A massive ICICI Bank fixed deposit opportunity to make money has just opened up. In case you have money to invest, just know that the highest ICICI FD interest rate is now available and all that you need to do is to visit an ICICI Bank branch near you or go online and start an ICICI FD. Apart from that, all you need to do is sit back and watch the money grow within months and see it coming back to you nicely fattened up into a big amount. The ICICI FD calculator will indicate exactly what kind of assumptions are taken for the investor and the amount that the FD holder will earn and within which period.
The assumption to work with is that the investor has invested Rs 400000 to get the maximum benefit from the highest ICICI FD interest rate of 7.20% currently available. When the ICICI FD calculator does the number crunching exercise, it reveals the big amount the FD holder will have earned as his profit.
Notably, one of the biggest money lessons to be drawn is not to leave your money lying around idle. It should also not be left in any savings bank account as the interest available is just around 3%. At that rate, your money is being eaten by inflation and it no longer carries the same value. After all, if you just check the price of milk, it keeps going up by a rupee or two every year. And that means your money no longer is able to buy the same amount of milk. Its value has depreciated. That is inflation for you and it applies across all the things that you consume or use. Inflation in India for fiscal 2024 stands at 5.4%.
Coming back to ICICI FD interest rate and the money it can generate for you, then know the amount you get back and the interest you earned.
Check ICICI Bank FD table below:
Top Points
ICICI FD interest rate details
How to Invest
Visit an ICICI Bank branch or go online to start an ICICI FD.
Interest Rate
Highest ICICI FD interest rate currently at 7.20%.
Investment Amount
Rs 400,000
FD Calculator
Calculates earnings for investors.
Earnings Projection
On a Rs 400,000 FD at 7.20%, the total amount received is Rs 437,494.
Interest Earned
Interest earned is Rs 37,494 over a 15-month and 1-day tenure.
Conclusion
Investing in ICICI FD yields substantial returns; maturity date is October 14, 2025.
On an ICICI FD of Rs 400000, the investor will get back Rs 437494. The interest rate earned on this ICICI Bank FD with a tenure of 15 months plus 1 day is Rs 37,494. Not bad for just a few moments of work in opening the FD initially. So, if you start today, you will get the money on October 14, 2025.
The highest ICICI FD interest rate of 7.20% has been announced and it opens up the possibility of making over Rs 37000 in months. Check what ICICI FD calculator shows. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
