Calculate FD Interest Rates & Maturity Amount in 2022

FDs come with varying tenors and allow you to target your investment goals without taking any risks. As the interest gets compounded periodically, you can use the compound interest formula to calculate the FD returns.

However, the calculations associated with the manual formula can be avoided totally by using an

FDs come with varying tenors and allow you to target your investment goals without taking any risks. As the interest gets compounded periodically, you can use the compound interest formula to calculate the FD returns.

However, the calculations associated with the manual formula can be avoided totally by using an FD return calculator. This calculator predicts the maturity amount and the interest accurately as per the values of amount and tenor that you provide to it. In case you choose non-cumulative FDs, the interest payouts will be shown by the fixed deposit compound interest calculator. ,

When you deposit your savings in an FD, the FD interest rate varies as per the tenor. Also, the FD rates will depend on the bank or financial institutions you open an FD account with. Currently, banks are not offering high interest rates but corporate FDs such as Bajaj Finance FD can help you earn higher returns at maturity. It is because Bajaj Finance FD comes with a high interest rate of up to 7.05%. Senior citizens get the additional interest rate of 0.25%. Here are some of the points that you must remember while investing in this FD scheme:

Flexible Tenor 

With Bajaj Finance FD, you can attain your short and long term financial goals without much issues. The flexible tenor spanning from 12 to 60 months lets you pick an investment term as per your financial strategies. You also have the added advantage of investing in multiple FDs with one cheque. With this advantage, you can ladder your FDs seamlessly to meet your future liquidity requirements. 

Online FD investment 

Managing time from your busy schedule to complete the investment formalities is no longer required as Bajaj Finance FD gives you the option of investing online. The online FD form lets you open the FD account easily. The investment process is totally online as even online payment, and CKYC documentation verification process are available on its portal.

You can also set an auto renewal instruction while filling the FD form. It will enable you to compound the returns by investing the maturity amount automatically. 

Higher returns 

The returns offered by Bajaj Finance FD are much higher owing to the high interest rates applicable across the investment tenor. For example, if you are planning to invest Rs. 50,00,000 after retirement in a bank FD for 5 years, you will only get an interest rate up to 5.5%. On the other hand, Bajaj Finance FD will generate much higher returns by offering an interest rate of up to 7.05%. The below table will shed more insights on the difference between these two instruments:

Along with high returns, you also get the investment stability which is essential to keep you financially secure during an unprecedented global or national crisis. The high credit ratings given by CRISIL and ICRA define the high stability and safety offered by Bajaj Finance FD to its investors.

Calculating FD returns is possible via the compound interest formula. However, to avoid mistakes, you should use an FD calculator that is available on the portal of FD providers. Also, you must invest in an FD scheme like Bajaj Finance FD that offers a high interest rate along with the stability of returns and flexibility in terms of selecting the investment term. 

The multi-deposit facility helps you to cover your liquidity requirements by laddering FDs and the online FD procedure makes it easy to invest in this FD scheme. Altogether, it is a wonderful instrument to park your savings as it provides a stable means to grow your savings quickly. 

This calculator predicts the maturity amount and the interest accurately as per the values of amount and tenor that you provide to it. In case you choose non-cumulative FDs, the interest payouts will be shown by the fixed deposit compound interest calculator. 

When you deposit your savings in an FD, the FD interest rate varies as per the tenor. Also, the FD rates will depend on the bank or financial institutions you open an FD account with. Currently, banks are not offering high interest rates but corporate FDs such as Bajaj Finance FD can help you earn higher returns at maturity. It is because Bajaj Finance FD comes with a high interest rate of up to 7.05%. Senior citizens get the additional interest rate of 0.25%. Here are some of the points that you must remember while investing in this FD scheme:

Flexible Tenor 

With Bajaj Finance FD, you can attain your short and long term financial goals without much issues. The flexible tenor spanning from 12 to 60 months lets you pick an investment term as per your financial strategies. You also have the added advantage of investing in multiple FDs with one cheque. With this advantage, you can ladder your FDs seamlessly to meet your future liquidity requirements. 

Online FD investment 

Managing time from your busy schedule to complete the investment formalities is no longer required as Bajaj Finance FD gives you the option of investing online. The online FD form lets you open the FD account easily. The investment process is totally online as even online payment, and CKYC documentation verification process are available on its portal.

You can also set an auto renewal instruction while filling the FD form. It will enable you to compound the returns by investing the maturity amount automatically. 

Higher returns 

The returns offered by Bajaj Finance FD are much higher owing to the high interest rates applicable across the investment tenor. For example, if you are planning to invest Rs. 50,00,000 after retirement in a bank FD for 5 years, you will only get an interest rate up to 5.5%. On the other hand, Bajaj Finance FD will generate much higher returns by offering an interest rate of up to 7.05%. The below table will shed more insights on the difference between these two instruments:

Along with high returns, you also get the investment stability which is essential to keep you financially secure during an unprecedented global or national crisis. The high credit ratings given by CRISIL and ICRA define the high stability and safety offered by Bajaj Finance FD to its investors.

Calculating FD returns is possible via the compound interest formula. However, to avoid mistakes, you should use an FD calculator that is available on the portal of FD providers. Also, you must invest in an FD scheme like Bajaj Finance FD that offers a high interest rate along with the stability of returns and flexibility in terms of selecting the investment term. 

The multi-deposit facility helps you to cover your liquidity requirements by laddering FDs and the online FD procedure makes it easy to invest in this FD scheme. Altogether, it is a wonderful instrument to park your savings as it provides a stable means to grow your savings quickly.