When you invest in a fixed deposit, your money earns interest according to the prevailing FD interest rate. This interest keeps compounding over time and helps you grow your savings. If you're looking to estimate your FD maturity amount, interest earned, and the payout amount, you can use the Bajaj Finance Fixed Deposit Calculator to plan your investment.
Non Senior Citizen (Investing Offline)
Non Senior Citizen (Investing Online)
Please select type of customer
(Indicative,actual returns may vary)
When you invest in a cumulative fixed deposit, your interest is compounded annually but paid at maturity.
(Indicative; actual returns may vary)
When you invest in a non-cumulative fixed deposit, you can avail of your interest payouts periodically. You can choose between monthly, quarterly, half-yearly and annual interest payouts.
Disclaimer: ROI in the above calculator may vary up to 4 bps with the actual rates offered.
Did you know? Bajaj Finance is now offering interest rates up to 6.50% for non-senior citizens and an additional 0.25% rate benefit for senior citizens. What's more, online investors can avail of an additional rate benefit of 0.10% (not applicable to senior citizens). Invest Now
|Interest rate||Ranging from 5.65% to 6.75%|
|Minimum tenor||1 Year|
|Maximum tenor||5 Years|
|Deposit amount||Minimum deposit of Rs. 25,000|
|Application process||Easy online paperless process|
|Online payment options||Net Banking and UPI|
Using the online FD Maturity Calculator is a simple process.
Here are the steps to use the FD Calculator.
Using the Bajaj Finance Fixed Deposit Return Calculator can be a great way to determine your returns, before you start investing. This can help you streamline your finances easily, and maximize the returns on your investment.
You can use the Fixed Deposit Calculator or Term Deposit Calculator to determine the FD maturity amount. Simply go to the FD Calculator and choose the type of customer you are, your FD type, i.e. cumulative or non-cumulative and the amount of your principal and the tenor. Interest amount and total amount earned at maturity will automatically be displayed on the screen.
You can use the Bajaj Finance FD Amount Calculator to determine the maturity amount on your Fixed Deposit. Interest rates vary as per the type of FD you choose, i.e. cumulative/non-cumulative and also the tenor and principal amount. This calculator helps you determine the maturity amount in only a couple of minutes.
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.
The Bajaj Finance Fixed Deposit interest calculator helps you determine the amount that you will receive on maturity of the deposit along with interest. It also helps you 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 very easy 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 as well as non-cumulative payouts.
Yes, you can get monthly interest payouts, if you choose periodic payouts and select monthly frequency. When you invest your money in FDs, you gain interest on your principal amount, which can be obtained periodically. Bajaj Finance Fixed Deposit enables you to choose the frequency of your tenor and you can see the returns you can make, by using the FD Calculator.
If you’re looking for a monthly income from your investment, you can choose to get your interest payouts on a monthly basis. Using the Fixed Deposit calculator, your monthly interest can be computed easily.
However, your interest rate changes based on your interest payout frequency. The more frequently you withdraw your interest, the lesser interest you gain. You can keep checking the Bajaj Finance FD Calculator to compute your returns beforehand, so you can plan your finances in advance.
For new customers:
Annual rate of interest valid for deposits up to Rs.5 crore (w.e.f 12 May 2021)
|Tenor in months||Minimum deposit (in Rs.)||Cumulative||Non-Cumulative|
|12 – 23||25,000||5.65%||5.51%||5.53%||5.57%||5.65%|
|24 – 35||6.10%||5.94%||5.97%||6.01%||6.10%|
|36 - 60||6.50%||6.31%||6.35%||6.40%||6.50%|
Senior citizens (subject to provision of age proof) enjoy an additional rate benefit of 0.25%.
When using the Bajaj Finance Fixed Deposit Calculator, you may have seen the option for cumulative and non-cumulative payout options, which determine your interest rates and maturity values. Read on to know more about these schemes:
In Bajaj Finance 'non-cumulative’ Fixed Deposit scheme, the interest is payable on a monthly, quarterly, half yearly and yearly basis. The scheme will be convenient for an individual who requires a periodic interest payout.
In Bajaj Finance '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 an individual, who does not require periodic interest payouts.
It is important to determine your own needs before choosing a plan. The Bajaj Finance FD Calculator can help you plan your investments, by forecasting your returns based on the chosen deposit amount, tenor and payout frequency.
Bajaj Finance Fixed Deposit comes with 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:
In addition to these features and benefits, you can easily compute your earnings before you invest by using the Bajaj Finance Fixed Deposit Calculator, which provides you with the exact returns easily.
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 FD maturity amount with FD maturity calculator, even before you invest. Simply enter the desired investment amount, preferred tenor and your FD maturity amount is calculated easily.
When investing in FD, interest is compounded annually as per the applicable rate of interest. In case of cumulative interest income, the earned interest amount is added to the initial principal, increasing the principal amount using which the interest income for the remaining tenor can be calculated. The FD formula for compounding of cumulative interest is A=P(1+r/n)^n*t
A is maturity amount, P is principal amount, r is rate of interest, t is number of years, and n is compounded interest frequency, you can use FD rate calculator to determine your maturity amount.
E.g. If a non-senior citizen invests online with a deposit amount of Rs 20 lakhs, with rate of interest 6.60%, and tenor of 5 years, then he/she will earn Rs 27,53,062 as the maturity amount. Thus, the cumulative interest income is a sum of the original principal amount and the accumulated interest of previous periods.
The effective interest rate on your deposit influences the interest income and yield of your Fixed Deposit. The effective annual interest rate is calculated as per the following formula:
FD Calculation Formula
Effective Rate = (1 + Nominal Rate / n) n – 1. Here, n is the number of periods per year.
E.g. If the annual interest rate is 10%, compounded annually it will be 10% but compounded quarterly, the actual interest rate for calculation will be 14.48%.
You can easily calculate interest amount with FD calculator online.