Icici Nro Fd Rates Calculator

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#icici-nro-calc-container {
font-family: ‘Segoe UI’, Tahoma, Geneva, Verdana, sans-serif;
max-width: 900px;
margin: 20px auto;
padding: 25px;
border: 1px solid #e0e0e0;
border-radius: 12px;
background-color: #ffffff;
box-shadow: 0 4px 20px rgba(0,0,0,0.08);
color: #333;
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.calc-header {
text-align: center;
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margin-bottom: 25px;
padding-bottom: 15px;
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.calc-header h2 {
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border-radius: 6px;
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width: 100%;
transition: background 0.3s;
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.calc-button:hover {
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#fd-result-area {
margin-top: 25px;
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margin-top: 25px;
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.tax-note {
font-size: 13px;
color: #666;
font-style: italic;
margin-top: 10px;
}
@media (max-width: 600px) {
.input-grid {
grid-template-columns: 1fr;
}
}

ICICI Bank NRO FD Rates Calculator

Total Principal:
Estimated Interest:
Maturity Amount:

*Calculations assume quarterly compounding as per standard Indian banking norms. TDS (Tax Deducted at Source) of 30.9% is applicable on NRO FD interest unless DTAA benefits are claimed.

How the ICICI NRO FD Calculator Works

The ICICI NRO (Non-Resident Ordinary) Fixed Deposit calculator helps Non-Resident Indians (NRIs) estimate the growth of their Indian income (like rent, dividends, or pension) when parked in a fixed-term deposit. Unlike NRE accounts, NRO accounts are specifically designed for income earned within India.

Our calculator uses the compound interest formula applied by most Indian private banks: A = P(1 + r/n)^(nt). In this context:

  • P: The initial amount you deposit.
  • r: The annual nominal interest rate offered by ICICI Bank.
  • n: Compounding frequency. In India, interest is typically compounded every quarter (4 times a year).
  • t: The total time duration in years.

Current ICICI NRO FD Interest Rates (Indicative)

ICICI Bank offers competitive rates for NRO deposits, typically ranging from 3.00% to 7.20% depending on the tenure. Short-term deposits (7 days to 1 year) offer lower yields, while long-term deposits (1 year to 10 years) generally provide higher returns. Senior Citizen NRIs do not usually get additional interest rate benefits on NRO accounts, which is a key difference from domestic term deposits.

Taxation on NRO FD Interest

It is crucial to understand that interest earned on an NRO Fixed Deposit is subject to tax in India. The standard TDS rate is 30% plus applicable surcharge and cess (totaling approximately 30.9%). However, if you are a resident of a country that has a Double Taxation Avoidance Agreement (DTAA) with India, you may be eligible for a lower rate of TDS, provided you submit the necessary documentation (Tax Residency Certificate, Form 10F, etc.).

Example Calculation

Suppose you deposit ₹1,000,000 in an ICICI NRO FD for a tenure of 2 years at an interest rate of 7.00% per annum.

  • Principal: ₹1,000,000
  • Rate: 7%
  • Tenure: 2 Years
  • Compounding: Quarterly
  • Maturity Amount: ₹1,148,882
  • Total Interest: ₹1,48,882

Key Benefits of ICICI NRO Fixed Deposits

  1. Flexible Tenure: Choose from 7 days up to 10 years.
  2. Joint Holding: Can be held jointly with another NRI or a Resident Indian (on a ‘former or survivor’ basis).
  3. Overdraft Facility: You can avail of a loan or overdraft against your NRO FD (up to 90% of the deposit amount) for personal or business needs.
  4. Repatriation: Interest earned is fully repatriable. The principal can be repatriated up to a limit of USD 1 million per financial year (after paying taxes).

function calculateNROFD() {
var principal = parseFloat(document.getElementById(‘depositAmount’).value);
var annualRate = parseFloat(document.getElementById(‘interestRate’).value);
var years = parseFloat(document.getElementById(‘tenureYears’).value) || 0;
var months = parseFloat(document.getElementById(‘tenureMonths’).value) || 0;
if (isNaN(principal) || principal <= 0) {
alert("Please enter a valid deposit amount.");
return;
}
if (isNaN(annualRate) || annualRate <= 0) {
alert("Please enter a valid interest rate.");
return;
}
if (years === 0 && months === 0) {
alert("Please enter a valid tenure.");
return;
}
// Total tenure in years
var totalTenure = years + (months / 12);
// Indian Banks usually compound quarterly for NRO accounts
var n = 4;
var ratePerPeriod = (annualRate / 100) / n;
var totalPeriods = n * totalTenure;
// Formula: A = P * (1 + r/n)^(n*t)
var maturityAmount = principal * Math.pow((1 + ratePerPeriod), totalPeriods);
var totalInterest = maturityAmount – principal;
// Displaying Results
document.getElementById('resPrincipal').innerText = "₹ " + principal.toLocaleString('en-IN', { maximumFractionDigits: 0 });
document.getElementById('resInterest').innerText = "₹ " + totalInterest.toLocaleString('en-IN', { maximumFractionDigits: 0 });
document.getElementById('resMaturity').innerText = "₹ " + maturityAmount.toLocaleString('en-IN', { maximumFractionDigits: 0 });
document.getElementById('fd-result-area').style.display = 'block';
}

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