FD Calculator

The Fixed Deposit (FD) calculator on Bajaj Markets allows you to estimate the maturity value of your fixed deposit investment. By entering your investment amount, interest rate, and tenure, you can easily calculate the interest earned at maturity. 

An FD calculator works by taking your principal amount, interest rate, and investment tenure into account. Once you enter these details, the calculator uses a formula to calculate the interest earned and the total maturity value at the end of the term. 

 

It also considers the frequency of compounding (monthly, quarterly, or annually) to give you an accurate result.

 

Here are some of the benefits of using this tool:

• The FD Calculator simplifies the complex process of estimating maturity value by allowing you to customise inputs based on your investment preferences.

• It saves you time by quickly generating accurate estimates of your maturity value and interest earnings in just a few seconds.

• With its high accuracy, the FD Calculator ensures that you receive reliable results, helping you plan your investments efficiently.

Calculating FD returns involves understanding both simple and compound interest. These formulae help estimate how much your investment will grow over time, enabling you to make informed decisions. Here is how you can calculate FD interest:

Simple Interest

Simple interest is calculated on the initial principal amount for the entire tenure. Here’s the formula for calculating it:

 

Simple Interest (SI) = P * R * T

 

Wherein,

• P stands for Principal amount

• R stands for Rate of interest

• T stands for Tenure

 

Example:

 

If you invest ₹50,000 at an interest rate of 7% p.a. for a tenure of 3 years, the simple interest would be:

 

Interest = 50,000 * 7% * 3 = ₹10,500

Compound Interest

Compound interest is calculated on the initial principal and the interest accumulated over previous periods. Here’s the formula for calculating it:

 

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

 

Wherein,

• A is the total amount of money collected after n years, including interest

• P is the initial principal amount 

• r is the interest rate 

• n is the frequency of interest compounded per annum

• t is the tenure

 

Example:

 

If you invest ₹50,000 at an interest rate of 7% p.a. for a duration of 3 years, compounded annually, the interest earned would be:

 

In this case, P = ₹50,000, r = 7%, n = 1 (compounded annually), and t = 3 years

 

Hence, A = ₹50,000(1 + 0.07/1)^(1*3) = ₹61,252.45

 

Interest earned would be A - P = ₹61,252.45 - ₹50,000 = ₹11,252.45.

Our fixed deposit calculator offers more than just return estimates for your deposits. Here is how it helps:

Comparison

Our FD calculator allows you to compare interest rates from some of the leading banks and NBFCs. You can also adjust the tenure to see how it impacts your potential earnings.

Quick Calculations

Enter your deposit amount, preferred tenure, and the applicable interest rate. The calculator will instantly calculate the FD interest you can expect to earn on your fixed deposit.

User-friendly Design

Designed with a user-centric approach, our FD Calculator is ideal for both first-time and seasoned investors. Anyone can use it to calculate their FD returns in just a few clicks.

Smart Logic

Built with tried and tested interest formulas, our Fixed Deposit Calculator provides a quick view of the possible return on investment. 

You can make the most of our FD calculator’s simplicity and efficiency in calculating FD returns with ease. Let’s know more about it-

• Simple interface: Easily input your principal amount, interest rate, and investment tenure.

• Customisable inputs: Choose your preferred compounding frequency (monthly, quarterly, or yearly).

• Instant results: View your maturity amount and the interest earned instantly.

• Accurate calculations: Get precise details based on the entered data, ensuring you can plan your investment effectively.

• Convenient to use: No need for complex calculations – just enter the required details and get your results within seconds.

 

Begin by entering your user type, deposit amount, preferred tenure, and payout frequency. Our FD calculator will instantly display the following results:

• Rate of interest

• Interest earned

• Maturity amount 

• Total maturity amount

Here is an illustration of the maturity value based on the tenure you choose, assuming a deposit amount of ₹50,000 at an interest rate of 7% p.a., with maturity payout on an annual basis:

Calculate fixed deposit returns instantly with our FD calculator. Here’s a table showcasing the highest FD interest rates on Bajaj Markets and the maturity amount assuming a deposit amount of ₹20,000 for the respective tenure.