NRI Fixed Deposit Calculator
As an NRI, you can invest in a Bajaj Finance Fixed Deposit, wherein you earn fixed interest on the amount deposited, which compounds over time. Bajaj Finance Fixed Deposit Calculator is a simple tool that helps you determine your maturity amount so that you can plan your investments. All you need to do is to enter the desired deposit amount, choose a suitable tenor, and you will automatically see the returns on your deposit at maturity, even before you start investing.
Exciting Update! Bajaj Finance Fixed Deposit rates are revised upwards w.e.f June 14, 2022. Now start investing and earn higher returns of up to 7.60% p.a. T&C apply. To check the latest Fixed Deposit interest rates, click here
How to calculate fixed deposit interest
For NRIs investing in a Bajaj Finance Fixed Deposit, the returns are affected by the rate of interest, tenor and frequency of payouts chosen. The formula for calculating FD interest rates is mentioned below:
A = P (1 + r/4/100) ^ (4*n) and A = P (1 + r/25)4n
A = Maturity amount
P = Deposit amount
n = Compounded interest frequency
Frequently asked questions
Bajaj Finance Fixed Deposit interest calculator is a simple tool that can help NRIs determine the amount they can receive at the time of their fixed deposit maturity. This amount includes the interest earned, along with the principal invested. You can calculate and compare the interest receivable for different deposit amounts, tenors and interest payment frequencies.
Using the online Bajaj Finance FD Calculator is very easy for NRIs. Here are the steps to use the FD interest rates calculator.
- Choose your customer type, i.e. new customer/existing loan customer/senior citizen
- Choose the type of fixed deposit that you want, i.e. cumulative or non-cumulative
- Enter your fixed deposit amount
- Select a tenor of the fixed deposit as per your choice
You can now see the interest and total amount earned at maturity. Using the Bajaj Finance FD Calculator for NRIs, you can determine the returns before investing to maximise your funds and streamline finances.
Using the Bajaj Finance Fixed Deposit Calculator for NRIs, you can determine your FD maturity amount easily. You simply need to visit the FD Calculator page, choose your customer type (cumulative or non-cumulative), and select the investment amount and tenor.
Once you enter these values, you should be able to see the total maturity amount. This helps you plan your investments before you start investing.