FD Calculator: An Online Fixed Deposit Interest Rate Calculator

A fixed deposit is a financial instrument that provides decent returns along with flexibility in terms of investment methods and liquidity. As its interest rates are independent of economic fluctuations, you can easily predict the FD returns. 

For providing easy interest to investors, most financiers provide an FD calculator on their websites these days. You can use it to check other parameters like FD tenor, interest rates, and minimum and maximum deposit range as well. 

For determining returns and interest gains by using an FD calculator, you can adhere to the following steps:

Step 1: Initially, you will need to pick a customer category to which you belong to. For instance, if your age is above 60, then you will need to choose the category of ‘senior citizen’.

Step 2: After picking your customer category, you will need to enter some basic values like deposit amount, FD tenor, etc. Once you choose these values the calculator will ask you to pick either of the FD types i.e. cumulative or non-cumulative FD. 

Step 3: Now, you can press the ‘Calculate’ button and the fixed deposit calculator will show the returns and interest gains automatically. 

The fixed deposit return calculator enables you to calculate the returns without messing things up. Since it uses a computerized program, it does not make any errors while calculating the maturity value. 

However, an FD calculator will just calculate the returns precisely. For gaining substantial returns, you will have to deposit your funds at a high FD rate. As the bank FD rates are not offering interest rates sufficient enough to earn surplus returns, you can explore other options in the financial market. You can even use an FD calculator to compare FD rates and tenor ranges offered by various banks and finance firms. 

Currently, Bajaj Finance offers an interest rate of up to 6.85%. It is high enough to provide sufficient returns at maturity. Some other benefits of investing in its FD plans are listed below:

Laddering investments 

A wise strategy to minimize risks would be to split your corpus and invest the smaller chunks into FDs of different types and tenors. A provision called a multi-deposit facility is provided by Bajaj Finance. It helps you to invest in multiple FDs seamlessly and as you can pick a tenor between 12 and 60 for each of your deposits, you can ladder your investments smoothly. 

The steady growth of investment 

Bajaj Finance FD provides steady growth for your invested amount as compared to other fixed-income instruments like RDs, SCSS, PPF, etc. Also, the choice of selecting a shorter tenor enables you to use it for meeting your immediate fund requirements. 

Moreover, the flexibility of withdrawing deposits without any complications and the option of choosing from monthly, quarterly, six-monthly, and yearly interest payouts by investing in its non-cumulative FDs allow you to use it to cover a sudden financial crisis and manage your expenses seamlessly. 


With the highest credit ratings given by reputed credit rating organizations like CRISIL and ICRA, Bajaj Finance FD is one of the safest avenues to park your savings. You can opt for the online investment option by using its online FD form because it will give you a 0.10% extra FD rate. Senior citizens get a 0.25% additional interest rate and they can use it to earn better returns.

Fixed deposits are ideal for growing your investments steadily without caring about market risks. For calculating FD returns accurately, you can use an FD calculator. It helps you to compare FD rates across various financiers as well. Currently, Bajaj Finance FD interest rate of 6.85% is the highest in the market. Apart from providing enough returns, it also provides the flexibility of choosing a tenor from 12 to 60 months. Moreover, its multi-deposit facility enables you to ladder your deposits conveniently. You can withdraw your deposits easily in times of crisis and the periodic interest payouts provided by its non-cumulative FDs enable you to manage your expenses as well.


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.

Next Post

Benefits Of Basement Waterproofing

Tue Dec 15 , 2020
The main component in any building is concrete; you can construct anything with concrete. Moreover, concrete is low cost, exceptionally durable along with zero maintenance. You might have seen a century-old building made of concrete still standing tall. On the other hand, the worst enemy of concrete is moisture; concrete […]
Basement Waterproofing

Chief Editor

Johny Watshon

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur

Quick Links