Earn interest up to 8.10% p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable)

Yearly Investment
Tenure
Yr
Interest Rate
%
Your Total Maturity Amount is
₹6,78,035
Maturity ₹6,78,035
Investment ₹3,75,000
Interest ₹3,03,035

The cost of living for us today is much more expensive than it was in the past. The financial goals are unique for each and everyone while changing constantly. To cope up with such expenses, you need to have a proper financial plan of your income, savings and expenses. A Bajaj Finance fixed deposit investment might also prove to be a good help in growing your money. Interestingly, you can also make use of the Bajaj Finance FD calculator to make your financial planning even better. Let’s explore how to streamline your financial plan with the Bajaj Finance FD calculator.

Bajaj Finance FD Calculator

The Bajaj Finance FD calculator lets you plan your investment and expenses. You can easily estimate the FD maturity amount, earned interest income and payout amount before actually starting the fixed deposit investment. To use the tool, you just have to select your customer type from a senior citizen, non-senior citizen, or non-senior citizen investing online. Then enter the amount, tenor and choose the type of fixed deposit from either cumulative or non-cumulative.

 

Once the required data is entered, the Bajaj Finance FD calculator will show the maturity amount and the interest income earned over your fixed deposit. You can also compare different fixed deposits by changing the investment amount and tenor. With the help of the Bajaj Finance FD calculator, you will have a clear idea of the amount of returns you will be getting from a fixed deposit. Thus, you can plan your finances accordingly.

Interest Rates on Bajaj Finance FD

In Bajaj Finance FD, you can get lucrative interest rates that are as high as 8.10%. You will also get a higher FD interest rate for a higher tenor. Senior citizens get an additional interest rate of 0.25% over non-senior citizens. If you are a non-senior citizen, you can also avail an additional 0.10% of interest rate by investing in Bajaj Finance FD online. Here is a look at the FD interest rates offered by Bajaj Finance FD.

 Non-Senior Citizen FD Rates

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

12 – 23 months

₹15,000

7.15%

6.93%

6.97%

7.03%

7.15%

24 months

7.50%

7.25%

7.30%

7.36%

7.50%

25-35 months

7.30%

7.07%

7.11%

7.17%

7.30%

36 - 60 months

7.60%

7.35%

7.39%

7.46%

7.60%

Special Tenure FD Rates for Non-Senior Citizens

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

15 months

₹15,000

7.30%

7.07%

7.11%

7.17%

7.30%

18 months

7.15%

6.93%

6.97%

7.03%

7.15%

22 months

7.45%

7.21%

7.25%

7.32%

7.45%

30 months

7.40%

7.16%

7.20%

7.27%

7.40%

33 months

7.70%

7.44%

7.49%

7.56%

7.70%

39 months

7.60%

7.35%

7.39%

7.46%

7.60%

44 months

7.85%

7.58%

7.63%

7.70%

7.85%

The FD interest rates mentioned above are applicable for non-senior citizens as of  20th January 2023 for non-cumulative deposits between the range of ₹15,000 - ₹5 Crores; these may be subject to change as per company policies.

 

 By choosing a non-cumulative fixed deposit, you get the option to choose from periodic payouts of either monthly, quarterly, half-yearly or yearly. Let’s have a look at how much the monthly interest payout will be on a ₹5 lakh FD.

 

If you are a non-senior citizen investing ₹5 lakh in a non-cumulative fixed deposit for a tenor of 1 year, you will get the FD interest rate of 7.60%. At this rate, you will get a monthly interest payout of ₹2,433 on a ₹5 lakh FD. Similarly, you can earn ₹7,338 per quarter, ₹14,775 every 6 months, and ₹30,000 per year on a ₹5 lakh Bajaj Finance FD. You can calculate this amount by using the Bajaj Finance FD calculator.

 

FAQs

  • ✔️What is the formula of fixed deposit?

     Fixed deposit is calculated using the formula A=P(1+r/n)^n*t; where A is the maturity amount, P is the principal amount invested in the FD, r is the rate of interest and n is the tenor.

  • ✔️What is the maturity period in a fixed deposit?

     The time at which the amount of fixed deposit has to be returned to the investor is known as the maturity period.

  • ✔️How many times FD can be renewed?

     A fixed deposit can be renewed multiple times as there is no limit to it.

  • ✔️Can FD be closed online?

     Yes, a fixed deposit can be closed online. Almost all major banks and NBFCs provide the option to close a fixed deposit online.

  • ✔️Can we renew FD after maturity?

     Yes, you can renew your fixed deposit after maturity. To save the trouble of filling the forms again, you can opt for auto-renewal of FD as well.