Plan Your Savings Calculator

About Goal Based Calculator

Discover the key to realising your financial dreams with our goal-based calculator for Fixed Deposits (FDs). Whether you're saving for a dream vacation, a new home, your child's education, or retirement, our intuitive calculator helps you chart a path to success. By inputting your financial objectives, desired amount, and timeframes, you'll get to know the amount of interest you will earn and the amount of money you need to invest according to your investment type. With the power of compounding interest and the flexibility of FDs, your dreams are within reach. Start planning your financial future with confidence, knowing that every deposit brings you one step closer to achieving your aspirations.

How much we can invest in fixed deposit?

On Bajaj Finance platform you start investing in Fixed Deposits from just Rs. 15,000 and go up to Rs. 5 Crore.

How do you calculate goal amount?

By specifying your financial goals, desired sum, and timeframes, you'll ascertain the accrued interest and the required investment amount based on your chosen investment type. Leveraging the potential of compound interest and the adaptability of FDs, your aspirations become attainable.

What is financial goal planning?

Financial goal planning is a systematic and strategic process of defining and working towards specific financial objectives or milestones that you aim to achieve within a certain timeframe. It involves:

  • Identifying Goals: Clearly defining your short-term, medium-term, and long-term financial objectives. These can include buying a home, saving for education, retirement planning, building an emergency fund, or even going on a dream vacation.

  • Quantifying Goals: Assigning a specific monetary value to each goal. This step involves determining how much money you need to achieve each objective.

  • Setting Timeframes: Establishing a realistic timeframe or deadline for each financial goal. Timeframes help create a sense of urgency and structure to your financial planning.

  • Creating a Plan: Developing a detailed plan on how to achieve each goal. This may involve selecting appropriate investment vehicles, creating a budget, and considering factors like risk tolerance and return on investment.

  • Implementing the Plan: Taking actionable steps to put your plan into motion. This includes saving, investing, and managing your finances in a way that aligns with your goals.

Financial goal planning is crucial for creating a roadmap to secure your financial future, whether that involves building wealth, ensuring financial security, or fulfilling personal aspirations. It helps you prioritise your financial actions and make informed decisions to work toward the life you envision.

Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.

Frequently Asked Questions

How does goal-based calculator help me plan my finance?

A goal-base calculator assists in financial planning by inputting your financial objectives, desired amount, and timeframes, you'll get to know the amount of interest you will earn and the amount of money you need to invest according to your investment type.

Can goal-base calculator help me pick the right investment plan?

Yes. A goal-base calculator lets you know the amount of interest you will earn and the amount of money you need to invest based on your inputs like your financial objectives, desired amount, and timeframes, helping you align with your goals and risk tolerance.

Why is Goal Planning important?

Goal planning is vital because it gives your finances direction. It helps you prioritise objectives, make informed investment decisions, and stay motivated to achieve your financial aspirations.

What are the benefits of goal-base calculators?

Goal-basecalculators offer several advantages, like clarity on financial goals, a structured approach to saving, and the ability to track progress, making it an invaluable tool for financial success.

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