How To Use Fixed Deposit Calculator?

How To Use FD Calculator?

Fixed Deposit Calculator is a free online tool to calculate the potential returns of a fixed deposit . You can calculate the maturity amount of a Fixed Deposit by entering a few basic details. Remember, the maturity amount varies with the type of customer, type of deposit, tenor, and the amount of deposit.

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Here's a step-by-step procedure to help you use the FD Calculator

• Choose a reliable online FD Calculator tool, like the one offered by Bajaj Finance
• Choose your customer type, which varies for every issuer
• Choose deposit option – cumulative for returns at maturity or non-cumulative for periodic returns
• Enter the deposit amount you would like to invest
• Choose fixed deposit tenor as per your convenience, which can range from 12 to 60 months

You will automatically see the maturity amount and total interest earned on your fixed deposit. You can try different combinations of tenor and deposit amount to see how the maturity amount and interest earned changes. This can help you plan your FD investments better, and you can determine your returns even before you invest.

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