ICICI Bank RD Calculator

ICICI Bank Recurring Deposits Explained

ICICI Bank offers recurring deposits from six months to ten years, opened through iMobile Pay, Internet Banking or a branch. What sets its range apart is iWish, a flexible deposit that drops the fixed-instalment requirement defining a conventional RD and lets you pay in whenever you have the money.

ICICI Bank RD Schemes You Can Open

ICICI splits its recurring range into a conventional product and a flexible one, and the difference is worth understanding before you open either:

• •ICICI Recurring Deposit — The conventional product: a fixed instalment on a fixed date, with tenures from six months upward and a penalty for each month missed.
• •iWish Flexible Recurring Deposit — A goal-based deposit with no penalty for a missed instalment and no fixed amount — you contribute as and when you can, against a named savings goal you can share with family.
• •Senior Citizen Recurring Deposit — The conventional structure with the additional rate benefit ICICI extends to resident depositors aged 60 and above.

Missed Instalments and Early Closure at ICICI Bank

On the conventional RD, a missed instalment carries a penalty for each month of delay, and repeated defaults can lead the bank to close the account early and settle on the instalments actually received. iWish removes that penalty entirely, which is the trade it makes against a different rate treatment. Premature closure on either product is settled at the rate applicable to the period the money actually stayed, less the applicable penalty.

How to Check ICICI Bank RD Interest Rates

RD rates change with RBI policy and each bank's own treasury decisions, so no figure is quoted on this page. Take the rate applicable to your tenure from iMobile Pay app, ICICI Internet Banking, or branch, then enter it above alongside your monthly instalment to see the exact maturity value.

What Is Specific to an ICICI Bank RD

• •iWish is the specific reason to look at ICICI: irregular income is the usual cause of a broken RD, and this product removes the penalty for exactly that.
• •The conventional RD and iWish are quoted separately, so compare both rather than assuming the flexible option costs you nothing.
• •Tenures start at six months, matching the private-bank norm rather than the twelve-month public sector floor.
• •Both products open and close inside iMobile Pay, and an iWish goal can be shared so family members contribute to the same target.

This calculator models the conventional fixed-instalment structure. Enter the rate ICICI quotes for your tenure to see the maturity value and the year-by-year interest build-up.

To compare this against another lender, or against a lump-sum deposit, use the master RD calculator or the fixed deposit calculator.