Bajaj Finance Fixed Deposit (FD) Interest Calculator

Fixed Deposits are among the most popular instruments to secure the financial future of individuals and their families. They offer utmost fund safety coupled with a guaranteed interest yield depending on the tenure. It is, therefore, ideally suited to achieve mid and long-term financial goals. Apart from the banks offering products in the Fixed Deposit range, Bajaj Finance has acquired a niche clientele in the retail financial business, covering Fixed Deposit products in the cumulative and non-cumulative categories.

Read more
Best Investment Options
  • Save upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns+
+91
Secure
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
Bajaj Finance FD Calculator

Total Investment

₹500 ₹30L
Enter Total Investment

Rate of Interest (Yearly)

1% 15%
Rate of Interest (Yearly)

Time Period

1 Year 15 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount

The Bajaj Finance FD Calculator is a valuable tool to assist investors in estimating the yield on investment for a specific tenure.

Bajaj Finance is an NBFC operating out of its headquarters in Pune, offering a wide range of financial services. While using the Bajaj FD Calculator, the investor must remember that. It provides the most attractive interest rates, usually higher than the traditional banks.

How Can Bajaj Finance Fixed Deposit Calculator Help?

Investing in a suitable Fixed Deposit to build a corpus in harmony with the planned financial goals has never been easier. The Bajaj Finance FD Calculator does the spadework to project the future financials of the proposed investment in any Bajaj Finserv products. It is not out of place to mention that Bajaj FDs offer a tenure range from one year to a maximum of five years, both cumulative and non-cumulative types. With a few essential inputs, the Bajaj Finance FD Calculator displays the applied interest rate, total interest accrued, and the maturity sum. These figures are critical to financial and tax planning. As the future financials for investment is known in advance, it helps in chalking out a strategy to achieve life goals. No wonder the millennial generation makes liberal use of the digital tool to make an informed choice regarding investments.

How Does the Bajaj Finance FD Calculator Work?

As already stated, the Bajaj Finance FD Calculator is a free online service available at the company’s official portal and several aggregators. The primary inputs for the calculator to optimally display financial results instantaneously and accurately are the customer type, amount of investment, applicable interest rate, and tenure.  On entering the information, the outcome is displayed on the monitor, which forms the basis for a decisive investment.

In this context, it is imperative to recall the fundamental features of the FD products on offer. The two primary types reckoned by the Bajaj FD Calculator are cumulative and non-cumulative. While the interest rate is compounded annually in the former, a discounted rate is applied in the latter. Cumulative Deposit is payable upon maturity, while the non-cumulative interest accrued is paid periodically per agreed terms. Senior Citizens and online purchasers enjoy a preferential interest rate of 0.25% and 0.10% over the regular rate. All these factors are reckoned to compute the Bajaj FD Calculator’s outcome.

*Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Simple Interest vs. Compound Interest

The primary characteristic of any Fixed Deposit is that a sum of money is kept invested for specific tenure to receive interest yield on it at tenure-determined rates. The two systems of interest application in Fixed Deposit are the simple interest and the compound interest. Computing the interest quantum using the Bajaj FD Calculator is distinctly different in the two. Let us check out how:

Simple Interest

It is a straightforward approach to interest calculation where the constant principal amount is reckoned. It essentially means that the accrued interest remains the same on every interest application, provided the interval is uniform. This system primarily comes into play only in the non-cumulative category. The formula to derive the interest is described below.

Interest = Principal x Tenure x Interest Rate / 100 or (PTR/100).

Compound Interest

Compared to simple interest, compound interest is far more complex. However, a simplified version in a layperson’s terms compound interest is derived when accrued interest is reckoned for interest application in the next cycle. It essentially means that the interest is applied to the principal’s sum and interest accrued previously. The Bajaj FD Calculator uses the following formula for computing the end result.

Final Maturity Sum = Principal (1 + Rate/ Number of times) ^ Number of times x Tenor { MS = P( 1 + R/N)^N x T}

After gaining sufficient clarity upon the interest systems in vogue, it is time to check the actual interest rates offered by the company.

