What is a Cumulative Fixed Deposit?
In a cumulative fixed deposit, the interest compounded either on a quarterly or yearly basis. The amount is paid to the customer post maturity of the FD.
What is a Non- Cumulative Fixed Deposit?
In this type of FD, the interest amount is paid out either on a monthly, quarterly, half-yearly or annual basis, as specified by the customer.
Investing in a Fixed Deposit available on Finserv MARKETS allows you to earn interest on the amount deposited without worrying about fluctuations in the market. Moreover, you are given the freedom of choosing your own FD investment tenure. The amount deposited compounds and this enables you to grow your savings. To know exactly how much you can earn from your investments, use the Bajaj Finserv FD calculator provided below. Rather simple to use, this Bajaj Finance Fixed Deposit calculator offers an insight into what your earnings can be like. However, do keep in mind that FD returns is determined by the investment tenure you choose, the type of FD and the corresponding interest rate.
It is rather easy to use the online FD calculator available on Finserv MARKETS. Mentioned below are the steps –
Basis the information provided, the FD calculator will work out the interest amount and the total amount that you will earn on maturity. Rather easy to use, the Fixed Deposit calculator helps you understand your potential earnings even before you make an investment.
The Fixed Deposit amount calculator will help calculate the maturity amount. Just provide the following information
Once data is fed into these fields, the FD Interest Calculator will then show you details such as
The basic difference between the two is the payout options. This is important as it affects your interest rate and the amount you can earn on an investment.
Here’s why choosing to invest in a Bajaj Finserv Fixed Deposit available on Finserv MARKETS is a good idea