4 min
2-December-2024
Investing in a fixed deposit (FD) is a preferred choice for those looking for secure and predictable returns. However, understanding the potential returns before investing is crucial. This is where an FD calculator can help you. It provides precise calculations of interest earnings and maturity amounts, allowing you to plan your investments effectively. Whether you aim to invest Rs. 1 crore or any other amount, using an FD calculator ensures informed decisions tailored to your financial goals.
Accurate interest calculation: It calculates the interest earnings and maturity amount based on the chosen tenure and interest rate, ensuring no manual errors.
Customised investment planning: You can experiment with different tenures and FD interest rates to see which option offers the best returns.
Time-saving: It provides instant results, saving time compared to manual calculations.
Transparency: You get a clear understanding of how your money grows over time, aiding better financial planning.
Use the FD calculator by Bajaj Finance to explore returns effortlessly and plan your Rs. 1 crore investment confidently.
Simple Interest (SI):
This method applies for short-term FDs or interest payments made periodically. The formula is:
SI = Principal × Rate × Time ÷ 100
Example: For a principal of Rs. 1 crore, an interest rate of 6%, and tenure of 1 year:
SI = 1,00,00,000 × 6 × 1 ÷ 100 = Rs. 6,00,000
Compound Interest (CI):
This method applies when interest is reinvested, and it offers higher returns. The formula is:
CI = P (1 + R/100)^T – P
Where P = Principal, R = Interest Rate, and T = Time in years.
Example: For a principal of Rs. 1 crore, an interest rate of 6%, and tenure of 3 years:
CI = 1,00,00,000 (1 + 6/100)^3 – 1,00,00,000 = Rs. 19,10,160
Below is a table comparing simple and compound interest calculations:
For accurate calculations based on your preferences, use the Bajaj Finance FD calculator.
Ease of use: The calculator is user-friendly and delivers results instantly, saving time and effort in manual computations.
Customisable inputs: You can modify the investment amount, tenure, and interest rate to explore multiple scenarios and optimise returns.
Accurate estimates: It provides precise calculations of interest earnings and maturity amounts, eliminating the risk of errors.
Clarity in decision-making: By knowing your exact returns beforehand, you can plan your financial goals more effectively.
Access to competitive FD interest rates: Bajaj Finance offers some of the highest FD interest rates in India, and the calculator helps you maximise these benefits.
How can a Rs. 1 crore FD calculator help you?
An FD 1 crore calculator simplifies the process of estimating returns on a fixed deposit investment of Rs. 1 crore. Here how it can help you:Accurate interest calculation: It calculates the interest earnings and maturity amount based on the chosen tenure and interest rate, ensuring no manual errors.
Customised investment planning: You can experiment with different tenures and FD interest rates to see which option offers the best returns.
Time-saving: It provides instant results, saving time compared to manual calculations.
Transparency: You get a clear understanding of how your money grows over time, aiding better financial planning.
Use the FD calculator by Bajaj Finance to explore returns effortlessly and plan your Rs. 1 crore investment confidently.
How to calculate FD interest?
FD interest calculation depends on factors like the principal amount, tenure, and interest rate. The two main methods to calculate FD interest are:Simple Interest (SI):
This method applies for short-term FDs or interest payments made periodically. The formula is:
SI = Principal × Rate × Time ÷ 100
Example: For a principal of Rs. 1 crore, an interest rate of 6%, and tenure of 1 year:
SI = 1,00,00,000 × 6 × 1 ÷ 100 = Rs. 6,00,000
Compound Interest (CI):
This method applies when interest is reinvested, and it offers higher returns. The formula is:
CI = P (1 + R/100)^T – P
Where P = Principal, R = Interest Rate, and T = Time in years.
Example: For a principal of Rs. 1 crore, an interest rate of 6%, and tenure of 3 years:
CI = 1,00,00,000 (1 + 6/100)^3 – 1,00,00,000 = Rs. 19,10,160
Below is a table comparing simple and compound interest calculations:
| Principal (Rs.) | Interest Rate (% p.a.) | Tenure (Years) | Simple Interest (Rs.) | Compound Interest (Rs.) |
| 1,00,00,000 | 6% | 1 | 6,00,000 | 6,00,000 |
| 6% | 2 | 12,00,000 | 12,36,000 | |
| 6% | 3 | 18,00,000 | 19,10,160 |
For accurate calculations based on your preferences, use the Bajaj Finance FD calculator.
Advantages of using Bajaj Finance FD calculator India
Using the Bajaj Finance FD calculator India offers several advantages, ensuring a seamless investment experience:Ease of use: The calculator is user-friendly and delivers results instantly, saving time and effort in manual computations.
Customisable inputs: You can modify the investment amount, tenure, and interest rate to explore multiple scenarios and optimise returns.
Accurate estimates: It provides precise calculations of interest earnings and maturity amounts, eliminating the risk of errors.
Clarity in decision-making: By knowing your exact returns beforehand, you can plan your financial goals more effectively.
Access to competitive FD interest rates: Bajaj Finance offers some of the highest FD interest rates in India, and the calculator helps you maximise these benefits.
