Fixed deposits are a popular investment option due to the fact that they offer safety and guaranteed returns. Whether you want to provide for retirement expenses, purchase assets or save for your children’s wedding, you can do so conveniently with an FD. Your return on investment from an FD depends on the interest rate that the issuer offers. Therefore, it’s important that you compare fixed deposit rates offered by various financial institutions before picking one. Additionally, check the FD’s credibility to be sure that your investment is secure.
For instance, Bajaj Finance’s Fixed Deposit offers attractive interest rates and has an FAAA rating by CRISIL and MAAA rating by ICRA. These are the highest ratings, indicating that your funds are absolutely secure. Moreover, when you invest in a 36-month Bajaj Finance FD with interest payable at maturity, you can earn 8.75% interest as a regular investor, and 9.10% as a senior citizen.
The best part about investing in an FD is that you can ascertain the exact maturity amount. Instead of doing the math yourself using the formula, you can use a fixed deposit calculator for speedy and accurate results. Further, you can tweak your inputs to find the most rewarding combination of investment amount and tenor. Take a look at just how easy it is to calculate the returns you can earn through a fixed deposit calculator.
Select customer type
Bajaj Finance classifies its investors as new customers, existing customers, and senior citizens. Start by selecting descriptor that applies to you.
 Select the type of fixed deposit
Decide how often you’d like to receive your FD interest: at regular intervals or on maturity, and choose an option accordingly. If you choose the former, specify the frequency you’d like: monthly, quarterly, bi-annually or annually.
Select the investment amount
Enter the amount that you want to invest in an FD. Bajaj Finance accepts a minimum deposit of Rs.25,000.
Select the tenor
Evaluate your financial needs and goals and select a tenor accordingly. Bajaj Finance offers a choice of 12 to 60 months for your FD. Since your investment is locked for the entire tenor, arrive at the duration after taking into account your financial obligations and possible liquidity requirements.
After you slide the bars to reflect the correct value or enter the numbers in the fields provided, the calculator will display the principal amount, maturity amount, and interest that you will earn.
Now take a quick look at the benefits of using a fixed deposit calculator.
- Bajaj Finance’s FD calculator is available online and so you can use it from anywhere and at any time.
- An FD calculator is simple and easy to use. All you have to do is enter a handful of details to view results in seconds.
- It rules out any errors that may creep in when you perform the calculation manually.
- With this tool, you can understand how various combinations of deposit amounts and tenors affect your investment’s outcome.
 With so many advantages on offer, be sure to calculate your return on investment before you sign up for an FD. Once you do, invest in a Bajaj Finance Fixed Deposit in a matter of moments by applying online.