Allahabad Bank FD Interest Rates

Allahabad Bank FD Interest Rates

Andhra Bank FD Interest Rates

Andhra Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

Axis Bank FD Rates

Axis Bank FD Rates

Bajaj Finance FD Interest Rates

Bajaj Finance FD Interest Rates

Bandhan Bank FD Interest Rates

Bandhan Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of India FD Interest Rates

Bank of India FD Interest Rates

Bank of Maharashtra FD Interest Rates

Bank of Maharashtra FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

Canara Bank FD Interest Rates

Canara Bank FD Interest Rates

Capital Small Finance Bank FD Interest Rates

Capital Small Finance Bank FD Interest Rates

Central Bank of India FD Interest Rates

Central Bank of India FD Interest Rates

Citibank FD Interest Rates

Citibank FD Interest Rates

City Union Bank FD Interest Rates

City Union Bank FD Interest Rates

Corporation Bank FD Interest Rates

Corporation Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

DBS Bank FD Interest Rates

DBS Bank FD Interest Rates

Dena Bank FD Interest Rates

Dena Bank FD Interest Rates

Dhanlaxmi Bank FD Interest Rates

Dhanlaxmi Bank FD Interest Rates

Equitas Small Finance Bank FD Interest Rates

Equitas Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

HDFC Bank FD Interest Rates

HDFC Bank FD Interest Rates

HSBC FD Interest Rates

HSBC FD Interest Rates

ICICI Bank FD Interest Rates

ICICI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDFC First Bank FD Interest Rates

IDFC First Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

IndusInd Bank FD Interest Rates

IndusInd Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Muthoot Capital

Muthoot Capital

Nainital Bank FD Interest Rates

Nainital Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

PNB FD Interest Rates

PNB FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

RBL Bank FD Rates

RBL Bank FD Rates

Saurashtra Gramin Bank FD Interest Rates

Saurashtra Gramin Bank FD Interest Rates

SBI FD Interest Rates

SBI FD Interest Rates

Shriram Finance FD Interest Rates

Shriram Finance FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Travancore FD Interest Rates

State Bank of Travancore FD Interest Rates

Syndicate Bank FD Interest Rates

Syndicate Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

UCO Bank FD Interest Rates

UCO Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Union Bank of India FD Interest Rates

Union Bank of India FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Yes Bank FD Interest Rates

Yes Bank FD Interest Rates

Expand

Regular Customers - Interest  Rates from 12/05/2022 for deposits up to Rs.5 cr

Regular Customers - Interest  Rates from 12/05/2022 for deposits up to Rs.5 cr
Tenor in Months Cumulative Non-Cumulative
Monthly Quarterly Half-Yearly Yearly
12 to 23 5.65 5.50 5.53 5.57 5.65
24 to 35 6.10 5.93 5.96 6.01 6.20
36 to 60 6.50 6.31 6.34 6.39 6.60

Online Purchase -  Interest  Rates from 12/05/2022 for deposits up to Rs.5 cr
Tenor in Months Cumulative Non-Cumulative
Monthly Quarterly Half-Yearly Yearly
12 to 23 5.75 5.60 5.63 5.67 5.75
24 to 35 6.20 6.03 6.06 6.11 6.30
36 to 60 6.60 6.41 6.44 6.49 6.60

Senior Citizens -  Interest  Rates from 12/05/2022 for deposits up to Rs.5 cr
Tenor in Months Cumulative Non-Cumulative
Monthly Quarterly Half-Yearly Yearly
12 to 23 5.90 5.75 5.77 5.82 5.90
24 to 35 6.35 6.17 6.20 6.25 6.35
36 to 60 6.75 6.55 6.59 6.64 6.75

Systematic Deposit -  Interest  Rates w.e.f 12/05/2022 for deposits up to Rs.5 cr
Tenor in Months Cumulative Rates of Interest
Special Category
Senior Citizens Online Customer
12 to 23 5.90 5.75
24 to 35 6.35 6.20
36 to 60 6.75 6.60

The stand-out feature from the above grids is that the Bajaj FD Calculator has to factor in only a few interest rates as they are simplified and clubbed across tenors. Additionally, the company does not offer short-term deposits, which have tenors described in days. All banks offer preferential interest rates to Senior Citizens, but an additional 0.10% rate is provided for online purchases. It encourages the investors to embrace the digital platform for every need, making the processes genuinely paperless.

FD interest have fallen consistently over the last 5 years.
Invest in Plans that offer Guaranteed Returns for over 25 Years
Know More

How to Use PolicyBazaar Bajaj Finance Fixed Deposit Calculator?

Using the Bajaj FD Calculator has many advantages over the manual mode. It acts as the precursor to an online investment to support the envisaged paperless environment. It is also heartening to note that the investor is rewarded with a higher interest rate application. With such redeeming features, the Bajaj Finance FD Calculator turns out to be a versatile, user-friendly tool.  The facility is available at the company portal, and several aggregators like PolicyBazaar offer their calculator services.

