Here are the steps to use the ICICI Bank FD Calculator:
- 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.
- 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).
- Choose Compounding Frequency:
- Select the compounding frequency (e.g., Quarterly, Monthly, Annually) as per your FD type.
- Click Calculate:
- Press the “Calculate” button to generate the results.
- 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.