FD Calculator

You can use the FD calculator or term deposit calculator to determine the FD maturity amount. Go to the online FD interest calculator and select customer category – senior citizen or customer below 60. Next, you need to select the FD type – cumulative or non-cumulative. And finally, choose your preferred deposit amount and tenor. The interest and maturity amount will then be automatically displayed on the screen.

You can use the FD calculator to determine the maturity amount of your fixed deposit. Interest rates vary according to the type of FD you choose, i.e. cumulative/ non-cumulative and the tenor. This FD interest calculator helps you determine the maturity amount 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

To understand this better, let's consider an example. Suppose a senior citizen is investing Rs. 1 lakh in a fixed deposit for a tenor of 3 years at an interest rate of 7.25% p.a., compounded annually (n=1). As per the formula provided, here's the calculation you need to make:

A = 100000*{[1+(0.0725/1)]^(1*3)}

A = 100000*1.2336

A = Rs. 1,23,360

Thus, your final amount is Rs. 1,23,360. While calculating this manually can be taxing, you can always evaluate your returns using the Bajaj Finance Fixed Deposit Calculator. Here, all you need to do is enter your investment amount and tenor, which helps you calculate the amount receivable on maturity.

Bajaj Finance Fixed Deposit interest calculator helps you determine the amount you will receive on the maturity of the deposit along with interest. It also enables you to calculate and compare the interest receivable by changing the deposit amount, tenor and interest payout frequency.

The FD interest rates calculator by Bajaj Finance is elementary to use. You can input the fixed deposit amount and tenor to calculate the amount receivable on maturity. It also helps you to calculate both cumulative and non-cumulative payouts.

Yes, you can get monthly interest payouts if you choose ‘monthly’ in the payout mode dropdown. When you invest your money in FDs, you gain interest on your principal amount. Using the FD Calculator online, Bajaj Finance Fixed Deposit enables you to choose your preferred tenor and the payout frequency to determine the gains you stand to make. If you’re looking for a monthly income from your investment, you can choose to get your interest payouts every month. With the help of a fixed deposit interest calculator, your monthly interest can be calculated efficiently.
However, your interest payout frequency may also impact the interest rate. The more frequently you withdraw your interest, the lesser interest you gain. You can keep checking the Bajaj Finance FD return calculator to know your returns before investing.

The table below shows the FD interest rates for different tenors and payout modes.

FD special interest rate for Cumulative deposits:

FD special interest rate for non-cumulative deposits:

Senior citizen will get additional ROI benefit of up to 0.25% p.a. on deposit.

Bajaj Finance gives customers the option to choose between two payout options – cumulative and non-cumulative. The interest rate and the gains earned are impacted by which one of the two is selected.

Non-cumulative scheme

In Bajaj Finance’s non-cumulative fixed deposit scheme, the interest is payable monthly, quarterly, half-yearly, or yearly, depending on the customer’s preference. The system is convenient for individuals who require periodic interest payouts to meet routine expenses.

Cumulative scheme

In Bajaj Finance’s cumulative fixed deposit scheme, the interest is payable at the time of maturity along with the principal and is compounded annually. This scheme is suitable for individuals who do not require periodic interest payouts.

It is vital to determine your needs before choosing either of the two payout modes. Bajaj Finance FD calculator can help you plan your investments by forecasting your returns based on the deposit amount selected, tenor and payout frequency.

Bajaj Finance Fixed Deposit comes with an FAAA rating by CRISIL and MAAA rating by ICRA, offering the highest security for your investment. Moreover, there are flexible tenors to choose from, to suit individual needs.

Here are some of the other benefits of our fixed deposit:

• An additional 0.25% p.a. rate of interest for senior citizens
• Flexible tenors between 12 and 60 months, with options to choose periodic interest payouts
• Easy online investment process for existing customers, and doorstep document collection facilities
• Loan against fixed deposit up to 75% of your FD amount

Customers also get access to digitally-enabled FD branches that help simplify your investment journey with a suite of features, such as FD with a debit card, multi-deposit, and auto-renewal facilities.

In addition to these features and benefits, you can efficiently calculate your earnings before you invest by using the Bajaj Finance Fixed Deposit Calculator.

The maturity amount of your fixed deposit is a sum of your principal amount invested, along with pre-decided returns earned over the chosen tenor. You can easily calculate the FD maturity amount with an FD calculator online, even before investing. Enter the desired investment amount preferred tenor, and your FD maturity amount is calculated quickly.

The FD interest calculator can be of help to calculate your cumulative interest. When investing in an FD, the interest is compounded annually as per the applicable interest rate. The earned interest amount is added to the initial principal for cumulative interest income, increasing the principal amount, using which the interest income for the remaining tenor is calculated. The FD formula for compounding of cumulative interest is

A=P(1+r/n)^n*t

where,

A is the maturity amount

P is the principal amount

r is the interest rate

t is the number of years

n is compounded interest frequency.

You can use the FD calculator online to determine your maturity amount.

E.g. If a customer below the age of 60 chooses to invest online, here is the interest they can earn for a given tenor.

Thus, the cumulative interest income is the sum of previous periods’ accumulated interest. In the above case, this amount is Rs. 8,29,556.

The effective interest rate on your deposit influences your fixed deposit’s interest income and yield. The effective annual interest rate is calculated as per the following formula:

FD calculation formula

Effective rate = (1 + nominal rate/n) n – 1.

n is the number of periods per year.

E.g. If compounded annually, the interest rate will be 10%, whereas compounded quarterly, the actual interest rate for calculation will be 14.48%. You can easily calculate the interest amount using the FD calculator online.