ROI up to 8.95%* on FD

Invest Now

How To Use Bajaj Finance Fixed Deposit Calculator For Retirement Planning?

  • Highlights

  • Benefits of using Bajaj Finance FD Calculator

  • Find out how tenor impacts maturity amount

  • Use FD Calculator for retirement planning

  • Select the right corpus to invest

When it comes to retirement planning, accuracy is everything. If your investments don’t perform according to your expectations, you may have to rebalance your portfolio, which could be a mammoth task. However, when it comes to high-earning fixed deposits such as the Bajaj Finance Fixed Deposit, your returns are guaranteed, so you can plan your retirement with ease. In addition to lucrative interest rates, flexible tenors and a suite of different benefits, you can also reap the benefits of the Bajaj Finance Fixed Deposit Calculator.

Why to use Bajaj Finance FD Calculator?

Bajaj Finance FD Calculator is a great way to plan your retirement. Here’s how to use this efficient tool for your retirement planning:

  • Bajaj Finance Fixed Deposit Calculator lets you calculate the exact returns that you will receive on your investment, so you can plan more efficiently for retirement
  • Check your earnings based on the interest rates pertaining to various customer categories
  • View the monthly interest income you can receive, if you choose a non-cumulative FD
  • Find out how the investment tenor impacts your interest payout
 

In addition to helping individuals with the above-mentioned benefits, Bajaj Finance Fixed Deposit Calculator also helps in resolving a couple of retirement-related questions or dilemmas that you may have. Read along to find the answers to these questions, if you’re looking to retire soon.

How much do you need to invest to meet the expenses of post-retirement life?

Once you have budget set for your monthly expenses, the calculator allows you to understand the corpus you need to invest to get a monthly amount that will cover the expenses.

For example, if you invest Rs. 20,00,000 in a Bajaj Finance Fixed Deposit for 5 years, and reap the benefit of an interest rate of 8.60% for new customers, you can look for an interest amount of Rs. 10,21,198. In case you reinvest the total maturity amount of Rs. 30,21,198 for another 5 years by renewing your FD, you can get 0.10% higher interest rate, yielding a total interest income of Rs. 15,63,671. Hence, an amount of Rs. 20,00,000 invested for about 10 years in a Bajaj Finance FD can mature to Rs. 45,84,869.

Thus, by using a Bajaj Finance FD Calculator, you can easily determine the amount you need to invest. The interest rates vary for every customer category, frequency of interest payouts and the tenor you select.

How much will your monthly interest payout be if you invest in a non-cumulative FD?

This calculator also enables you to see how much you will receive monthly. All you must do is choose ‘non-cumulative’ as the type of deposit and choose an interest payment frequency from options such as monthly, quarterly, half yearly and annually. Then, enter your corpus amount and the page will be updated with the relevant information.

Additional Read: Should you choose Bajaj Finance Cumulative or Non-Cumulative Fixed Deposits?

How will your earnings change as per tenor?

The calculator also helps you see how interest payouts change with changes in the tenor. If you make slight changes to the tenor, while keeping other factors constant, you will see how your maturity amount increases or decreases.

Continuing with the previous example of investing Rs. 20,00,000 in a Bajaj Finance Fixed Deposit, the maturity amount will come down to just Rs. 25,61,648 in case you invest for just 36 months. If you renew your deposits for another 36 months, the amount will grow to Rs. 32,90,092 at the end of maturity.

Additional Read: 5 Best Recommended Investment Schemes For Senior Citizens

How to use a Bajaj Finance Fixed Deposit Calculator?

If you’re looking to start investing in a fixed deposit, and want to determine the investment amount, tenor, and frequency of payouts, the Bajaj Finance Fixed Deposit Calculator can be very helpful. To get started with the FD Calculator, here’s what you need to do:

  • Select your customer type, depending on whether you’re a new customer, existing customer, Bajaj Group employee or a senior citizen
  • Enter the tentative fixed deposit amount you plan to invest
  • Select the preferred tenor of your fixed deposit
  • You will see two different results for Cumulative Fixed Deposit and Non-Cumulative Fixed Deposit. In case you choose the Non-Cumulative option, you can check the payout amount you could receive monthly, quarterly, half-yearly and annually.
 

The interest amount for cumulative and non-cumulative fixed deposit will be different. Depending on your convenience, you can choose the best option. The Bajaj Finance FD Calculator can hence, be a great way to determine your returns even before you start investing.

Invest in a Bajaj Finance Fixed Deposit, and you can streamline your finances with an FD Calculator, plan your retirement smartly.

DISCLAIMER: The mentioned fixed deposit interest rates are indicative only, and may be subject to change periodically. Please check the interest rates on our website.

Fixed Deposit - Request a Call Back

Please enter your first and last name
Please enter 10-digit mobile number
Please Select city

How would you rate this article

 Please let us know why?

What did you dislike?

What did you dislike?

What did you like?

What did you like?

What did you like?

Next up

PRODUCT GUIDANCE

How to be financially prepared in your 20s ?