Bajaj Finance FD Calculator: How to Calculate FD Returns

When investing in a Fixed Deposit (FD), you must calculate the returns at various terms before you choose the best one. For this, you can use the Bajaj Finance FD Calculator. This easy-to-use tool computes the maturity amount and the interest you stand to earn on an FD with just a few clicks. 

Read on to know how you can use the calculator and the benefits this digital tool offers.

Steps to Calculate FD Returns with the Bajaj Finance FD Calculator

Calculating the returns at the end of the FD term is quick and convenient with the Bajaj Finance FD Calculator. Here are the steps you need to follow:

1. Go to the FD Calculator page on the official website of Bajaj Finserv
2. Choose the customer type, whether you are below the age of 60 years or a senior citizen
3. Enter the amount you wish to open the fixed deposit for
4. Choose the deposit tenor in months ranging from 12 months to 60 months
5. Select the frequency of interest payments from the following options: maturity, monthly, quarterly, half-yearly, or annually
6. Once you enter these details, you will get the payout on maturity, maturity month, and total maturity payout

Calculation of FD Returns with the Bajaj Finance FD Calculator

The returns you can get on your FD investment directly depend on the interest rates that the issuer offers and the tenor you choose. Check the table for the maturity amount on an FD of ₹1 Lakh at various tenors:

Disclaimer: The above-mentioned figures are estimates, and the actuals may vary based on the issuer’s policies.

Advantages of Using the Bajaj Finance FD Calculator

Using this digital tool to compute the returns comes with a plethora of advantages. Here are some of them:

Provides Accurate Results

With this tool, you can get an accurate calculation of the returns on your FD. By just entering the basic details, the calculator computes the required values. 

This is because calculating the returns manually is prone to errors, especially if the investment amount and tenor are high. You do not need to worry about any such errors when using an FD calculator.

Makes Calculation Time-Efficient

Since you do not need to calculate the returns manually, the process becomes easy and takes less time. The tool provides the following information:

• Payout on maturity
• Maturity month
• Total maturity payout

You can get the results in a few seconds once you enter the required information in the tool. Calculating these details manually using a formula can be time-consuming. 

Easy to Access and Use

Even if you are new to investing, you can easily use this tool to compute your returns. This is because it comes with a user-friendly interface with clear instructions. Simply enter the following details to get the required results:

• Customer type
• Deposit Amount
• Investment Tenor
• Payout frequency

Ideal for Achieving Specific Goals:

Another benefit of this tool is that it helps you plan investment strategies for various goals. By adjusting the tenor and amount, you can determine how much to invest in an FD to achieve your financial objectives.

Whether you aim to fund your child’s higher education, make a down payment on a car, or build a retirement corpus, you can tailor your savings plan to meet your liquidity needs.

Helps Compare Various Terms

This fixed deposit calculator allows you to compare the maturity proceeds you can get for different tenors and amounts. This way, you can explore various combinations of FD terms and choose the one that offers the best returns. Once you select the investment amount, you need to select the tenor.

If you opt for a longer tenor, you may get a higher interest rate which leads to better returns. On the other hand, the interest rates offered on your deposit may be comparatively lower if you select a shorter tenor.

Another benefit of this tool is that you can utilise it as many times as required without any restrictions. In addition, you do not have to pay anything when you use it. 

There is a wide range of FD issuers to choose from, such as Bajaj Finserv Direct Limited, Axis Bank, HDFC Bank, etc. Assess the returns carefully and then choose an FD option that matches your liquidity requirements.