Bajaj Finserv FD Calculator
Enter your details to calculate
₹
%
yrs
Total value of investment
₹1,38,042
Invested amount
₹1,00,000
Estimated returns
₹38,042
Bajaj Finserv Fixed Deposit Interest Rates on Domestic Deposits from Rs 15,000 to Rs 5 crore - General Public
| Tenor in months | Minimum Deposit Amount (in Rs.) | Cumulative Interest Rate (% p.a.) | Non-Cumulative Interest Rates (% p.a.) | |||
| Monthly | Quarterly | Half-Yearly | Annual | |||
| 12 – 23 | 15,000 | 6.35 | 6.17 | 6.2 | 6.25 | 6.35 |
| 24 – 35 | 6.95 | 6.74 | 6.78 | 6.83 | 6.95 | |
| 36 – 60 | 7.4 | 7.16 | 7.2 | 7.27 | 7.4 |
Note: The FD interest rates are effective as of 26 August 2022
Bajaj Finserv Fixed Deposit Interest Rates on Domestic Deposits from Rs 15,000 to Rs 5 crore - Senior Citizens
| Tenor in months | Minimum Deposit Amount (in Rs.) | Cumulative Interest Rate (% p.a.) | Non-Cumulative Interest Rates (% p.a.) | |||
| Monthly | Quarterly | Half Yearly | Annual | |||
| 12 – 23 | 15,000 | 6.6 | 6.41 | 6.44 | 6.49 | 6.6 |
| 24 – 35 | 7.2 | 6.97 | 7.01 | 7.08 | 7.2 | |
| 36 – 60 | 7.65 | 7.39 | 7.44 | 7.51 | 7.65 |
Note: The FD interest rates are effective as of 26 August 2022
Special FD Interest Rates for Cumulative Deposits - General Public
| Tenure | Regular Citizens |
| 15 months | 6.55 |
| 18 months | 6.65 |
| 22 months | 6.8 |
| 30 months | 7.05 |
| 33 months | 7.15 |
| 44 months | 7.5 |
Note: The FD interest rates are effective as of 26 August 2022
Special FD Interest Rates for Cumulative Deposits - Senior Citizens
| Tenure | Senior Citizens |
| 15 months | 6.8 |
| 18 months | 6.9 |
| 22 months | 7.05 |
| 30 months | 7.3 |
| 33 months | 7.4 |
| 44 months | 7.75 |
Note: The FD interest rates are effective as of 26 August 2022
Special FD Interest Rates for Non-Cumulative Deposits - General Public
Interest Rates (% p.a.)
| Tenor | Monthly | Quarterly | Half Yearly | Annual |
| 15 months | 6.36 | 6.4 | 6.45 | 6.55 |
| 18 months | 6.46 | 6.49 | 6.54 | 6.65 |
| 22 months | 6.6 | 6.63 | 6.69 | 6.8 |
| 30 months | 6.83 | 6.87 | 6.93 | 7.05 |
| 33 months | 6.93 | 6.97 | 7.03 | 7.15 |
| 44 months | 7.25 | 7.3 | 7.36 | 7.5 |
Note: The FD interest rates are effective as of 26 August 2022
Special FD Interest Rates for Non-Cumulative Deposits - Senior Citizens
Interest Rates (% p.a.)
| Tenor | Monthly | Quarterly | Half Yearly | Annual |
| 15 months | 6.6 | 6.63 | 6.69 | 6.8 |
| 18 months | 6.69 | 6.73 | 6.79 | 6.9 |
| 22 months | 6.83 | 6.87 | 6.93 | 7.05 |
| 30 months | 7.07 | 7.11 | 7.17 | 7.3 |
| 33 months | 7.16 | 7.2 | 7.27 | 7.4 |
| 44 months | 7.49 | 7.53 | 7.61 | 7.75 |
Note: The FD interest rates are effective as of 26 August 2022
NRI Fixed Deposit Interest Rates of deposits from Rs 15,000 to Rs 5 crores
| Tenor in months | Minimum Deposit Amount (in Rs.) | Cumulative Interest Rate (% p.a.) | Non-Cumulative Interest Rates (% p.a.) | |||
| Monthly | Quarterly | Half Yearly | Annual | |||
| 12 – 23 | 15,000 | 6.35 | 6.17 | 6.2 | 6.25 | 6.35 |
| 24 – 35 | 6.95 | 6.74 | 6.78 | 6.83 | 6.95 | |
| 36 | 7.4 | 7.16 | 7.2 | 7.27 | 7.4 |
Note: The FD interest rates are effective as of 26 August 2022
Bajaj Finserv FD Calculator
Bajaj Finserv fixed deposit comes with highly attractive interest rates. They offer the highest rates on special tenure of 44, 39, 33, 30, 22, and 18 months.
When investing in a fixed deposit, the deposited amount earns interest depending on the prevailing FD interest rates and chosen tenure. The interest keeps compounding over time and helps you to earn more returns. You can use an online Bajaj Finserv FD calculator, to estimate FD maturity and interest earnings seamlessly.
Here’s more on Bajaj Finserv FDs and online FD calculators.
Bajaj Finserv Fixed Deposit (FD) Calculator
An online Bajaj Finserv FD calculator uses the given interest rate, deposit amount and tenure to compute the maturity value of your investment amount. The interest rates on FDs, investment tenure, and interest compounding frequency affects the maturity amount of a fixed deposit at the end of its tenure. Determining the accrued interest beforehand can help to choose a suitable scheme.
