How to Calculate the Maturity Amount of Fixed Deposits Online?

Predicting the returns before investing capital is important for improving your financial plans. Market-linked investments do not offer the same rate of interest throughout the tenor. Therefore, predicting accurate returns is not possible with these instruments. However, instruments like fixed deposits grow at a fixed rate of interest and facilitate easy interest calculation. The steady appreciation of capital offered by FDs can be calculated with the help of a fixed deposit calculator. 

Calculate Maturity Amount of Fixed Deposits Online

Fixed deposit calculator can be tracked down on the site of an FD provider. It accepts the values like deposit amount and tenor to calculate the interest income post tenor completion. In the case of non-cumulative FDs, it shows the options of interest payout and the generated amounts. The following steps will guide you further:

  • Step 1; Select a customer category that you can be associated with. For example, if your age is above 60, you will qualify for the category of senior citizens. 
  • Step 2: Provide values like principal amount and tenor. 
  • Step 3: Choose the FD type as per your investment preferences. 
  • Step 4: Click on the ‘Calculate’ button. 

After completing these steps, you will see the interest gains and maturity amount on the screen. Based on the returns and interest gains, determine whether the FD plan suits you or not. 

FD and RD rates in India have been reduced after the reduction in repo rate cuts. For earning higher returns, invest in an FD scheme that provides the highest rate of interest. Bajaj Finance FD is offering the highest FD interest rate in 2021. Investing in this FD scheme will ensure that your savings grow quickly to generate considerable returns in the future. 

Suppose that you invest Rs. 40,00,000 in Bajaj Finance FD for 5 years. The same tenor and amount will provide fewer returns if you invest it in a bank FD. To confirm this, look at the below table that shows interest income and maturity amount offered by both bank FDs and Bajaj Finance FD:

Fixed DepositAmountRate of interest TenorInterest gainsMaturity valueGrowth in savings (%)
Bajaj Finance FDRs. 40,00,0006.75%5 yearsRs. 15,44,973Rs. 55,44,97338.62%
Bank FDRs. 40,00,0005.5%5 yearsRs. 12,56,266Rs. 52,56,26631.40%

By earning high returns through Bajaj Finance FD, you can achieve your financial objectives. Invest through an online FD form and earn a 0.10% higher FD interest rate. Senior citizens have the option of growing their deposits at a 0.25% higher rate of interest. Moreover, this FD scheme offers the following things:

Multi-deposit feature

The multi-deposit feature enables you to ladder your deposits carefully by investing chunks into several FDs instead of the entire capital. The option of setting a different tenor for every FD allows you to gain from a higher liquidity post-investment. 

Safety of capital 

Along with capital appreciation, Bajaj Finance FD also provides a safety net for your deposits. This FD scheme has been regarded as a safe alternative by CRISIL and ICRA. It means that your investments will be stable even during an economic crisis or other issues in the market. 

Withdrawal alternatives 

Bajaj Finance FD lets you liquidate your investment after the deposits complete a minimum tenor of three months. You may also prefer opting for a loan against FD during an emergency. It will be a collateral-free loan that ensures that your interest earnings are steady even during an emergency or financial obligation. 

Summary 

Investing in fixed deposits is a safe bet as its interest rates remain fixed throughout the lock-in period. Also, the FD calculator that is integrated on the website of FD providers enables you to predict the returns precisely. Bajaj Finance FD is a corporate FD that accelerates your investment at an interest rate of up to 6.75%. Along with capital appreciation, this fixed deposit scheme also offers easy withdrawal options and loans against your deposits. The multi-deposit feature helps you ladder deposits to manage your future liquidity needs. 

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