Advantages of using Bajaj Finance FD calculator

Bajaj Finance FD calculator

Advantages of using Bajaj Finance FD calculator

Saving money and investing it in instruments that provide sufficient returns could be one of the top priorities of your life. In the quest to seek better investment tools, strategies, and types of investment, you should not neglect the opportunities that are already prevailing in the market.

For example, Bajaj Finance FD calculator has been helping investors to maximize their earnings for quite some time. It has been doing so by providing accurate predictions regarding FD returns that can help you to plan your finances without any issues. Some of the other benefits of using this FD calculator online are given below:

Helps decide the better FD type

You might be interested in investing in Bajaj Finance FD due to the multiple interest payout options it offers on depositing in a non-cumulative FD. Or else, you would be thinking of accumulating a huge corpus for your post-retirement plans by investing in the cumulative FD.

Bajaj Finance FD calculator will help you to determine the better option for achieving your financial aims by calculating the interest and interest payout options of both cumulative and non-cumulative respectively and showing them at once. This means that you will see two results for the same amount and tenor one which will comprise the interest and returns offered by a cumulative FD whereas the other will show the interest payout options and respective amounts offered by a non-cumulative FD.

Makes your financial decisions accurate

If you want to reach a certain financial milestone in your life, Bajaj Finance FD calculator might help you achieve that smoothly. This is possible because of the higher FD interest rate offered by Bajaj Finance FD that goes higher up to 6.75%. Also, the accurate predictions of this FD calculator in terms of interest payouts, interest gains, and maturity amount will help you meet your financial goals without any confusion.

Assists your finances

You may not be able to figure out the exact tenor and amount that you should invest to take care of your finances. For example, if you want to earn a monthly income through Bajaj Finance FD, you might not be able to gauge the deposit amount and tenor that can help you earn an amount that can help mitigate your financial requirements.

Suppose that you decide to invest Rs. 30,00,000 in a non-cumulative Bajaj Finance FD for earning a monthly interest. The below table shows the monthly interest that you will be earning on picking a tenor of 2 and 3 years respectively:

TenorInterest RateMonthly Interest Payout
2 years6.17%Rs. 15425
3 years6.55%Rs. 16,375

Apart from the monthly interest payout, the option of withdrawing the interest after every 3, 6, and 12 months is also offered by Bajaj Finance FD. You can use the FD calculator online to find the interest payout options that the combination of other deposit amounts and tenors can provide.

Also, in case you invest in multiple fixed deposit plans through the multi-deposit feature offered by Bajaj Finance FD, you can predict the returns of each deposit after maturity by using this FD calculator. It may also assist your investment plans by allowing you to pick the tenor and FD type that are suitable according to your investment strategies.

Interest rates offered across different categories

By investing in Bajaj Finance FD through an online FD form, you will get a 0.10% excess FD interest rate over others. If your age is above 60, you will get a 0.25% higher interest rate than non-seniors. To find the impact of this higher FD rate on your returns you can utilize the Bajaj Finance FD calculator.

Investing in Bajaj Finance FD is a smart decision because as per the credit rating organizations like ICRA and CRISIL, it is a safe instrument. The features like loans against deposits make it easy for you to utilize your investment as a contingency fund during a crisis.

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.

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