ICICI Bank
Recurring Deposit Calculator
Highest RD Rate
7.7% p.a.
Best available rate by ICICI across tenures
ICICI Recurring Deposit Calculator
Minimum amount varies by bank (typically ₹100 - ₹500)
Minimum period: 1 month (30 days). RDs are designed for regular monthly savings.
Your Tax Slab Rate
Used to calculate actual tax on RD interest
Select 0% if income below ₹3L
Best Recurring Deposit Rates Comparison 2025
Compare RD interest rates across top banks - General rates for 1 year
Bank
Interest Rate
Maturity
Interest
Compare
Highest Rate
7.40%
Kotak
Max Interest
₹2.5K
Best Return
Rate Spread
1.80%
Difference
Banks Available
11
Compared
ICICI Recurring Deposit Calculator Results
Year-wise breakdown of your monthly investments and returns
ICICI Recurring Deposit Interest Rates
Latest interest rates for different tenures
| Tenure | General Rate | Senior Citizen Rate |
|---|---|---|
| 1 year | 6.9% | 7.4% |
| 2 years | 7% | 7.5% |
| 3 years | 7.1% | 7.6% |
| 5 years | 7.2% | 7.7% |
Important Notes
- Min monthly: ₹500
- Penalty: 1% on premature closure
- TDS applicable if annual interest exceeds ₹40,000
- 15 days grace period for missed installments
Key Benefits
- Disciplined monthly savings habit
- Higher rates than savings accounts
- Auto-debit facility available
- DICGC insurance up to ₹5,00,000
Tax & TDS on ICICI Recurring Deposits
Understanding tax implications and deductions on your RD investments
Section 80C
Tax-saving RDs (5-year lock-in) qualify for deduction up to ₹1.5 lakh under Section 80C
Senior Citizens
Higher TDS exemption limit of ₹50,000 for citizens above 60 years
• Regular RDs don't qualify for Section 80C deduction
• Interest income is fully taxable as per income tax slab
• Form 15G/15H can be submitted to avoid TDS
• NSC and other alternatives also qualify for 80C
TDS Rate
10%
Exemption Limit
₹40,000
TDS Calculation
TDS is deducted at 10% if total interest from all RDs with ICICI exceeds ₹40,000 in a financial year
TDS is calculated on maturity amount
No TDS on monthly installments
Form 26AS shows TDS deducted at maturity
Can be claimed as advance tax while filing ITR
₹5,000/month RD
At 7.2% for 3 years
₹23,328
Total Interest
TDS: ₹0
₹10,000/month RD
At 7.2% for 3 years
₹46,656
Total Interest
TDS: ₹665.6
₹25,000/month RD
At 7.2% for 3 years
₹116,640
Total Interest
TDS: ₹7,664
ICICI Recurring Deposit FAQs
Everything you need to know about lumpsum investments
Compare RD Rates Across Banks
Calculate Recurring Deposit returns with different banks and find the best rates
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