The Bajaj Finance FD calculator is an online tool that estimates the maturity amount and interest payout of your Bajaj Finance FD. Fixed deposits provide a secure way to grow your investments. Bajaj Finance FDs are known for their competitive interest rates, attracting investors looking for reliable and safe returns.
Let’s understand how the Bajaj Finance FD Calculator works and how it can simplify your investment planning.
Result
What is the Bajaj Finance FD Calculator?
When you invest in Bajaj Finance FD, your deposited amount earns interest over time, steadily growing your savings. However, manually calculating your returns can be a time-consuming task. This is where the Bajaj Finance FD calculator comes into play. Simply input details such as your investment amount, tenure and compounding period into this online tool to get your estimated returns.
Bajaj Finance FDs have a minimum deposit requirement of just INR 15,000 and they offer competitive interest rates of up to 8.60% per annum. These FDs also provide flexibility in interest payouts, with options for monthly, quarterly, half-yearly, or annual payouts.
With the help of the Bajaj Finance FD rates calculator, managing your FD investments becomes a stress-free and straightforward process.
How Does the Bajaj Finance FD Calculator Work?
Using the FD calculator by Bajaj Finance is a straightforward process, consisting of the following steps:
- Choose Your Customer Type: First, you have to select your customer type, either below the age of 60 years or a senior citizen.
- Enter Investment Amount: Submit the amount you wish to invest, or use the slider to adjust the investment amount according to your preferences.
- Select Tenure: Determine the tenure for your fixed deposit by entering it directly or using the slider.
- Payout Mode: Decide how you want your interest to be paid out—options include maturity, monthly, quarterly, half-yearly, or yearly payouts.
After entering these details, the Bajaj Finance FD rates calculator will quickly display essential information, including the applicable interest rate, interest earned, and the maturity amount you can anticipate.
What are the Advantages of Using Bajaj Finance FD Calculator?
Using a Bajaj Finance FD calculator offers several key advantages:
- Accuracy: Bajaj Finance FD calculators are known for their precision. They use advanced algorithms to calculate interest earnings, factoring in variables like deposit amount, tenure, and interest rate.
- Time-saving: These calculators deliver quick results, allowing you to compute your fixed deposit interest in a matter of seconds.
- Effective Planning: By forecasting your maturity amount based on tenure, investment amount, and interest rates, the calculator aids in financial planning.
- Understanding Your Returns: You can calculate your exact returns, evaluate monthly interest income (for non-cumulative FDs), and assess the impact of different tenures on your interest payouts.
What are the Bajaj Finance FD Rates for Non-Senior Citizens?
With Bajaj Finance FDs, investors can reap the benefits of competitive returns, with interest rates ranging up to 8.60% p.a. for senior citizens and up to 8.35% p.a. for those below 60 years of age. Moreover, Bajaj Finance offers special tenures of 15, 18, 22, 30, 33 and 44 months, which come with even more attractive interest rates.
Take a look at the annualised Bajaj FD rates for non-senior citizens valid for deposits up to INR 5 crores (w.e.f 10 May 2023):
Non-senior Citizens: Special Tenure
Tenure in months | Interest Payout (p.a.) | ||||
At maturity | Monthly | Quarterly | Half-yearly | Annual | |
15 | 7.45% | 7.21% | 7.25% | 7.32% | 7.45% |
18 | 7.40% | 7.16% | 7.20% | 7.27% | 7.40% |
22 | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% |
30 | 7.45% | 7.21% | 7.25% | 7.32% | 7.45% |
33 | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% |
44 | 8.35% | 8.05% | 8.10% | 8.18% | 8.35% |
Non-senior Citizens: Regular Tenure
Tenure in months | Interest Payout (p.a.) | ||||
At maturity | Monthly | Quarterly | Half-yearly | Annual | |
12 – 14 | 7.40% | 7.16% | 7.20% | 7.27% | 7.40% |
>15-23 | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% |
24 | 7.55% | 7.30% | 7.35% | 7.41% | 7.55% |
25-35 | 7.35% | 7.11% | 7.16% | 7.22% | 7.35% |
36 – 60 | 8.05% | 7.77% | 7.82% | 7.89% | 8.05% |
What are the Bajaj Finance FD Rates for Senior Citizens?
If you’re a senior citizen (above 60 years), you can benefit from an additional interest rate of up to 0.25% p.a.
Here are the annualised Bajaj FD rates for non-senior citizens valid for deposits up to INR 5 crores (w.e.f 10 May 2023):
Special Period: Senior Citizens
Tenure in months | Interest Payout (p.a.) | ||||
At maturity | Monthly | Quarterly | Half-yearly | Annual | |
15 | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% |
18 | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
22 | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% |
30 | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% |
33 | 8.00% | 7.72% | 7.77% | 7.85% | 8.00% |
44 | 8.60% | 8.28% | 8.34% | 8.42% | 8.60% |
Senior Citizens: Regular Tenure
Tenure in months | Interest Payout (p.a.) | ||||
At maturity | Monthly | Quarterly | Half-yearly | Annual | |
12 – 14 | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
>15-23 | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% |
24 | 7.80% | 7.53% | 7.58% | 7.65% | 7.80% |
25 – 35 | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% |
36 – 60 | 8.30% | 8.00% | 8.05% | 8.13% | 8.30% |
Conclusion
To sum it up, the Bajaj Finance FD calculator simplifies financial planning. It lets you estimate your maturity amount and interest earnings, providing flexibility to adjust parameters as needed. The accuracy and convenience of the Bajaj Finance FD calculator make it a valuable asset for planning your FD investments effectively.
Bajaj Finance FD Calculator : FAQs
The Bajaj Finance FD interest rate calculator assists in estimating the maturity amount and interest earned on your FD investment.
To use the Bajaj Finance FD calculator, you will need to input information such as the deposit amount, and investment tenure, and select your preferred interest payout frequency.
No, the Bajaj Finance FD rates calculator is completely free to use and can be utilised as many times as needed without any charges.
You can start a fixed deposit with Bajaj Finance with just INR 15,000.
The most attractive Bajaj FD rates for this year are provided for a 44-month tenure, offering 8.60% p.a. for senior citizens and 8.35% p.a. for regular citizens.