Fixed deposits have been always the most popular investment options among investors of all risk profiles and appetites. In the current scenario when market volatility is at its peak and market-based instruments are losing their sheen, FDs have emerged as stronger investment preference than ever before.
However, given that fixed deposit rates in India vary across all FD issuers, you must know about the precise value of returns before investing. Now, how would you do that? Well, the FD interest calculator comes handy here.
An FD interest calculator is an online tool that helps you to estimate your maturity amount and interest income beforehand. It is one of the most popular tools that savvy investors use when they invest in FDs.
There are several benefits of using FD calculator online:
The first step is to find an authentic FD calculator tool such as that available on Bajaj Finance website. This way, you can ensure to get reliable results. Read the instructions carefully mentioned on the website to use this tool. When you use FD calculator online on Bajaj Finance website, you to follow just three easy steps:
After you complete these steps, the FD interest calculator will generate total interest payout, maturity date and total maturity amount. Let’s take an example here.
If a senior citizen investor wants to invest Rs. 10,00,00 for 5 years in Bajaj Finance FD today. The interest rate he will get is 7.35% which is among the highest fixed deposit rates in India currently. The FD calculator will get the following information:
Total Interest Payout | Maturity By | Total Maturity Amount |
Rs4,25,641 | October 2025 | Rs14,25,641 |
Period | Interest Rate Applicable | Interest Payout |
Monthly | 7.11 | 5,925 |
Quarterly | 7.16 | 17,900 |
Half Yearly | 7.22 | 36,100 |
Yearly | 7.35 | 73,500 |
When you get such detailed and accurate results from FD calculator online, you can also easily compare the returns across all FD issuers and choose the best FD that matches your investment expectations.
Apart from high interest rates, Bajaj Finance FD also offers various other benefits such as flexibility to choose tenors and the frequency of periodic interest payouts, loan against FD, auto-renewal, online application process, and more. It has received the highest ratings of FAAA/Stable by CRISIL and MAAA/Stable by ICRA. This means you are assured of guaranteed returns upon maturity.
In a world where the quest for eternal youth seems never-ending, the realm of anti-aging…
As a first responder, you bravely dedicate yourself to protecting your community. While safeguarding others,…
In the rapidly evolving world of artificial intelligence, Janitor AI emerges as a groundbreaking chatbot…
Companies are constantly seeking ways to understand their customers better, striving to provide impeccable service…
Introduction In the complex realm of personal finance, tax-saving investment plans emerge as crucial tools…
Sighting in a thermal sight scope is a critical step in optimizing its performance and…