity
₹5,98,362
Total interest earned
₹1,15,720
Effective yield post-tax
6.17%
p.a.
Tax on interest
₹17,358
₹5,00,000 (81.2%)
₹98,362 (16.0%)
₹17,358 (2.8%)
Is your FD working as hard as it should?
Get your wealth check-up todayDisclaimer: This calculator assumes quarterly compounding (standard for Indian bank FDs). Post Office FDs compound annually; some NBFCs compound monthly. Tax is applied on total interest at maturity. In practice, TDS on FD interest is deducted annually (10% with PAN, 20% without). Senior citizen rates (additional 0.25-0.50%) are not differentiated. Non-cumulative FDs with periodic payouts are not modelled.
Drag the slider or type the lump sum you plan to deposit. Range is Rs. 10,000 to Rs. 10 crore.
Use the rate offered by your bank on its latest FD (Fixed Deposit) rate card. The calculator supports 3% to 9.5%.
Pick anywhere from 3 months to 10 years. If you need liquidity soon, Then keep tenure short to avoid premature withdrawal penalties.
Pick "New regime" if you do not claim deductions like 80C, HRA (House Rent Allowance), or home loan interest. Pick "Old regime" if you do.
Choose the slab that matches your annual taxable income (Nil, 5%, 10%, 15%, 20%, 25%, or 30%). This drives the TDS (Tax Deducted at Source) and post-tax yield calculation.
Check Maturity amount, Post-tax maturity, Total interest earned, Effective yield post-tax, and Tax on interest. The donut chart breaks down Principal vs Net interest vs Tax so you can see the real return after tax drag.
A fixed deposit (FD) is a financial product where you place a lumpsum with a bank for a fixed tenure at a predetermined interest rate. At the end of the tenure, you receive your principal plus the accumulated interest. Unlike a savings account, an FD locks your money for a chosen period, anywhere from 7 days to 10 years, in return for a higher, guaranteed interest rate. The rate is fixed at booking and does not change for the life of the FD, even if market rates move.
ICICI FDs are popular for three reasons:
The HDFC FD Calculator computes your fixed deposit returns using the following formula:
A = P × (1 + r/n)^(n × t)
Where
A = 5,00,000 × (1.015625)^12 ≈ ₹5,98,600
Pre-tax interest: ₹98,600
Post-tax at 20% slab (New Regime): Tax: ₹98,600 × 20% = ₹19,720 Post-tax maturity: ₹5,78,880 Effective yield: 5.10% p.a.
ICICI's positioning: Mid-market rates (tied with Axis on 3Y at 6.25%, lagging SBI at 6.60%). Strong digital experience compensates for neutral rate positioning.
Current as of May 2026. Verified against ICICI Bank's official rate sheet at icicibank.com.
| Tenure | Regular Rate | Senior Citizen Rate | Premium |
| 7-14 days | 3.00% | 3.50% | +0.50% |
| 15-29 days | 3.00% | 3.50% | +0.50% |
| 30-45 days | 3.50% | 4.00% | +0.50% |
| 46-60 days | 4.25% | 4.75% | +0.50% |
| 61-87 days | 4.50% | 5.00% | +0.50% |
| 88-180 days | 4.75% | 5.25% | +0.50% |
| 6–9 months | 5.75% | 6.25% | +0.50% |
| 9–12 months | 6.00% | 6.50% | +0.50% |
| 1–2 years | 6.25% | 6.75% | +0.50% |
| 2–3 years | 6.25% | 6.75% | +0.50% |
| 3–5 years | 6.50% | 7.00% | +0.50% |
| 5–10 years | 6.50% | 7.00% | +0.50% |
| 444-Day Special | 6.55% | 7.05% | +0.50% |
Highest Rate: 6.55% (444-day special, general) / 7.05% (444-day, senior)
ICICI's signature product—a 444-day tenure designed to bridge the 1–2Y gap with above-market rates.
| Feature | Details |
| Tenure | Exactly 444 days (~1.22 years) |
| General Rate | 6.55% p.a. |
| Senior Rate | 7.05% p.a. |
| Minimum | ₹10,000 (online), ₹25,000 (branch) |
| Compounding | Quarterly |
| Payout | Cumulative or periodic |
Why 444 days? Sits between 1Y (6.25%) and 2Y (6.25%) at a premium rate (6.55%). Useful for short-medium-term parking of surplus capital.
