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- 1L
- 10Cr
Total Amount including Interest
₹ 99,252
at 3 % 4
My Savings Amount
₹
Interest earned
₹
Disclaimer*:
- ICICI Bank Savings Account interest rates are fixed. The interest is calculated on a daily basis and credited quarterly at the end of March, June, September and December.
- The interest is calculated as per the daily End Of Day (EOD) balance. When the EOD balance changes, the interest amount also changes.
- ICICI Bank currently offers an interest rate of 3% for EOD balance below Rs 50 lakh and an interest rate of 3.50% for EOD balance of Rs 50 lakh and above.
Savings Account Interest Rate Calculator FAQs
Why open a Savings Account with us?
- Get a premium Savings Account with customised financial solutions for you, your family and your business under one umbrella
- Get instant payment & fund transfer solutions at your fingertips
- Get access to 400+ services on our digital platforms
- Fulfil your dreams with exclusive pre-approved offers
- Get exciting offers on spends
- Get premium Credit Cards, Travel Cards and Debit Cards
- See your money grow with smart investment solutions across Deposits, Stocks and Mutual Funds.
How does a Savings Account Interest Calculator work?
A Savings Account Interest Calculator operates on a simple algorithm that takes into account the following variables:
1. Account balance: The current balance in the Savings Account serves as the starting point for calculating interest earnings.
2. Interest rates: The interest rates offered by the Bank determine the rate at which the balance grows over time. Higher interest rates lead to greater accumulation of savings.
3. Duration: The duration represents the length of time for which the money remains in the account. It influences the total interest earned, with longer durations resulting in a more significant savings accumulation.
By entering these variables into the Savings Account Interest Calculator, individuals can determine their potential earnings.
How to use a Savings Account Interest Calculator?
1. Enter your current bank balance into the designated field.
2. Specify the number of days for which you want to estimate the interest. It could be for a specific period or a projection for future planning.
3. Once all the necessary details have been entered, the calculator will process the information to determine the estimated interest amount based on your balance, interest rate and duration.
4. After calculation, the estimated interest amount will be displayed. Review this figure to understand the potential growth of your savings over the specified period.
