ICICI Bank FD: If you want to make money, know how much return you will get in which period, see calculation..
ICICI Bank FD Rates 2025: If you're looking to invest your money in a safe and reliable investment option, a bank's fixed deposit (FD) scheme can be an excellent option for everyone. Most people in our country still consider FDs to be the most reliable investment instrument because there's no risk of losing money. FD interest rates are also fixed, allowing investors to know in advance how much they will receive upon maturity. If you're looking for strong returns from an investment of lakhs, you can consider an ICICI FD.
The Specialty of Bank FDs
The biggest advantage of bank FDs is that they carry almost no risk. Whether the market goes up or down, the FD's returns remain fixed. Therefore, for those who avoid volatile investments like the stock market or mutual funds, this is the most reliable option. Additionally, investing in FDs also maintains liquidity, as you can prematurely break your FD if needed, although a small penalty applies.
ICICI Bank FD
Now, speaking of India's leading private bank, ICICI Bank, it offers its customers excellent FD options for various tenures. ICICI Bank FDs can be made for tenures ranging from 7 days to 10 years. The interest rates for each tenure are different, so investors can choose the option based on their needs and goals.
ICICI Bank FD Interest Rates:
Interest rate on 1-year FD: 6.25% per annum
Interest rate on 2-year FD: 6.40% per annum
Interest rate on 3-year FD: 6.60% per annum
Interest rate on 5-year FD: 6.60% per annum
Yes, this bank offers its customers the complete assurance of a safe investment with the benefit of compound interest. This means that interest is added each quarter, and then interest is earned on that in the next quarter. This makes the returns on FDs even more attractive.
ICICI Bank FD Calculation
Now, if you want to know how much return you will get on an FD of Rs 5 lakh with ICICI Bank, let's understand it with some examples.
If you open a 1-year FD of Rs 5 lakh, you will receive Rs 5,31,990 at maturity. This means a profit of Rs 31,990 in just one year.
If you invest for 2 years, you will receive Rs 5,67,701 at maturity, which means a profit of Rs 67,701.
By opening a 3-year FD, your return increases to Rs 6,08,497, which includes a profit of Rs 1,08,497.
Whereas, if you open an FD for 5 years, you will receive ₹6,93,614 upon maturity. This means you will receive a substantial profit of ₹1,93,614. So, it's clear that investing ₹5 lakh for 5 years will yield you a higher return.
Advantages of ICICI Bank FD:
Complete freedom to choose the investment period and amount.
Returns are predetermined and guaranteed.
Facility to open FDs both online and offline.
Additional interest rates are available for senior citizens.
Premature termination (with penalty).
Tax-saving FD options are also available, with a 5-year lock-in period.
If you want a safe investment with good interest, an ICICI Bank FD can be an excellent option, especially for investors seeking stable returns without risk. The bank's reliability and digital convenience make it even more attractive.
In today's times of volatile stock markets, bank FDs are an investment strategy that offers stable and reliable returns. Therefore, if you want to protect your savings and earn assured returns, consider ICICI Bank's FD plan. It not only ensures the safety of your money but also provides financial strength through good long-term returns. (Note: This article is for informational purposes only and should not be construed as investment advice. It's recommended to consult a financial advisor before making any investment decisions.)
Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