₹5L @ 6.55% for 444 days: A = 5,00,000 × (1.016375)^(444/365 × 4) ≈ ₹5,37,400 Interest = ₹37,400 (vs ₹31,250 on 1Y @ 6.25%) Extra ₹6,150 interest vs 1-year tenure on same principal..
ICICI's senior premium is +0.50% uniformly across all tenures. Matches Axis/HDFC but lags SBI's 1.00% premium on 5Y+.
| Senior Tenure | Rate | vs Regular |
| 1–2 years | 6.75% | +0.50% |
| 3-5 years | 7.00% | +0.50% |
| 5-10 years | 7.00% | +0.50% |
Senior strategy: ICICI is competitive on 3Y+ (7.00% matches Axis/HDFC). For 1–2Y, Canara (7.35%) and SBI (7.30%) are better.
| NRE FD Tenure | Interest Rate (p.a.) |
| 1–2 years | 6.00% |
| 2–3 years | 6.00% |
| 3-5 years | 6.00% |
| 5–10 years | 6.00% |
Key: NRE interest is 100% tax-free in India + fully repatriable. Rates are 0.25–0.50% lower than domestic.
ICICI's variant allowing partial withdrawal without breakage.
| Feature | Details |
| Lock-in | 1 year minimum |
| Withdrawal | Up to 75% after 1 year |
| Interest | Recalculated based on withdrawal |
| Use Case | Emergency liquidity + growth |
Example: ₹5L @ 6.25% for 2Y. After 1 year, withdraw ₹1L (emergency). Remaining ₹4L earns interest for remaining 1 year. No penalty, just rate recalculation.
ICICI Bank revises rates in response to RBI monetary policy and competitive peer moves. Last revision: February 2026 when ICICI raised 3Y+ rates by 25 bps (now 6.50%).
Currently, ICICI's positioning is competitive but not leading: tied with Axis on 1–3Y, behind SBI on 1Y.
Verify live rates: icicibank.com/personal/deposits/fixed-deposit
Avoid: Highest-rate seekers (better options at SBI/Canara on most tenures).
Why 444-day special? On a 1-year horizon, you'd earn ₹31,250 @ 6.25%. By extending to 444 days @ 6.55%, you earn ₹37,400—₹6,150 extra interest for ~120 additional days. Post-tax, you pocket ~₹4,300 extra (20% tax impact).
| Approach | How It Works | Best For | Post-Tax Return |
| ICICI FD (1–2Y) | Lumpsum locked at 6.25%, quarterly CPD | Capital safety, 1–3 year goals | 5.0% (20% slab) |
| SBI FD (1Y) | Lumpsum locked at 6.80%, quarterly | Higher headline rate, bank ecosystem | 5.44% (20% slab) |
| Debt Mutual Fund | Diversified bond portfolio, managed by AMC | Tax-efficient (long-term), no lock-in | 5.2–6.2% (20%) |
| Liquid Mutual Fund | Overnight/money market, high liquidity | Emergency fund, short-term parking | 6.0–6.5% (20%) |
| Post Office FD (5Y) | Annual compounding, govt-backed | Seniors, rural access, tax saver | 5.36% (20% slab) |
| Bank | 1 Year | 2-3 Years | 5 Years | Senior 5Y+ |
| ICICI | 6.25% | 6.25% | 6.50% | 6.55% (444-day) |
| SBI | 6.80% | 6.60% | 6.50% | 7.50% |
| Canara Bank | 6.85% | 6.40% | 6.00% | 6.75% |
| Axis | 6.25% | 6.45% | 6.45% | 7.20% |
| HDFC Bank | 6.25% | 6.50% | 6.25% | 7.00% |
ICICI's Niche: 444-day special = highest rate on that tenure. Best for short-medium-term parking (14 months) with above-1Y rates.
