Fixed Deposit Calculator

Amount to be saved

Interest Payout

Find the best interest rates and duration

  • Highest
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Note: The above calculation does not include TDS deductions

Effective Yield: The actual annual return on your Fixed Deposit, including compounding effects.

Important things you should know

  • Interest rate check

    Standard rate = FD rate + 2% (General) / FD rate + 1% (Senior)

  • Penalty charges

    Default attracts 5% p.a. on overdue or overdrawn amounts

  • Loan amount fit

    Ensure OD limit aligns with your required funds and repayment comfort. You can instantly avail up to 90% of Overdraft on your FD

  • Review key facts

    Key Fact Statement provides all charges, terms and conditions before applying

  • Limited Fund Transfers

    Transfers allowed only to linked Savings Account; no UPI or IMPS or NEFT or RTGS and no cash deposits into OD Against FD

How to apply?

About OD FD

Flexible FD Overdraft

Access instant funds without breaking your Fixed Deposit. ICICI Bank allows you to secure an overdraft against your FD, letting you withdraw as needed while your deposit continues earning interest.

Simple, fast eligibility

Available to ICICI Bank FD holders with an active linked Savings Account. Minimal documentation and quick verification make the process easy, ensuring fast access to your approved overdraft limit.

Easy application journey

Apply seamlessly through ICICI Bank's iMobile app, Net Banking or any ICICI Bank branch. Select your FD, confirm details, submit basic documents and activate your overdraft with instant setup and immediate fund access.

Transparent key requirements

Interest is charged at FD rate plus applicable spread, with standard terms for General and Senior Citizens. Key Fact Statement provides all essential details, charges and conditions for complete clarity before applying.

FAQs

What is OD Against FD?

OD Against FD is an overdraft facility provided by ICICI Bank that allows you to access funds by using your Fixed Deposit as security.

What is the limit of Overdraft against FD?

With ICICI Bank, you can instantly avail up to 90% of Overdraft on your FD through our digital channels like ICICI Bank's iMobile app and Net Banking.

How does Overdraft Against FD work?

If the Bank approves an Overdraft Account, you will get the desired overdraft amount, just like a loan. However, you can withdraw money from your OD Against FD account up to a limit approved by the Bank.

What is the application process for an OD Against FD?

You can apply for an OD Against FD through our digital channels like ICICI Bank's iMobile app/Net Banking or visit any branch to set up an OD Against FD.

Disclaimer

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