FD Calculator

Using the FD Calculator is simple and helps you estimate both interest earnings and maturity amount. Follow these steps:

1. Select your Customer Type – either a regular investor or a senior citizen.
2. Choose the FD Type – Cumulative, Interest Payout (Monthly/Quarterly), or Short-term FD.
3. The FD Start Date is auto-filled as the current date.
4. Enter the FD Amount you wish to invest.
5. Choose the Tenure Format – either a combination of Years/Months/Days or only Days. Fill in the preferred tenure accordingly.
6. The calculator will automatically display the applicable interest rate, interest earned, maturity date, and maturity amount.

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 provides attractive Senior Citizen FD Interest Rates, offering up to 8.60% p.a. on deposits up to Rs. 25,000 with its FD Max plan. For deposit amounts exceeding Rs. 25,000, the interest rate goes up to 8.40% p.a.

Bajaj Finance offers interest rates of up to 8.35% 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 uses the compounding formula based on the frequency of interest payout—monthly, quarterly, or at maturity. It calculates how your interest is reinvested over time to give you the final maturity amount and total interest earned.

Most FD calculators do not include tax calculations. However, you can manually factor in TDS (Tax Deducted at Source) or applicable income tax to estimate post-tax returns. For precise tax implications, consulting a tax advisor is recommended.

Yes, you can use the FD calculator to try out different scenarios by changing the deposit amount, tenure, customer type, and interest payout option. It helps you compare options and plan effectively based on your financial goals.

For large investments, an FD calculator ensures clarity on interest earnings, maturity amounts, and timelines. It allows you to evaluate different tenure and payout options, enabling better financial planning and helping you maximise returns while avoiding miscalculations.

Common mistakes include entering incorrect tenure or deposit amount, choosing the wrong customer type (senior citizen vs. regular), or misunderstanding payout frequency. Double-check inputs to ensure accurate results and avoid confusion about the actual returns.

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.

To avoid TDS on interest income from FDs, submit Form 15G (for individuals below 60) or Form 15H (for senior citizens) to the financial institution, provided your total income is below the taxable limit.

If your principal and maturity amount are the same, it's likely because the FD is non-interest-bearing or was closed before earning interest. It could also happen if TDS or penalties were deducted. Check the FD details with your bank or issuer.

Yes, most banks and financial institutions charge a penalty for premature FD withdrawals. This usually involves a reduced interest rate or a nominal charge, which can lower your final payout. Check the terms and conditions before investing.