How To Leverage The Bajaj Finance FD Calculator To Increase Your Earnings

Fixed deposits are reliable investment options offering you secured returns. However, it is important to estimate your returns before you finalise key terms such as the tenor. Improper planning can lead to poor returns, but you can avoid unfavourable results by using an FD calculator. 

This useful tool is entirely digital and simplifies the process of calculating your returns. In fact, the Bajaj Finance FD calculator is an efficient online tool that helps compute your interest earnings seamlessly.

Read on to learn more about the Bajaj Finance FD calculator and how it can help you grow your corpus.

How the Bajaj Finance FD Calculator Works

Using the Bajaj Finance FD calculator is a hassle-free process. It helps determine your fixed deposit’s applicable interest rate and maturity amount at a chosen tenor. 

The Bajaj Finance FD calculator works based on four crucial factors to estimate your earnings:

• The amount you invest
• The rate of interest applicable as per your investor profile
• The duration or the tenure
• The type of fixed deposit you choose, be it cumulative or non-cumulative

Your investment amount and the interest rate determines how much you can earn on your FD. Simply put, the more you invest, the more you earn and the higher the interest rate, the higher the returns. 

Tenure also plays a key role in maximising your earnings. You must pick a timeline that offers you attractive interest rates to grow your wealth. While a longer tenure usually helps you earn a higher rate, look out for special tenors. 

Bajaj Finance offers higher FD rates for such tenors. For instance, if you invest for a special tenor of 44 months, you can earn up to 7.95% p.a.

The final factor that affects your payout is the type of FD you choose, cumulative or non-cumulative. When you select a cumulative FD, your interest gets compounded as it is paid to you only at maturity (or when the tenure ends) along with the invested amount. 

On choosing a non-cumulative option, you get interest payouts at specified intervals, such as monthly, bi-annually or more. As you can understand, cumulative FDs come with a higher FD interest. 

Considering these factors, the Bajaj Finance FD calculator computes your earnings and helps you understand which tenor can give you the best rates.

How to Use the Bajaj Finance FD Calculator

Follow the steps mentioned below to use the Bajaj Finance FD calculator easily. 

• Step 1: Select your customer type as senior citizen or below 60 years of age
• Step 2: Fill in the amount you choose to invest
• Step 3: Select the payout type as ‘at maturity’ or monthly, quarterly, or half-yearly options
• Step 4: Use the slider to decide the tenor

Once you do this, you get the maturity amount, applicable interest rate, and interest earnings within seconds. You can then tweak the parameters and zero in on a tenor and interest rate that best suits your requirements. 

Calculate your earnings easily and in a matter of seconds

Assessing your interest earnings using an FD calculator is instant, easy and accurate. For a better understanding, consider an investment of Rs.7 Lakhs for 44 months with returns at maturity.

Disclaimer: These rates have been calculated using the Bajaj Finance FD calculator

Consider the same investment of Rs.7 Lakhs for 43 months with payout at maturity. 

Disclaimer: These rates have been calculated using the Bajaj Finance FD calculator

Comparing the two tables, you can understand the difference in choosing a regular versus a special tenor. Look at the table below for a quick recap on choosing different tenors.

This way, you can compare tenors and rates using the Bajaj Finance FD calculator. This is a great way to plan your investment efficiently and maximise your returns.

Enjoy the benefits of using an FD calculator

The Bajaj Finance FD calculator helps you make smart decisions when investing in an FD. You can change tenors and choose interest rates to generate maximum earnings. 

Depending on your requirement, you can opt for cumulative or non-cumulative payout options. For instance, if you are a senior citizen looking for regular returns, you can choose a non-cumulative option. This way, you can manage your monthly expenses with regular payouts. 

You can access the Bajaj Finance FD calculator online any number of times. This user-friendly online tool provides accurate results, and so, there is no need of doing tedious calculations manually. 

Now that you know the pros of using an FD calculator, ensure to use it before booking an FD. This way, you can get the best interest rates from the issuers and reliably accumulate wealth.