ICICI Recurring Deposit Calculator

The ICICI Bank Recurring Deposit Calculator is a simple and efficient tool that helps you estimate the maturity amount and interest earnings on your recurring deposits. By entering your monthly investment, tenure, and interest rate, you can instantly know how much your savings will grow, making financial planning easier and more accurate.

Benefits of ICICI Bank Recurring Deposit Calculator

• Instant Results - Get quick and accurate calculations of your maturity amount and interest earned by simply entering your monthly deposit, tenure, and applicable interest rate.
• Easy-to-Use Design – The calculator features a straightforward and intuitive layout, making it accessible for all users. Even first-time users can easily navigate and compute results without needing financial expertise.
• Time-Saving - No need for manual calculations. The Recurring Deposit calculator provides instant results, saving you significant time and effort.
• Accurate Planning - With a clear view of how your savings will grow over time, you can plan your short-term and long-term financial goals more effectively.
• Easy Comparison - You can compare different Recurring Deposit tenures, deposit amounts, and interest rates to see which combination offers the best returns.
• Free to Use - The Wishfin ICICI Recurring Deposit Calculator is available online and completely free. It’s completely free to use and can be accessed unlimited times as per your requirement.
• Helps in Goal-Based Savings - Whether you’re saving for education, travel, or a gadget, the calculator shows how much you need to invest monthly to meet your target.
• Supports Informed Decision-Making - With precise projections, you can make better decisions on tenure and deposit amount, aligning your investments with your income and goals.

Key Features of ICICI Bank Recurring Deposits

• Low Minimum Deposit - Start your investment journey with as little as ₹500 per month. You can increase the monthly deposit in multiples of ₹100.
• Flexible Investment Tenure - Choose a tenure starting from 6 months up to 10 years. The duration can be increased in blocks of 3 months to suit your financial goals.
• Nomination Facility - Assign a nominee to your Recurring Deposit account easily. Just fill out and submit the nomination form at any ICICI Bank branch by the Banking Companies (Nomination Rules), 1985.
• Attractive Interest Rates - Enjoy competitive interest rates, comparable to those offered on Fixed Deposits, helping your savings grow efficiently.
• TDS Applicability - Tax Deducted at Source (TDS) is applicable on the interest earned, as per prevailing income tax regulations.

How to Maximize Benefits with ICICI Bank Recurring Deposit?

• Earn Maximum Interest - Enjoy attractive interest rates similar to those offered on Fixed Deposits, helping your money grow steadily.
  
• Flexible Tenure Options - Choose a deposit duration that suits your goals, anywhere between 6 months and 10 years.
  
• Goal-Based Savings with iWish - Save for specific goals without the stress—iWish lets you skip contributions without any penalties.
  
• Access During Emergencies - Your Recurring Deposit offers liquidity when needed, making it a reliable backup during financial emergencies.
  
• Quick and Hassle-Free Setup - Open your Recurring Deposit easily through iMobile Pay, Internet Banking, or by visiting your nearest branch.

How to Use Wishfin ICICI Bank Recurring Deposit Calculator?

Using the Wishfin ICICI Bank Recurring Deposit Calculator is quick and hassle-free. Just follow these simple steps:

1. Enter the Monthly Investment Amount - Specify the fixed amount you plan to deposit every month. This can be as low as ₹500 and must be in multiples of ₹100.
   
2. Choose the Investment Tenure - Select the duration of your Recurring Deposit. ICICI Bank allows tenures ranging from 6 months to 10 years, in multiples of 3 months.
   
3. Input the Interest Rate - Provide the applicable annual interest rate based on your chosen tenure. You can also input the senior citizen rate if applicable.
   
4. Click to Calculate - The calculator will instantly show:
   
   • Total Invested Amount (sum of your monthly deposits)
   • Estimated Interest Earned
   • Total Maturity Amount (principal + interest)

This tool helps you make informed decisions by projecting accurate returns, allowing you to plan your savings effectively.

Formula for Calculating ICICI Bank Recurring Deposit

Recurring Deposit Maturity Formula (Quarterly Compounding):
M = R × [(1 + i)^n – 1] / [1 – (1 + i)^(-1/3)]

Where:

• M = Maturity Value
• R = Monthly deposit (instalment)
• n = Total number of quarters (Tenure in months ÷ 3)

i = Quarterly interest rate (Annual Interest Rate ÷ 400)

ICICI Bank Recurring Deposit Interest Rates 2025

Here are some ICICI Bank Recurring Deposit interest rates for 2025. If you are willing to make a recurring deposit in ICICI Bank, make sure to go through this table -

(Effective from April 17, 2025)

Key Notes:

• Recurring Deposits are available for a minimum tenure of 6 months and a maximum of 10 years.
• Interest rates may be revised at any time without prior intimation. Please confirm the applicable rate on the date of your deposit.
• For detailed terms and conditions, kindly visit the nearest ICICI Bank branch or check the official website.

Conclusion

A Recurring Deposit with ICICI Bank offers a smart, disciplined way to grow your savings while enjoying the safety and stability of a trusted bank. Whether you're saving for a short-term need or a long-term goal, tools like the Wishfin ICICI Bank Recurring Deposit Calculator make it easier to stay on track. With flexible tenures, attractive interest rates, and a user-friendly platform, planning your financial future becomes simpler and more achievable. Begin your Recurring Deposit today and watch your savings grow steadily toward achieving your financial goals.