Calculate your ICICI Bank Recurring Deposit returns instantly. Enter your monthly deposit amount, interest rate, and tenure to see how much your ICICI RD will grow with compound interest.
An ICICI RD (Recurring Deposit) calculator is a free online financial tool that helps you estimate the maturity amount and total interest earned on your ICICI Bank Recurring Deposit. It allows you to plan your monthly savings by showing you exactly how much your money will grow over a specific period at ICICI Bank's current interest rates.
ICICI Bank offers both regular RD and the unique iWish flexible RD product. The ICICI RD calculator simplifies the complex calculations involved in determining the maturity amount, helping you make informed decisions about your recurring investments.
How Does the ICICI RD Calculator Help?
The ICICI RD calculator uses a compound interest formula to compute the maturity amount based on the variables you enter. It takes three key inputs:
Monthly Deposit (P) — The fixed amount you deposit every month
Interest Rate (r) — The annual interest rate offered by ICICI Bank (currently 7.00% for regular citizens)
Tenure (t) — The duration for which you want to save (1 to 10 years)
The calculator instantly processes these inputs and displays the total investment, interest earned, and maturity amount along with a visual breakdown through a donut chart.
About ICICI Bank Recurring Deposit
ICICI Bank is one of India's leading private sector banks and offers versatile Recurring Deposit options including the innovative iWish flexible RD. Here is a quick snapshot of ICICI RD features:
Feature
Details
Minimum Deposit
₹500 per month (Regular RD); ₹100 (iWish RD)
Maximum Deposit
No upper limit
Tenure Range
6 months to 10 years
Interest Rate (Regular)
7.00% p.a.
Sr. Citizen Benefit
Additional 0.50% on select tenures
Compounding
Quarterly
Loan Facility
Available (up to 90% of deposit)
Nomination
Available
TDS
Applicable if interest exceeds ₹40,000 (₹50,000 for senior citizens) per year
ICICI Bank's iWish flexible RD is a unique goal-based savings product that allows you to save towards specific goals. Unlike regular RDs, iWish lets you deposit varying amounts at flexible intervals while still earning competitive interest rates. You can create multiple iWish RDs for different goals like vacation, gadgets, or education.
Regular ICICI RD accounts can be opened at any branch or through ICICI Internet Banking and iMobile app. The standing instruction facility ensures your monthly installment is deducted automatically from your ICICI savings account.
How to Use the ICICI RD Calculator
Using the ICICI RD calculator is simple and takes just a few seconds:
Step 1: Enter the monthly investment amount you wish to deposit (₹100 to ₹1,00,000)
Step 2: Enter the annual interest rate (ICICI Bank currently offers 7.00% for regular citizens)
Step 3: Select the tenure (investment period) from 1 to 10 years
The calculator will instantly display your total investment, interest earned, and maturity amount along with a visual chart showing the breakdown of your deposits vs. returns.
Benefits of ICICI Recurring Deposit
iWish Flexible RD: Unique goal-based savings product that allows flexible deposit amounts and intervals
Competitive Interest Rates: ICICI Bank offers attractive RD rates of 7.00% p.a. for regular citizens
Online Booking: Open and manage your RD entirely online through Internet Banking or iMobile app
DICGC Insurance: Deposits are insured up to ₹5 lakh by DICGC, a subsidiary of RBI
Auto-Debit Facility: Monthly installments are automatically deducted via standing instruction
Loan Against RD: Avail a loan of up to 90% of the deposit amount without breaking the RD
Multiple Goals: Create separate iWish RDs for different savings goals
Why Choose ICICI Bank for Recurring Deposit?
ICICI Bank is one of India's most innovative private sector banks with cutting-edge digital banking solutions. Here are key reasons to choose ICICI Bank for your RD:
Innovation Leader: ICICI Bank's iWish flexible RD is one of the most innovative savings products in India
Strong Digital Platform: iMobile app and Internet Banking provide seamless online RD management
Wide Network: Over 5,900 branches and 16,600+ ATMs across India
Competitive Rates: Attractive interest rates of 7.00% p.a. with additional benefits for senior citizens
Trusted Brand: One of India's most trusted banking brands with decades of reliable service
Book FDs up to 8.30% on Y1 Money — Y1 Money partners with RBI-regulated banks to offer high-interest fixed deposits. Book an FD in under 2 minutes, no new bank account needed. All deposits insured up to ₹5 lakh by DICGC.
Frequently Asked Questions
ICICI Bank currently offers 7.00% per annum on Recurring Deposits for regular citizens. Senior citizens may get an additional 0.50% on select tenures. The interest is compounded quarterly. Rates may vary based on tenure and are subject to change.
iWish is ICICI Bank's innovative flexible Recurring Deposit product that allows you to save towards specific goals. Unlike regular RDs, iWish lets you deposit varying amounts at flexible intervals. You can start with as low as ₹100 and create multiple iWish RDs for different goals like vacation, education, or gadgets.
Yes, you can open both regular RD and iWish flexible RD online through ICICI Internet Banking or the iMobile app. You can also set up standing instructions for automatic monthly deductions from your ICICI savings account.
For a regular ICICI RD, the minimum monthly installment is ₹500. For the iWish flexible RD, you can start with as low as ₹100. There is no upper limit on the deposit amount.
Yes, premature withdrawal of ICICI RD is allowed. A penalty of 1% is typically deducted from the applicable interest rate. For iWish RD, you can withdraw the accumulated amount at any time. The interest rate applied on premature closure is the rate for the period held, minus the penalty.
Yes, TDS at 10% is deducted if the total interest earned on all your deposits (FD + RD) with ICICI Bank exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
Trusted by investors across India
Download Y1 Money to start investing in high-return FDs
