FD Calculator

The returns on your fixed deposit investment are determined by your interest rates and frequency of interest payouts. These interest rates are compounded periodically, and the formula supporting the FD interest rates calculator is listed below.
Here's the FD calculation formula:
A=P(1+r/n)^n*t
Where;
A is maturity amount
P is the principal amount
r is the rate of interest
t is the number of years
n is compounded interest frequency

Yes, you can opt for monthly interest payouts with Bajaj Finance Fixed Deposits. The FD calculator lets you choose your payout frequency (e.g., monthly, quarterly, half-yearly, annually) and tenure to determine your returns.

The maturity amount in a Fixed Deposit (FD) is the total amount you receive at the end of the investment term. It comprises your initial investment (principal amount) plus the accumulated interest earned over the FD's tenure.

Based on payout frequency, these two fixed deposit types are distinct from one another. A cumulative fixed deposit is used to pay the interest at maturity after it has been compounded annually. The interest is paid out either monthly, quarterly, half-yearly, or annually in a non-cumulative fixed deposit, depending on your needs.

Bajaj Finance offers its customers the option of premature withdrawal of FD. The guidelines for the same are:

1. Up to 3 (three) months from date of Deposit: Withdrawal of the Deposit is not permitted. However:
   i. In the event of death of a depositor, the Company may repay the Deposit prematurely (irrespective of the lock in period) to the surviving depositor (which in the case of joint holders will be the first in the sequence of applicants in the Application) or to the nominee/ legal heir(s) of the deceased depositor, upon the request of surviving depositor/s/nominee/legal heir, as the case may be, and subject to submission of proof of death and other requisite documents to the satisfaction of the Company
   ii. In case depositor wants premature withdrawal of his Deposit for expenses of emergent nature including on account of facing any medical emergency or expenses due to natural calamities or disaster, partial prematurity of the deposits is allowed upto lower of 50% of principal or Rs.5 lacs. Expenses of emergent nature are subject to verification/evaluation of case as per BFL policy.
   iii. Premature withdrawal of Deposit Amount on account of suffering on account of Critical illness, 100% of principal amount of Deposit shall be paid to the depositor, without interest. For the purposes of this clause definition of ‘Critical illness’, shall be as per IRDAI (Health Insurance) Regulations, 2016 and the guidelines issued thereunder, as amended from time to time.
   iv. Deposits aggregating not exceeding an amount of Rs.10,000/- of principal amount (“Tiny Deposit”) will be prematurely paid to individual depositor or first named Depositor holding the Deposit in the same capacity in all the Deposits, at the request of the depositor, without interest.
2. After 3 (three) months but before 6 (six) months from the date of the Deposit: Withdrawal of the Deposit will be permitted; however, interest shall not be payable.
3. After 6 (six) months but before the date of maturity of the Deposit: Withdrawal of the Deposit will be permitted. Interest shall be payable at a rate which is 2% lower than the rate specified for the period during which the deposit has been opened. In case no rate is specified for the Deposit period, interest rate payable shall be 3% lower than the lowest rate being offered by the Company.

The FD calculator aids future financial planning by estimating returns, setting goals, assessing risk, and planning for liquidity needs.

Using the FD calculator is quick, typically taking just a few minutes to input details and receive an estimated maturity amount.

You can book a Bajaj Finance FD with just Rs. 15,000.

Bajaj Finance offers up to 8.85% p.a. to senior citizens on their FD.

Bajaj Finance provides attractive Senior Citizen FD Interest Rates, offering up to 8.85% p.a. on deposits up to Rs. Rs. 25,000 with its FD Max plan. For deposit amounts exceeding Rs. 25,000, the interest rate goes up to 8.85% p.a.

Bajaj Finance offers interest rates of up to 8.60% p.a. for customers below the age of 60. With Bajaj Finance FD Max on deposit amounts up to Rs. 25,000, and up to %$$FD42-

digicumulative$$% p.a. on deposit amounts exceeding Rs. 25,000.

The minimum tenure for a Bajaj Finance Fixed Deposit is 12 months, and the maximum tenure is 60 months.

An FD calculator applies the compound interest formula based on the deposit amount, tenure, and applicable interest rate. It considers the compounding frequency—monthly, quarterly, or annually—to compute the total interest earned over time. This ensures an accurate estimate of the maturity amount, making investment planning easier and more precise.

An FD calculator primarily calculates interest earnings and maturity amounts but does not directly account for tax deductions. However, since FD interest is taxable under the Income Tax Act, investors can use the estimated returns to assess potential tax liabilities based on their tax slab and applicable TDS deductions.

Yes, an FD calculator allows users to test different investment scenarios by adjusting the deposit amount, tenure, and FD type. This helps compare potential returns across various options, enabling investors to choose the most suitable fixed deposit plan based on their financial goals and risk appetite.

An FD calculator helps in planning large investments by providing accurate return projections, enabling informed decision-making. It allows users to compare interest rates, select optimal tenures, and estimate future earnings. This ensures better financial management, minimizes risks, and helps maximize returns on high-value fixed deposits.

Common mistakes include entering incorrect deposit amounts, selecting the wrong tenure, or overlooking the impact of compounding frequency. Users should also ensure they input the correct customer category (regular or senior citizen) and verify the latest interest rates to obtain precise maturity estimates.

To avoid TDS on Fixed Deposit interest, individuals can submit Form 15G (for those below 60 years) or Form 15H (for senior citizens). These declarations confirm that the investor’s total income is below the taxable limit, ensuring no TDS deduction by the bank or financial institution.

If the principal and maturity amounts are identical, it means the FD was booked under a non-interest-bearing scheme or the interest was withdrawn periodically instead of compounding. In non-cumulative FDs, where interest is paid out regularly, the maturity amount remains equal to the initially deposited principal.

Yes, most banks and NBFCs charge a penalty for premature FD withdrawals. The penalty is usually a reduction in the applicable interest rate, which may vary based on the institution’s policies and the withdrawal timing. Some FDs may have a lock-in period, during which early closure is restricted.