FD Calculator – Calculate Fixed Deposit Interest Rates Online


If you are wondering what is fixed deposit, then you must know that it is an investment instrument wherein you can lock-in a fixed amount for a pre-determined time period at a fixed interest rate. Since the interest rate and tenor of the investment are known beforehand, you can estimate the returns on an FD investment using a fixed deposit interest rate calculator.

The fixed deposit interest rate calculator provides an estimation of returns on an FD investment. To use the FD calculator online, such as the one from Bajaj Finance, follow the below mentioned steps:

Input Required

  • Customer type 

Choose customer type – Non-Senior Citizen (Investing Offline)/Non Senior Citizen (Investing Online)/Senior Citizen (Investing Offline/Online).

The Bajaj Finance FD calculator is also a helpful tool for those living in foreign countries, and want to invest in Fixed Deposit in India as Bajaj Finance is also accepting deposits from NRIs, Overseas Citizen of India (OCI) and Person of Indian Origin (PIO).

  • Investment amount 

Investors can start investing in fixed deposits with as low as Rs.25,000 only. Bajaj Finance FD offers flexibility in investment amount from Rs.25,000 to 1 crore. 

  • Investment Tenor 

Choose the FD lock-in period as per your investment goal. You have the choice from 12 – 60 months. Investors with Bajaj Finance will enjoy additional interest rate benefit (0.10%) on the regular interest rate if they renew their FDs on the maturity date. There is an advantage of an additional interest rate (0.10%) for online investors also.

Based on the above details, the online calculator calculates and shows the following result:


For cumulative fixed deposits: 

  • Applicable interest rate from 7.1% to 7.35% as per the customer type, investment amount and investment tenor you have chosen.
  • Interest payout on maturity
  • Maturity Date 
  • Maturity amount 

Cumulative Fixed Deposit: Cumulative fixed deposit compounds interest annually, but interest is paid at maturity.

For Non-cumulative fixed deposits: 

  • The interest rate applicable for different periods 
  • Periodic Interest amount – monthly, quarterly, half-yearly and yearly. 

Non-cumulative fixed deposits

In the non-cumulative fixed deposit, interest is paid periodically as per your choice – monthly, quarterly, half-yearly, or annually. Senior citizens depending on their needs can consider monthly or quarterly interest payouts. 

An Example 

Let’s understand with an example. 

An individual of 61 years wants to deposit Rs.5 lakhs in Bajaj Finance Fixed Deposit as on October 1, 2020, for 3 years. 

The FD Calculator will calculate and shows the following results: 

  1. For Cumulative Fixed Deposit 

Interest rate: 7.35% 

Interest payout: Rs. 1,18,552 

Maturity by: Oct 2023 

Maturity amount: Rs. 6,18,552

  1. For Non-Cumulative Fixed Deposit 
PeriodInterest Rate Interest Payouts
Monthly7.11%Rs. 2963
Quarterly7.16%Rs. 8950
Half-yearly7.22%Rs. 18,050
Yearly7.35% Rs. 36,750

Advantages of Bajaj Finance FD calculator: 

  1. FD maturity amount and interest calculations are complex with lengthy formulas. An FD calculator shows you the accurate amounts in just one click. 
  1. You can compare the returns on cumulative fixed deposits and non-cumulative fixed deposits as well in one go.
  1. It enables you to compare interest and maturity amount for different intervals during the lock-in period if you choose non-cumulative FDs.
  1. You can plan your investments well with the exact amount to be received at maturity. 
  1. It helps you save a lot of time involved in interest calculations for cumulative and non-cumulative FDs separately.

Apart from high interest rates up to 7.35%, Bajaj Finance FD also offers other value added benefits such as online account opening process, flexible periodic interest payouts, loan against FD, multi-deposit facility, and more. Bajaj Finance FD is rated high for its stability and credibility by reputed third party organisations such as CRISIL and ICRA. It has been accredited with CRISIL’s FAAA/Stable rating and ICRA’s MAAA/Stable rating- the highest ratings in the industry.

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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