What are the steps to use ICICI Bank FD Calculator?

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Here are the steps to use the ICICI Bank FD Calculator

Here are the steps to use the ICICI Bank FD Calculator:

  1. Visit the ICICI Bank FD Calculator Page:
    • Go to the ICICI Bank official website and navigate to the FD calculator, or search for "ICICI Bank FD Calculator" on a search engine.
  2. Enter Deposit Details:
    • Principal Amount: Input the amount you plan to deposit (e.g., ₹1,00,000).
    • Interest Rate: Enter the FD interest rate offered by ICICI Bank (e.g., 6.50%).
    • Tenure: Specify the duration of the FD (e.g., 1 year, 2 years).
  3. Choose Compounding Frequency:
    • Select the compounding frequency (e.g., Quarterly, Monthly, Annually) as per your FD type.
  4. Click Calculate:
    • Press the “Calculate” button to generate the results.
  5. Review Results:
    • The calculator will display the interest earned, maturity amount, and sometimes a detailed breakdown of the interest earned over time.

Using these steps will help you quickly estimate your FD returns and maturity amount.

 

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