![]() ICICI Bank FD monthly payout option is ideal for depositors needing fixed monthly income to meet their expenses. In the case of cumulative ICICI Bank FD option (also known as reinvestment option), the interest component remains invested till FD maturity. In the monthly pay-out option, interest is calculated quarterly and paid out to the depositor each month at a discounted rate. In the quarterly interest pay-out option, interest is credited on a quarterly basis on the current/saving account of the depositor. Under non-cumulative FD, ICICI Bank offers both monthly and quarterly interest payout options under its traditional and tax saver plans. The total maturity value depends on the ICICI Bank FD rates, deposit tenure, FD amount and type of FD chosen, i.e.
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