ICICI Bank ₹5 Lakh FD 2026 — Interest & Maturity at 7%
A ₹5 Lakh fixed deposit in ICICI Bank at 7% p.a. for 5 years (quarterly compounding) matures to approximately ₹7.07 L. The total interest earned is ₹2.07 L, or about ₹3,456/month if you choose the payout option. Senior citizens earn 7.5%, yielding ₹7.25 L on the same deposit.
Last updated: 24 May 2026, 10:00 AM IST
Maturity Amount
₹7.07 L
at 7% for 5 years (quarterly compounding) at ICICI Bank
ICICI Bank — FD Details
Regular Rate
7% p.a.
Senior Citizen Rate
7.5% p.a.
TDS on FD Interest
TDS deducted at 10% when interest exceeds ₹40,000/year (₹50,000 for seniors). Auto-calculated across all FDs held with ICICI. Form 15G/15H submission via iMobile app.
Premature Withdrawal
Allowed anytime after 7 days. Penalty: 0.50–1.00% below applicable rate. iWish flexible FDs can be partially withdrawn without penalty.
Minimum Deposit
₹10,000 (regular), ₹10,000 (tax-saver)
Data Sources
- RBI — Master Direction on Interest Rates (2026) — www.rbi.org.in
- Bank Websites — Latest FD Rates (May 2026) — www.rbi.org.in
- Income Tax Act — TDS on FD Interest (2025) — incometaxindia.gov.in
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Important: This calculator provides estimates based on the inputs and assumptions you provide. Results are mathematical projections, not financial advice or recommendations. Actual outcomes will vary based on market conditions, policy changes, individual circumstances, and factors not captured by this tool. Verify all figures independently and consult qualified professionals before making financial decisions.
ICICI Bank FD — Rates, TDS & Withdrawal Rules
A young professional building an emergency fund in Hyderabad deposits ₹5 Lakh in ICICI Bank at 7% for 5 years. With quarterly compounding, the deposit matures to ₹7.07 L, earning ₹2.07 L in interest. A senior citizen would earn ₹2.25 L at the preferential rate of 7.5%. ICICI Bank charges a 1% penalty for premature withdrawal. TDS deducted at 10% when interest exceeds ₹40,000/year (₹50,000 for seniors). Auto-calculated across all FDs held with ICICI. Form 15G/15H submission via iMobile app. The non-cumulative (monthly payout) option gives about ₹3,456/month, useful for retirees needing regular income. For higher returns, consider laddering: split the ₹5 Lakh across 1-year, 2-year, and 5-year FDs for better liquidity while capturing different rate slabs.
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Ganesh Kompella is NISM Series XIX-C certified — the certification for Alternative Investment Fund managers — and a Partner at Tykhe Ventures, a SEBI-registered Category II AIF (~$20 M AUM). He's a self-taught engineer who built RupayWise and its 230+-test calculation engine because India's finance tools were built to sell products, not to help you decide. RupayWise is an educational platform — not a SEBI-registered Investment Adviser.
Frequently Asked Questions
What is the maturity of ₹5 Lakh FD in ICICI Bank?
At 7% for 5 years with quarterly compounding, ₹5 Lakh matures to ₹7.07 L. Senior citizens at 7.5% get ₹7.25 L.
How much monthly interest on ₹5 Lakh FD from ICICI Bank?
The monthly interest payout on a ₹5 Lakh FD at 7% is approximately ₹3,456.
Is TDS applicable on ₹5 Lakh FD at ICICI Bank?
TDS deducted at 10% when interest exceeds ₹40,000/year (₹50,000 for seniors). Auto-calculated across all FDs held with ICICI. Form 15G/15H submission via iMobile app.
Can I break my ICICI Bank FD early?
Allowed anytime after 7 days. Penalty: 0.50–1.00% below applicable rate. iWish flexible FDs can be partially withdrawn without penalty.
Is ICICI Bank FD safe?
ICICI Bank FDs are covered by DICGC insurance up to ₹5 Lakh per depositor per bank. For deposits above ₹5 Lakh, consider splitting across multiple banks.
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Disclaimer: This calculator provides estimates based on the interest rates and tenure shown. Actual maturity may vary based on the bank's specific compounding method and any rate revisions during the tenure. Bank rates are sourced from public data and may not reflect the latest changes — always confirm with your bank before investing. TDS is deducted at source if applicable. This is not financial advice. RupayWise is not a deposit broker or financial advisor.