Bajaj Finserv FD Calculator

Bajaj Finserv Fixed Deposit Interest Rates on Domestic Deposits from Rs 15,000 to Rs 5 crore - General Public

Bajaj Finserv Fixed Deposit Interest Rates on Domestic Deposits from Rs 15,000 to Rs 5 crore - Senior Citizens

Special FD Interest Rates for Cumulative Deposits - General Public

Special FD Interest Rates for Cumulative Deposits - Senior Citizens

Special FD Interest Rates for Non-Cumulative Deposits - General Public

Special FD Interest Rates for Non-Cumulative Deposits - Senior Citizens

NRI Fixed Deposit Interest Rates of deposits from Rs 15,000 to Rs 5 crores

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.