Canara Bank is a public sector bank (PSU, majority government-owned) with a 150-year history. One of India's "Big 4" public sector banks alongside SBI, PNB, and Bank of Baroda.
| Attribute | Value |
| Bank Name | ICICI Bank Limited |
| Founded | 1994 (as Housing Development Finance Corp.) |
| Headquarters | Mumbai |
| Type/Status | Private Sector Bank, G-SIB status |
| MD & CEO | Sandeep Bakhshi (since 2018) |
| Branches | 6,000+ (strong metro presence) |
| ATMs | 17,000+ |
| Customers | 5+ crore |
| Market Cap | ~₹6 trillion |
| DICGC Cover | ₹5 lakh per depositor |
| Website | icicibank.com |
| Rate Source | icicibank.com/personal/deposits/fixed-deposit |
D-SIB Status: (Global Systemically Important Bank) is a designation given by international regulators to the world's largest and most interconnected financial institutions.
| Product | Description |
| Regular FD | 7 days–10 years, ₹10,000 minimum |
| ICICI iMobile FD | Digital-only, instant opening, ₹10K min |
| ICICI 444-Day Special | 6.55% general / 7.05% senior |
| ICICI Flexi FD | Partial withdrawal allowed (up to 75%) |
| ICICI Tax Saver FD | 5-year, Section 80C eligible, ₹10K min |
| NRE / NRO FD | Non-resident deposits |
| Senior Citizen FD | Dedicated senior rates (60+) |
| ICICI Sweep FD | Auto-sweep savings to FD |
Tenure 7 days to 10 years. Cumulative or periodic payout. Minimum ₹10,000. Premature withdrawal: 1% penalty below rate (except last 7 days).
100% digital via iMobile app. e-KYC. Minimum ₹10,000. Instant opening (2 minutes). Maturity auto-credited. Best for app-first users.
Signature product: 444-day tenure @ 6.55% general / 7.05% senior. Minimum ₹10K online, ₹25K branch. Fills gap between 1Y and 2Y with premium rate. Quarterly compounding.
Partial withdrawal up to 75% allowed after 1-year lock-in. Interest recalculated based on actual holding period. No full breakage penalty—just rate adjustment. Useful for uncertain tenure needs.
₹1.5L deduction annually under Section 80C (Old Regime). 5-year lock-in. Current rate: 6.50% general / 7.00% senior. Minimum ₹10,000.
Explore our suite of intuitive calculators designed to help you streamline your financial planning and maximize your tax efficiencies:
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Novelty Wealth does not just calculate FD maturity, it helps you decide whether an FD is the right destination for your money. Connect your existing portfolio and let NovaAI score every option against your goals, tax slab, and risk profile.
Get Your NovaAI ScoreAs of May 2026, ICICI rates range from 3.00% to 6.55% (444-day special). Senior citizens earn +0.50% premium, reaching 7.05% on 444-day special. Verify at icicibank.com.
Yes. ICICI is a D-SIB (Domestic Systemically Important Bank) + ₹5L DICGC insurance. Largest private sector banks are safest in India.
A signature 444-day tenure @ 6.55% general / 7.05% senior. Best for short-to-medium parking (1.2 years). If you need funds after 1 year, it beats 1Y FD (6.25%) by 30 bps. Quarterly compounding.
SBI (6.80%) beats ICICI (6.25%) by 55 bps on 1Y. Post-tax difference: ~30 bps. Choose ICICI only if: (a) You want 444-day special, or (b) You're an existing ICICI customer. Otherwise, SBI is better.
Yes, except 5-year Tax Saver FD. Premature withdrawal: 1% penalty below rate. ICICI Flexi FD allows 75% withdrawal after 1 year without full breakage.
₹10,000 (online/branch regular), ₹10K–₹25K (444-day special), ₹10,000 (Tax Saver).
Yes, +0.50% uniformly. Maximum 7.05% on 444-day special (ties with Axis's 15-month special at 7.10%). Not as generous as SBI (+1.00% on 5Y+).
At 20% slab: 6.55% × 0.80 = 5.24% post-tax (ICICI) vs debt fund 6% pre-tax with 20% LTCG = 4.80% post-tax. ICICI wins slightly. At 30% slab: Debt fund wins.
If you might need 50–75% of your funds within 2–3 years (emergency, opportunity fund), yes. Otherwise, regular FD is simpler. Flexi allows up to 75% withdrawal after 1-year lock-in without full breakage penalty.
Yes. 6.00% across all tenures (0.25% lower than domestic but 100% tax-free). Fully repatriable.
For short-term (1–2Y): Use 444-day special (6.55%) vs SBI 1Y (6.80%). For 3Y+: SBI (6.60%) or Axis (6.45%) are better. For digital-first users: ICICI iMobile fastest account opening.