On This Page: Investing in an FD | How to use an FD calculator? | How is FD maturity amount calculated? | How does the Bajaj Finserv FD calculator work? | What is the difference between Bajaj Finserv cumulative and non-cumulative fixed deposit payout options? | Can you get monthly interest on fixed deposits? | Why should you invest in Bajaj Finserv FD? | FAQs
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.
Fixed Deposits are one sure shot way to build towards a secure future. Investing in a Fixed Deposit not only ensures a secure future but also teaches you how to maximize your savings. 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 FD Interest calculator offers an insight into what your earnings can be like. However, do keep in mind that FD returns are determined by the FD interest rate, investment tenure you choose and the type of FD. Check if you meet the eligibility criteria today and start investing with Bajaj Finserv MARKETs
FD Calculator makes your task much easier by calculating the interest rate you earn on your fixed deposit. It helps you to use the online FD calculator available on Finserv MARKETS called the Bajaj Finance FD Calculator to check the amount you will receive by investing in an FD. Mentioned below are the steps to calculate your interest using the intt. Calculator –
Choose the customer type category you fall into – Existing Customer of Bajaj/New Customer/Bajaj Group Employee/Senior Citizen. This is important as it determines the interest rate that will be offered to you.
Select the type of FD you wish to go with – Cumulative or Non-Cumulative.
Choose the FD investment tenure you wish to go with. This is important as it will help determine the rate of interest that you will earn on your investment.
Specify your Fixed Deposit investment amount. The minimum you can invest in a Bajaj Finance Fixed Deposit is Rs. 25,000.
Based on the information provided, the FD interest calculator will work out the interest amount and the total amount that you will earn on maturity. Rather easy to use, the Bajaj Finance FD Calculator helps you understand your potential earnings even before you make an investment.
The FD maturity 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
There are two types of FD that you may avail using the FD maturity calculator- simple interest FD and compound interest FD. The FD maturity calculator uses the following formula –
M = P + (P x r x t/100), where –
To understand compound interest, you can refer to the below pointers:
The Bajaj Finance FD Calculator helps you calculate the returns on your Fixed Deposit. The same is determined by factoring in your interest rates and frequency of the interest pay-outs. Thereafter, these interest rates are compounded over a period.
In a cumulative FD, the interest amount is compounded over a period and paid only at maturity. Hence, longer deposits generally earn higher FD rates.
For instance, if you invest Rs. 1,00,000 in an FD at a 10% rate of interest for 1 year, you would get Rs. 1,10,000 in return, which includes the principal amount along with the interest earned, at the end of the year. Use the cumulative FD calculator at Finserv MARKETS to determine your returns.
In a non-cumulative scheme, the interest amount is payable on a monthly, quarterly, semi-annual or annual basis. Let’s say you place another FD with the non-cumulative interest option. This means that you will get to choose the frequency of your periodic payments – be it monthly, quarterly or annually.
This means that if you’ve made a deposit of Rs. 1,00,000 at a rate of interest of 10% for 1 year, coupled with quarterly pay-outs, you will receive a sum of Rs. 2,500 every quarter. Use the non-cumulative FD calculator to find out your returns.
Yes, you can get monthly interest pay-outs with your FD. All you have to do is set the frequency as monthly while choosing periodic pay-outs. Bajaj Finance FD lets you choose the frequency of your tenure, and you can also see the returns that you would make, while filling out the FD monthly interest calculator.
Here’s why opening a Bajaj Finserv Fixed Deposit available on Finserv MARKETS is a good idea:
Competitive interest rate
6 flexible FD investment tenures to choose from
Easy to use Fixed Deposit investment calculator
Online hassle-free investment process
Access to our Customer Portal to keep track of FD account
FAAA Rating by CRISIL and MAAA Rating by ICRA offering high security for FD investment
Special interest rates for Senior Citizens on Bajaj Finserv FD
No TDS on interest payments up to Rs. 5000 p.a.
Yes, the Bajaj FD calculator is absolutely free.
You can calculate the interest on your Bajaj Finserv FD within minutes and that too, in a matter of a few simple steps. All you need to do is choose the customer category that you fall into, enter the type of FD you wish to go with, choose your tenure and specify your FD amount.