The inputs are straightforward and essential so that the end result is accurate. In the company portal, the necessary information is the type of customer, including online purchaser and Senior Citizen, nature of Fixed Deposit – cumulative or non-cumulative, the applicable interest rate, proposed investment amount, and the Deposit Tenor.  The following information is displayed instantly:

  • Interest Rate

  • Accrued Interest Amount

  • Maturity Date

  • Maturity Sum

The only difference with the PolicyBazaar Bajaj Finance FD Calculator is that the user has to choose the bank or the company where the proposed Fixed Deposit is destined.

Advantages of Using Bajaj Finance Fixed Deposit Calculator

The Bajaj Finance FD Calculator is a handy online tool explicitly designed to aid the investor in foreseeing the investment financials in the future in advance. The calculator offers enough scope to try different combinations to develop a suitable product matching individual needs. The inherent advantages of the Bajaj FD Calculator are:

  • The multi-faceted online tool is readily available at the company’s official portal and several aggregators for use anytime, anywhere.

  • It is user-friendly and simple to use, with only a few essential inputs to derive the desired results.

  • It is fast and accurate, saving the user from indulging in tedious calculations which may not be error-free.

  • The service is provided free from any charges, and there is no bar on the number of times it is used.

  • The investor uses the end result information for multiple purposes, the primary among them being customizing the Fixed Deposit.

  • The interest accrual amount is subject to tax liability under the extant laws covered by the Income Tax Act, 1961.

  • The investor can chalk out a strategy to manage the financials more fruitfully.

*Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

FAQs

  • Q1. How is the interest calculated in the Bajaj FD Calculator?

    A1. Generally, the interest applied in the non-cumulative deposits is simple, whereas it is compound in cumulative deposits.

  • Q2. What is the compounding principle in the Bajaj FD Calculator?

    A2. The interest is compounded by the Bajaj FD Calculator annually, and the cumulative sum becomes payable only on maturity.

  • Q3. What tax provisions must the investor consider while using the Bajaj FD Calculator?

    A3.One of the significant components of the outcome is the interest-earning made on the investment, subject to extant income tax laws under the Income Tax Act, 1961.  The advanced knowledge about tax liability enables efficient tax planning.

  • Q4. Is the investor entitled to a loan against the Fixed Deposit?

    A4.The investor can avail of a loan up to 75% of the invested amount in cumulative Fixed Deposit and 60% of the invested amount in the non-cumulative Fixed Deposit. An online loan against Fixed Deposit is also available to the investor up to a maximum amount of Rs.4 lacs.

  • Q5. Who are the eligible investors entitled to use the Bajaj FD Calculator?

    A5.The eligible investors who can benefit by using the Bajaj FD Calculator are:

    • Resident Individuals
    • HUF (Hindu Undivided Family)
    • Sole Proprietorship Enterprises
    • Partnership firms
    • Companies
    • Clubs, Societies, and Associations
    • Family Trusts

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

FD Rates articles

Recent Articles
Popular Articles
BOI Current Deposits Plus Scheme

10 Jun 2024

The BOI Current Deposits Plus Scheme is a unique option for
Read more
BOI Capital Gains Account Scheme

10 Jun 2024

The Capital Gains Account Scheme, 1988, offered by the Bank of
Read more
BOI Star Flexi Recurring Deposit

10 Jun 2024

The BOI Star Flexi Recurring Deposit, offered by the Bank of
Read more
BOI MACAD - Star Motor Accidental Claimant Annuity Deposit

10 Jun 2024

BOI MACAD is a scheme by the Bank of India to handle
Read more
Bank Of India Super Special Deposit Account - Star Super Special Deposit Account

10 Jun 2024

The BOI Super Special Deposit Account, also known as the Star
Read more
Application for Withdrawal of Fixed Deposit
Fixed Deposits are the safest investment instruments. You invest the amount of your choice as the fixed deposit
Read more
Which Bank has the Highest Interest Rate for Fixed Deposit?
The Small Finance Banks offer the highest FD interest rates for a tenure between 7 days to 10 years. Unity Small
Read more
SBI Fixed Deposit Monthly Income Scheme
Fixed deposits are the safest investment vehicles for Indian financial planners. You can open a fixed deposit
Read more
SBI Fixed Deposit Double Scheme
The SBI Fixed Deposit Double Scheme is named Special Term Deposit to cater to investors looking to double their
Read more
Nominee Vs Legal Heirs for Fixed Deposits
Fixed deposits are a popular investment option for individuals who wish to earn a stable rate of interest on
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL