Fixed Deposit Calculator
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NRI Fixed Deposit Calculator
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Frequently asked questions
Using the FD interest rate calculator is a simple process. Here are the steps to use the FD Calculator.
- Choose your customer type, i.e. customers below the age of 60 (investing offline or online) or senior citizen
- Choose the type of fixed deposit you want, i.e. cumulative or non-cumulative
- Choose your fixed deposit amount
- Choose the preferred tenor of the fixed deposit
- The fixed deposit interest calculator will automatically display your interest payout and the total amount earned at maturity
Using the Bajaj Finance Fixed Deposit interest calculator can be a great way to determine your returns before investing. This can help you streamline your finances efficiently and maximize the returns on your investment.
You can use the FD calculator or term deposit calculator to determine the FD maturity amount. Go to the online FD interest calculator and select customer category – senior citizen or customer below 60. Next, you need to select the FD type – cumulative or non-cumulative. And finally, choose your preferred deposit amount and tenor. The interest and maturity amount will then be automatically displayed on the screen.
You can use the FD calculator to determine the maturity amount of your fixed deposit. Interest rates vary according to the type of FD you choose, i.e. cumulative/ non-cumulative and the tenor. This FD interest calculator helps you determine the maturity amount in less than a minute.
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.
Here's the FD calculation formula:
A is maturity amount
P is the principal amount
r is the rate of interest
t is the number of years
n is compounded interest frequency
Bajaj Finance Fixed Deposit interest calculator helps you determine the amount you will receive on the maturity of the deposit along with FD interest. It also enables you to calculate and compare the interest receivable by changing the deposit amount, tenor and interest payout frequency.
Yes, you can get monthly interest payouts if you choose ‘monthly’ in the payout mode dropdown. When you invest your money in FDs, you gain interest on your principal amount. Using the FD Calculator online, Bajaj Finance Fixed Deposit enables you to choose your preferred tenor and the payout frequency to determine the gains you stand to make. If you’re looking for a monthly income from your investment, you can choose to get your interest payouts every month. With the help of a fixed deposit interest calculator, your monthly interest can be calculated efficiently.
However, your interest payout frequency may also impact the interest rate. The more frequently you withdraw your interest, the lesser interest you gain. You can keep checking the Bajaj Finance FD return calculator to know your returns before investing.
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 the FD maturity amount with an FD calculator online, even before investing. Enter the desired investment amount preferred tenor, and your FD maturity amount is calculated quickly.
Based on your investment amount, tenure and payout option, Bajaj Finance FD calculator provides the applicable interest rate on your investment and calculates your interest along with the maturity amount.
Based on payout frequency, these two fixed deposit types are distinct from one another. A cumulative fixed deposit is used to pay the interest at maturity after it has been compounded annually. The interest is paid out either monthly, quarterly, half-yearly, or annually in a non-cumulative fixed deposit, depending on your needs.
Bajaj Finance offers its customers the option of premature withdrawal of FD. The guidelines for the same are:
A) "No withdrawals are allowed in the first three months."
B) "No interest is paid for withdrawals after three months but before six months."
C) "In case of deposit withdrawn between 6 months to the date before maturity of the deposit, the interest rate payable will be 2% lower than the one specified for the period for which the deposit has run."
D) "In case of no rate specified for the period the scheme has run, the interest rate payable will be 3% lower than the lowest rate at which deposits are accepted by Bajaj Finance Limited."
Investing in a Bajaj Finance Fixed Deposit (FD) can be a prudent financial decision for several compelling reasons. Firstly, Bajaj Finance has been rated CRISIL AAA/STABLE and [ICRA]AAA (STABLE), reflecting its strong financial stability and credibility. Secondly, Bajaj Finance offers attractive interest rates of up to 8.60% per annum, ensuring that your money grows substantially over the chosen tenure. Additionally, senior citizens can benefit from an extra 0.25% return, making it an ideal choice for retirees looking for secure investment options.
With a minimum deposit requirement of just Rs. 15,000, Bajaj Finance FDs are accessible to a wide range of investors.
The FD calculator aids future financial planning by estimating returns, setting goals, assessing risk, and planning for liquidity needs.
Using the FD calculator is quick, typically taking just a few minutes to input details and receive an estimated maturity amount.