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GIFT City Corporate Fixed Deposit Calculator

 

 

About GIFT City Corporate Fixed Deposits

How can I use the Fixed Deposit Calculator?

The ICICI Bank GIFT City Corporate FD Calculator helps you estimate your deposit returns quickly and easily. You can use the calculator through the following steps:

1. Select the currency and enter your desired deposit amount

2. Enter the tenure in years, months or days

3. The calculator will display the applicable interest rate, interest earned, maturity date and maturity amount, allowing you to plan your finances with confidence.

This tool also helps you compare different tenures and deposit amounts to make informed investment decisions.

Which currencies are available for Corporate FDs?

Corporate FDs can be opened in 8 major international currencies, including USD, GBP, EUR, CAD, AUD, AED, HKD and SGD.
This enables corporates to manage deposits and interest earnings in foreign currencies, reducing currency conversion risks and facilitating global liquidity management.

Can Corporate FDs be withdrawn before maturity?

1. Non-Callable FDs cannot be withdrawn before maturity.

2. Callable FDs can be withdrawn early, but a 0.50% penalty on the applicable interest rate applies.

Important Note: If interest has already been credited, the total amount returned may be less than the principal.

How is interest calculated on Corporate FDs?

  • Tenures up to 12 months: Simple interest is applied (calculated only on the principal amount)
  • Tenures above 12 months: Interest is compounded annually (calculated on both principal amount and accumulated interest)