Since manual calculations can be time-consuming and prone to errors, you can use an online tool.
With Bajaj Finserv FDs you can pick a tenure within 12 months to 5 years. Here the interest rate falls between 7.05% to 7.70% p.a. for general citizens and it varies as per your selected tenure. Selecting a longer tenure for your fixed deposit can help you earn more returns.
However, when compared to regular FD holders, senior citizens can get a higher interest rate. The rate ranges between 7.30% and 7.95%. The maximum you can invest is ₹5 crore.
How Does the Bajaj Finserv Calculator Work?
To use an online Bajaj Finserv FD calculator you need to input different information. Here are the steps to follow to calculate your maturity amount seamlessly:
1. Feed the “Total Investment” box with your total investment amount.
2. Now in the ‘Number of years” box use the slider to drag the purple line until reaching the desired tenure.
3. You have to also enter the Bajaj Finserv fixed deposit interest rate in the given box beneath it.
4. After entering the interest rate and tenure, the right side of the page will display the “Estimated Return” and “Total Value” received against your FD investment.
Additionally, as per your convenience, you can alter the deposit amount, tenure and interest rate to choose a suitable scheme tenure and deposit amount depending on your financial objectives.
Fixed deposit interest is calculated in two different ways:
1. Simple Interest
It is a straightforward interest calculation method used for simple interest FDs. The formula to derive the interest is given below:
Interest = Principal x Tenure x Interest Rate / 100 or (PTR/100).
2. Compound Interest
In case of compound interest FDs, this formula is used to calculate the maturity amount:
A = P (1 + r/n) ^ nxt
In this formula, ‘A’ represents the FD maturity amount
‘r’ denotes the Bajaj Finserv fixed deposit rates
‘n’ stands for the frequency of compounding of the interest
‘P’ represents your fixed deposit amount
‘t’ signifies your investment tenure or term
To understand this complex formula in a better way, let’s consider an example.
Suppose, you want to invest ₹30,000 for a tenure of 5 years at an interest rate of 6.7% compounded annually.
So, as per the formula:
P = ₹30,000
n = 1
r = 6.7%
t = 5
Hence A = ₹30,000 (1+6.7%/1)^1*5
As per the calculations above your maturity amount will be ₹ 41,822 and the interest accrued will be ₹11,822.
Benefits of an Online Bajaj Finserv FD Calculator
Here are some of the major benefits of online Bajaj Finserv FD calculator:
- One of the biggest perks of this online tool is that it is readily available on various websites for use anytime and anywhere without including any additional charges.
- The automated online device helps to compute your maturity value instantly. It saves you from tedious calculations which may not be error-free.
- It comes with a user-friendly interface, where you need to input certain values to get the estimated result. Usually, online tools like this have similar working principles, but the user interface might vary.
- This online tool has the capability to generate customised results. Here potential investors can provide different values and find a suitable scheme and tenure as per their financial plans.
- Prior knowledge of your maturity amount and interest earnings helps you manage your investments efficiently.
Upstox Bajaj Finserv fixed deposit calculator is an excellent tool that can assist you in determining how much interest you receive by investing in a fixed deposit for a particular time frame. This tool is free, hassle-free, fast and accurate and you don’t need to sign up or register.
Frequently Asked Questions
What is the minimum amount of investing in Bajaj Finserv fixed deposit?
The minimum amount to invest in a Bajaj Finserv fixed deposit is ₹15,000.
Do we have a premature withdrawal facility on Bajaj Finserv FD?
Yes, I Bajaj Finserv FD you can withdraw the amount before maturity through online and offline modes. However, in the first three months, you cannot make a premature withdrawal. For withdrawals after the first six months, this financial institution will charge a 2% interest penalty on the applicable interest rate.
What is the highest interest rate on Bajaj Finserv FD?
The financial institution offers the highest interest rate of up to 7.70% p.a. for regular citizens, whereas senior citizens can earn up to 7.95% p.a. on their deposits of up to ₹5 crore.
In how many years will fixed deposit be doubled in the Bajaj Finserv?
To determine the time duration in which your fixed deposit will get doubled, consider the rule of 72. You need to divide 72 by the rate of interest levied on your investment amount. For instance, if the interest amount for your FD amount is 7.20%, the number of years in which it will get doubled is 72/7.20 = 10. So, it will take 10 years for your FD to get doubled.
Can I close a Bajaj Finserv fixed deposit account online?
Yes, you may close a Bajaj Finserv fixed online before its maturity period by visiting the official website and selecting the option for ‘Premature Closure of Fixed Deposits’.
Who can open a Bajaj Finserv fixed deposit account?
Any Indian citizens, sole proprietorships, HUFs (Hindu Undivided Families), partnership firms and companies can open a Bajaj Finserv FD account.
Are there any special rates for senior citizens?
Yes in Bajaj Finserv senior citizens can enjoy an additional rate of up to 0.25% p.a. on their deposits for up to ₹5 crore for regular FD schemes.
Does Bajaj Finserv provide an auto-renewal facility for fixed deposits?
No, this financial institution does not provide an auto-renewal facility for fixed deposits. However, you can renew your FD up to 24 hours before the actual maturity date of your previous fixed deposit.
