ICICI FD Calculator — ICICI Bank Fixed Deposit — FY 2026-27

ICICI FD rates by tenure (FY 2026-27, verify at icicibank.com): 7-30 days: 3.00-4.50%; 1-2 years: 6.70%; 2-3 years: 7.00%; 3-5 years: 7.00%; 5-10 years: 6.90%. Senior citizens get +0.5% uniformly. ICICI regularly offers 18-month special FDs at ~7.25%.

Yes — the "Regular FD with monthly interest" option pays interest monthly (non-cumulative). The yield is slightly lower than a cumulative FD because interest doesn't compound. Useful for retirees who need monthly cash flow. Choose between cumulative (reinvestment) and regular (payout) at account opening.

ICICI Money Multiplier is a sweep-out FD linked to savings account. Balances above ₹10,000 auto-convert to a 1-year FD at the prevailing rate. Breaks back at single-unit level when you spend. Combines FD yield with savings-account liquidity. Auto-renews on maturity if not broken.

Fully taxable at slab rate under "Income from Other Sources". TDS @ 10% (with PAN) deducted if annual interest across all ICICI branches exceeds ₹40K (₹50K for seniors). Form 15G/15H can be submitted annually to avoid TDS if total income is below basic exemption.

Yes — ICICI Bank is a scheduled commercial bank and DICGC-insured up to ₹5 L per depositor per bank (including savings + FD + RD + current combined). For amounts above ₹5 L, historical default risk at ICICI is effectively zero. For very large deposits (₹25 L+), consider splitting across banks for insurance diversification.