FD Calculator

Yes. The FD calculator is designed to be flexible—you can adjust the deposit amount, tenure, customer type (regular or senior citizen), and payout option to see how your returns change. It’s a simple way to explore multiple plans and find one that best fits your financial needs.

An FD Calculator is an online tool that tells you how much your fixed deposit will earn. Enter the investment amount, interest rate, and tenure, and it returns your estimated interest and maturity value immediately. No spreadsheets, no mental arithmetic.

It takes about thirty seconds. Select your customer category (regular investor, i.e. below 60, or senior citizen), then choose between a cumulative or non-cumulative FD. Enter the deposit amount, pick your tenure, and the calculator does the rest — displaying your estimated interest and final maturity amount on the spot.

Not directly. Most FD calculators, including this one, display gross returns only. You will need to manually account for TDS and your applicable income tax slab to arrive at post-tax earnings. For anything beyond a rough estimate, a tax adviser is the sensible route.

If your total income is below the taxable limit, submit Form 121 to receive interest without TDS deduction - it replaced the earlier Form 15G/15H from 1 April 2026 under the Income Tax Act, 2025. Submitting it at the beginning of the financial year ensures no TDS is deducted from the first payout onwards.

Yes. You can opt for monthly, quarterly, half-yearly, or annual payouts, or let the interest accumulate and take everything at maturity. The calculator will show you the exact earnings under each option — worth checking before you commit, since the differences can be more meaningful than they first appear.

It is the total sum you receive when the FD tenure ends: your original principal plus all interest earned over the deposit period.

In a cumulative FD, interest compounds over the tenure and is paid out as a lump sum at maturity alongside the principal. In a non-cumulative FD, interest is paid at regular intervals - monthly, quarterly, half-yearly, or annually - as you prefer. The choice depends on whether you want steady income now or a larger payout later.

Rs. 15,000. Accessible to most investors without requiring a large initial outlay.

Senior citizens can earn up to 7.75% p.a. Regular investors (below 60) can earn up to 7.40% p.a. Actual rates vary by tenure and deposit amount.

Bajaj Finance FDs run from 12 months to 60 months, giving reasonable flexibility depending on your financial horizon.

Yes. As per RBI norms for company deposits, no withdrawal is permitted within the first 3 months; between 3 and 6 months only the principal is returned with no interest; and after 6 months, interest is paid at 2% p.a. below the rate for the tenure actually completed. A loan against your FD (up to 75% of a cumulative deposit) is often the cheaper way to access funds.

The common ones are entering the wrong deposit amount or tenure, selecting the incorrect customer category, and confusing payout modes. None of these are hard to fix, but they will give you inaccurate output if left unchecked. A quick review of the inputs before reading the results takes seconds and saves confusion.

When the principal is significant, even a modest difference in tenure or rate translates into a meaningful gap in returns. The calculator makes that gap visible before you commit — which is precisely when it is most useful.

Cumulative FD interest uses the formula M = P x (1 + i/100)^t, where P is your deposit, i the annual rate and t the tenure in years. For example, Rs. 1,00,000 at 7.40% p.a. for 5 years grows to 1,00,000 x (1.074)^5 = approximately Rs. 1,42,896. Bajaj Finance cumulative FDs compound annually; non-cumulative FDs instead pay simple interest out at your chosen frequency. The calculator above applies the right formula automatically for each payout option.

A Rs. 15,000 cumulative FD for 60 months at 7.40% p.a. (compounded annually) grows to approximately Rs. 21,434 - about Rs. 6,434 of interest. Senior citizens at 7.75% p.a. would receive around Rs. 21,786. Shorter tenures earn the slab rates shown in the table above; use the calculator to test any amount between Rs. 15,000 and Rs. 3 crore.

At the monthly-payout rate of 7.16% p.a. (31-60 month tenure, customers below 60), a Rs. 5 lakh non-cumulative FD pays approximately Rs. 2,983 per month before TDS. Senior citizens at 7.49% p.a. receive about Rs. 3,120 per month. The full principal is returned at maturity. Monthly-payout rates are slightly lower than the at-maturity rate for the same tenure because interest is paid out instead of compounding.

Tenures of 31 to 60 months carry the highest rates - up to 7.40% p.a. for customers below 60 and up to 7.75% p.a. for senior citizens (rates w.e.f. 01 May 2026). Tenures of 12-17 months earn 6.60%/6.95% and 18-30 months earn 6.85%/7.20%. If you do not need the funds sooner, choosing a 31-60 month tenure maximises your rate; you can also ladder multiple FDs across slabs for liquidity.