Fixed Deposit Maturity and Fixed Deposit Maturity Calculator


If you are looking for an investment option that assures the safety of your investments even when the economy is going through ups and downs, then you should think of investing in a fixed deposit. 

This is because the FD interest rates remain fixed throughout the tenor. Due to the same reason, you can also predict the maturity value of your FD before investing. The interest of a fixed deposit is calculated as per the FD calculation formula given below: 

A= P (1+r/n) ^ n*t


A is the final maturity value

P is the invested amount

r is the interest rate

t is the tenor 

n is the frequency of compounding  

However, calculating the maturity value and interest with the help of this formula can be a tedious task. For calculating the returns in a hassle-free way, you can use an FD calculator. An FD return calculator is an online tool that lets you know the returns as per your submitted amount and tenor. 

Since the calculation is completely automatic, the chances of manual errors get nullified. Many banks and NBFCs offer this facility these days and this enables you to compare their plans without much effort.

How to check interest rates and returns with the FD calculator?

For using an FD calculator to check maturity value and returns, you simply have to provide some basic details like amount, tenor, your customer type, FD type you are interested in i.e. whether you want to invest in cumulative or non-cumulative deposit, etc. 

Choosing the appropriate FD type and customer category is also crucial because the interest rates also vary accordingly. 

For example, Bajaj Finance offers a 0.25% extra interest rate to senior citizens; and if a senior citizen fails to choose the category properly then he/she will not be able to calculate the returns correctly.

After providing the correct values and selecting the correct FD type and category, the calculator will display your interest earnings and final maturity value instantly. 

This will save your time and effort and you will be able to plan your finances accordingly. Let’s say you are looking to invest in a non-cumulative FD to earn a regular interest payout then the FD calculator will show the available options. 

Bajaj Finance offers the option of both cumulative FD and non-cumulative FD. Also, its fixed deposit return calculator reflects the returns of both the FD type simultaneously to assist you in making a wiser and quicker decision. 

Moreover, you have option for choosing amongst monthly, quarterly, six-monthly, and yearly interest payouts so you can select an interest payout that as per your financial needs. 

Investing in these FDs can be a smart choice as the interest rate up to 7.35% is provided which is much higher than bank FD rates (currently in the range of 4%-6%). Also, you get the flexibility of setting a tenor between 12 and 60 months for your deposits. 

These fixed deposit plans are safe as they secure your invested capital and this is confirmed by the high stability ratings provided to them by credit rating organizations like ICRA and CRISIL.

A fixed deposit allows you to grow your investments without subjecting them to changing economic conditions. To find the fixed deposit plans that suit your requirements, you can use an FD calculator. It is an online tool that calculates the returns based on inputs like FD tenor, amount, customer category, etc. To ensure better returns you can invest in a Bajaj Finance FD that offers higher FD interest rates up to 7.35%. Also, you get a 0.10% additional FD rate on opening an FD with the help of an online FD form. These deposits are safe as they have received high ratings from CRISIL and ICRA. You can avail periodic interest payout option with a non-cumulative FD plan from Bajaj Finance, whereas the cumulative FD plan will allow you to utilize the power of compounding to multiply your returns. 

Author Bio:

Gaurav Khanna is an experienced financial advisor, digital marketer, and writer who is well known for his ability to predict market trends. Check out his blog at Highlight Story.


Please enter your comment!
Please enter your name here