Fixed Deposit (FD) Calculator
Plan your investments 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:
- 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. - 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.
- 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 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 %$$FD42-
digicumulative$$% 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.
