Fixed Deposit (FD) Calculator
Plan your investments better
NRI Fixed Deposit Calculator
Calculate your return to invest better
Frequently asked questions
The Bajaj Finance FD interest calculator simplifies your investment planning. Select your customer type, deposit amount, and tenure and payout frequency (maturity, monthly, quarterly, half-yearly, yearly) The calculator instantly displays your interest and maturity amount, helping you make informed investment decisions.
Easily calculate your fixed deposit maturity amount with the FD calculator. Select your customer category (senior citizen or under 60), FD type (cumulative or non-cumulative), deposit amount, and tenure. The calculator displays your interest and maturity amount, aiding your investment decision-making. The interest rate will vary based on your chosen FD type and tenure, so utilising the FD calculator ensures you have a clear picture of your potential returns in less than a minute.
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:
- "No withdrawals are allowed in the first three months."
- "No interest is paid for withdrawals after three months but before six months."
- "In case of deposit withdrawn between 6 months to the date before maturity of the deposit, the interest rate payable will be 2% lower than the one specified for the period for which the deposit has run."
- "In case of no rate specified for the period the scheme has run, the interest rate payable will be 3% lower than the lowest rate at which deposits are accepted by Bajaj Finance Limited."
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 interest rates of up to 8.85% p.a. to senior citizens with Bajaj Finance FD Max on deposit amount up to Rs. 25,000, and up to 8.65% p.a. on deposit amount exceeding Rs. 25,000.
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 8.40% 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.