 # FD Calculator: Calculate FD Interest Rates and Maturity Amount 2019

Before investing, you must know the amount that you are supposed to get upon the maturity of your investment. It is essential because it assists you in planning your finances and help you in building a robust investment portfolio. To earn good returns without being associated with market risks, many people prefer to invest in fixed deposits. Most banks and NBFCs provide an Online Fixed Deposit Calculator to make it easy for investors to calculate and predict their returns.

## How can investors calculate their returns precisely if they invest in fixed deposits?

It is difficult to predict the returns with mutual funds as it depends on the economic conditions and market performance. If you invest in an equity market your expected returns change every day and you have to calculate them with the help of a daily index consisting of daily prices that need to be multiplied with the total number of shares that you are holding currently. Then you will have to subtract the initial value of shares from this amount to calculate your final earnings.

Once you invest in a fixed deposit, the interest rate does not change throughout the tenor. The final maturity amount depends on the interest rates and frequency of interest payouts. Therefore, it is easy to calculate the returns with the help of the interest rate formula or an online FD calculator. Let us look at the methods to calculate the maturity amount of an FD:

### With the help of formula

You can calculate the maturity amount of an FD with the help of this formula:

M = P (1 + r/n) ^ (nt)

Where;

• M will be the final maturity amount
• P will be the principal amount that you have invested
• r will be the FD interest rate
• n denotes the number of times the interest will be compounded, and t is your FD tenor.

### With the help of an FD calculator

It is convenient to calculate the interest and maturity amount with the help of a fixed deposit calculator. You will have to enter certain values like the amount that you will be investing, FD tenor, etc. and the FD calculator will do the rest of the calculation by itself.

For example, you can use the online FD calculator on the Bajaj Finserv website which is a user-friendly tool. Let us see how to use it:

• Step 1: Firstly, you will have to choose whether you are a senior citizen, new customer, existing customer or Bajaj employee as the interest rate that you are eligible for will depend on your customer category.
• Step 2: Now, choose whether you want to invest in cumulative or non-cumulative FD.
• Step 3: After that, you only need to select the principal amount and tenor and the calculator will calculate the final maturity amount automatically.

The fixed deposit interest rates offered by Bajaj Finance FD are as per the table below:

 Interest rates Tenor (in Months) Minimum deposit (in Rs.) Cumulative Non-Cumulative Monthly Quarterly Half Yearly Annual 12 – 23 25,000 8.00% 7.72% 7.77% 7.85% 8.00% 24 – 35 8.05% 7.77% 7.82% 7.89% 8.05% 36 – 60 8.35% 8.05% 8.10% 8.18% 8.35%

Suppose you invest Rs. 1, 00,000 for 5 years. If you choose to invest in Bajaj Finance FD, then you will get interest rate and returns as per the below table:

 Type of Customer Rate of Interest Interest earned at maturity Final maturity amount New customer 8.35% Rs. 49,329 Rs. 1,49,329 Bajaj Employee 8.45% Rs. 50,020 Rs. 1,50,020 Existing customer 8.45% Rs. 50,020 Rs. 1,50,020 Senior citizens 8.70% Rs. 51,757 Rs. 1,51,757

Thus, you can see that you can grow your investment by up to 50% with Bajaj Finance FD with a tenor of 5 years. These deposits are also highly rated with CRISIL’s FAAA/stable rating and ICRA’s MAAA/stable ratings. Therefore, along with the highest Fixed Deposit interest rate, you also secure your savings by choosing these fixed deposits.

You also have the flexibility of choosing tenor and opting for periodic interest payouts as per your needs. With more than 2, 50,000 customers and with an FD book size of over 16,000 crores, Bajaj Finance has won the trust of its customers. The online FD calculator provides convenience to the customers and assists their financial planning as well. You can secure your future and earn surplus returns by investing your savings in Bajaj Finance FD.