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ICICI RD Calculator

Monthly Investment

Interest rate






1 Yr

30 Yrs

The future value of investment will be

Invested Amount


Estimated Return


What Is the ICICI RD Calculator?

A Recurring Deposit (RD) is an easy and affordable way to start saving, irrespective of your financial situation. You can invest a modest amount every month and yet manage to grow your wealth in the long run. Your return will depend on the investment amount, tenure, and interest rate. Moreover, recurring deposits may offer tax benefits too.

However, it makes sense to know how much your RD will yield before getting started with it. This helps with better financial planning. An RD calculator is a useful tool that can help you with these calculations. Angel One presents various RD calculators for different Indian Financial Institutions. Among them is the ICICI RD calculator. Before starting an RD account with ICICI, you can use the Angel One ICICI RD calculator to estimate your returns. The calculator will show the interest you will earn on your investment and the total maturity amount once you feed in a few key variables. Using it can help you save time, plan your finances easily, and make smart decisions. You can use the online ICICI RD calculator from anywhere without incurring any charges.

How Does a ICICI Bank RD Calculator Work?

The online ICICI RD calculator accounts for the principle of compounding and makes the calculations accordingly. It requires monthly investment amount, tenure, and interest rate as inputs for calculation and yields the maturity amount and expected interest.

What Is the ICICI Bank RD Calculator Formula?

The RD formula uses these three essential factors – the monthly investment amount, interest rate, and number of quarters. The ICICI RD calculator formula is –

M = R [(1+i)^n-1] / (1-(1+i)^(-1/3) )


M is the maturity value,

R is the monthly deposit amount,

i is the rate of interest/400,

n is the number of quarters

How To Use ICICI RD Calculator Online?

Using the Angel One ICICI RD calculator online is hassle-free and takes a few seconds. These are the steps to follow:

  1. Enter the monthly investment amount
  2. Use the slider to input the interest rate
  3. Slide to enter your preferred investment duration 

The ICICI RD calculator will instantly display the estimated return and maturity amount. This example will make it easier to understand. 

Suppose you invest a monthly amount of Rs. 7,000 in an ICICI RD for 6 years, and the interest rate is 7% p.a. To estimate your return and total maturity value through the ICICI RD online calculator, here is what you need to do:

  1. Key in Rs. 7,000 in the field specified for monthly investment 
  2. Choose 7% as the interest rate
  3. Select 6 years as the period of investment 

The RD calculator will instantly show Rs. 5,04,000 as the total invested amount, Rs. 1,22,948 as the estimated return, and Rs. 6,26,948 as the maturity value.

Benefits of Using a ICICI RD Calculator

  • Offers accuracy: There is a lot of scope for errors if you directly employ the mathematical formula for the ICICI RD calculator. Using the online calculator can eliminate this problem. 
  • Helps make informed decisions: By entering multiple combinations of interest rate, monthly investment amount, and tenure, you can compare estimated returns in different situations. This means you can select the combination that perfectly suits your needs.
  • Helps plan finances easily: The online ICICI RD calculator helps you identify the monthly amount you need to invest to meet your long-term financial goals. 
  • Free to use: You can use the recurring deposit calculator for free as many times as you want.

Factors Influencing Post Office Earnings

  1. Monthly investment amount: Return is high when you invest a big amount. For instance, investing Rs. 7,000 monthly at 6% p.a. for 5 years will give a total return of Rs. 4,90,445. If you invest a larger amount, say Rs. 10,000, the return will be Rs. 7,00,636.
  2. Duration of investment: Keeping your money invested for a long time will give you higher returns. For example, investing Rs. 10,000 monthly at 6% interest p.a. for 3 years will give you a total return of Rs. 3,95,142. However, if you invest for 5 years, the return will go up to Rs. 7,00,636. 
  3. Interest rate: A high rate means high returns. Say, if you invest Rs. 8,000 for 5 years at an interest rate of 6% p.a., you will get a return of Rs. 5,60,509. Investing at a better rate, say 9%, will give a return of Rs. 6,06,822. 
  4. Premature withdrawal: If you withdraw your RD before the investment tenure ends, you will earn less than you estimated. There may also be a penalty applicable.
  5. Age of investor: Banks tend to offer minors and senior citizens a better rate of return than regular investors. 


What is the ICICI RD calculator?
Angel One ICICI RD calculator is a tool designed to help you calculate your ICICI recurring deposit investment returns. This calculator makes an accurate and reliable estimation using key variables like investment amount, interest rate and tenure.
How to use the ICICI RD calculator online?
Visit the ICICI RD calculator page on Angel One. Next, you need to enter variables like the monthly investment amount, expected interest rate, and investment period to view your estimated return instantly.
Is the ICICI RD calculator free to use?
The ICICI recurring deposit calculator is available on Angel One for free. You can use it as often as needed.
How much can be the minimum tenure of your ICICI bank recurring deposit?
The minimum tenure for an RD can vary from bank to bank. The minimum investment tenure is 6 months for ICICI Bank. However, it is better to contact the bank for confirmation.
What is the interest rate on ICICI RD?
Factors like market conditions, tenure, investment amount, and investor age can impact the ICICI RD interest rate. The rates are subject to change from time to time.

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