Fixed deposits can be your go-to investment option when you accumulate a corpus good enough to provide you sufficient returns at maturity. However, the returns also depend on the tenor and applicable FD interest rate. To find exactly how much returns an FD investment can generate at maturity, you can use an FD calculator.

An FD calculator lets you decide how much money you need to deposit and gives you a clear idea about the tenor that can fetch you maximum interest gains. It can be used to devise a smart investment plan by comparing different FD plans and it also helps you choose the plans according to your convenience.

An FD interest rates calculator can be found on the websites of most financiers i.e. banks and finance companies these days. For calculating the FD returns, you can follow the process listed below:

  • To use an FD calculator to predict your FD returns, you need to find the FD calculator first. For that, you need to visit the official website of the financier that is providing the specific fixed deposit plan.
  • Usually, there will be three fields provided in the calculator. One field will be for the principal amount and the next two fields will be for the tenor and FD type respectively. Some calculators also ask you to select your customer category before entering these values as the FD rate can be dependent on that.
  • Upon entering the required values and choosing the right customer category, you can proceed with your calculation by pressing the ‘Calculate’ button. The returns and interest earnings will be automatically shown on your monitor after that.

The above process lets you find the true worth of an FD plan even before investing in it. However, the interest rate is the key as it decides the rate at which your deposits will grow. Therefore, while using an FD calculator for comparing various FD schemes, you will naturally choose the plans that offer a higher interest rate.

If you want to deposit your corpus in a high-paying FD scheme then you can go for the Bajaj Finance FD as it is offering an interest rate of up to 7.25%. Don’t just think about interest rates as this FD scheme has much more in store for you. Let’s look at its features now:

Minimum & Maximum Tenor

Bajaj Finance FD plans let you lock-in your deposits for a minimum of 1 year and a maximum 5-year tenor. This means that you select a tenor that enables you to implement your financial plans smoothly.

Minimum Deposit Amount

A minimum of Rs. 25000 needs to be deposited to invest in the FD plans from Bajaj Finance. To select the right combination of tenor and FD minimum amount, you can use the FD calculator that is provided on its official portal.

Additional FD rates

Your investment will grow at an additional 0.10% interest rate if you invest through an online process. An online FD form along with the online document verification process lets you invest without any effort.

Also, senior citizens will be able to grow their deposits at 0.25% higher interest rates than others. This additional FD rate will help them to secure their fund requirements as they can invest a chunk of their savings in a non-cumulative FD plan from Bajaj Finance that comes with the option of monthly interest payout.

Safe option

Investing in the Bajaj Finance FD scheme is safe as your deposits will grow without any disturbance of market forces. This can be confirmed by the high credit ratings that credit rating organizations like CRISIL and ICRA have given to this FD scheme.

Before investing in a fixed deposit plan, you can determine its returns by using an FD calculator. An FD interest rates calculator will calculate the FD returns precisely and will also help you to pick an FD plan that complements your financial planning. Bajaj Finance is offering a 7.25% interest rate on its FD plans. This FD rate is high enough to generate substantial returns at maturity.

You can also benefit from the online application process, flexible tenor options, and excess FD rates that are offered to senior citizens and online investors. Moreover, it is a stable investment alternative as it has the backing of solid credit ratings given by CRISIL and ICRA.