Bajaj Finance Limited is an Indian non-banking financial company that is a subsidiary of Bajaj Finserv (NBFC). Bajaj Finance is the only Indian NBFC with the international rating agency S&P Global’s ‘BBB’ rating, and its fixed deposit has both ICRA’s MAAA and CRISIL’s FAAA ratings, which are the highest in their respective categories. These indicators suggest that this product is secure and will provide timely rewards.

You may invest in a Bajaj Fixed Deposit for a period ranging from 12 to 60 months. If you need a consistent source of income to pay your expenses, you may choose monthly or quarterly interest payments. Alternatively, you can save interest until maturity and get the benefits of compounding growth on your investment money.

**What is Bajaj Finance FD Calculator, and How Does it Help You**

The Bajaj Finance fixed deposit calculator calculates the maturity value of your deposited amount based on the interest rate given and compounded quarterly. The number of fixed deposits, interest rates on FDs, deposit duration, and compounding frequency of interest all contribute to the FD’s maturity amount at the end of the tenure.

A client can utilize the IDFC Bank FD Calculator to determine:

– A sound investment plan

– The time frame for making an investment in the fixed deposit

– A suitable interest rate

– The amount paid out when the bond matures

**How Does the Bajaj Finance FD Calculator Work?**

To use the Bajaj Finance FD Calculator calculator, a customer must enter the information requested by the Equitas Small Finance Bank FD Calculator and then click the ‘calculate’ button. Within a few minutes. You may learn about the investment’s maturity value and other details. Anyone can use the calculator because it is simple to use.

**How to Use Groww Bajaj Finance Fixed Deposit Calculator **

To use the Groww Bajaj Finance FD Calculator, first:

**Step 1: **Enter the amount of money you want to invest in the FD.

**Step 2: **Choose the interest rate at which you want to establish the plan.

**Step 3: **Determine the length of time you want to lock in your money.

You will be able to see the amount you will get at maturity as well as the interest received after inputting the aforementioned information.

To compute immediately, the Bajaj Finance FD Calculator employs the following formulae:

A = P (1 + r/n )^n*t

- A is for the amount that you receive on maturity.
- P is for the amount you want to or will invest.
- r is for the annual rate of interest.
- n is for the number of times the interest is compounded.
- t is for the tenure of the investment.

For instance, look at this example to understand the formulae better.

You want to invest Rs. 30,000 for a tenure of 5 years at the rate of 6.7% compounded annually.

So,

**P** = ₹30,000

**r** = 6.7%

**n** = 1

**t** = 5

Hence, A = ₹30,000 (1+6.7%/1)^1*5

According to the calculations above, your result will be Rs. 41,822.

**Advantages of Using Bajaj Finance FD Interest Calculator**

The Bajaj Finance FD Calculator is a tool that may help a client make the best decisions when it comes to investing in Fixed Deposits without having to physically answer FD-related questions. The Bajaj Finance FD Calculator may be used to:

– You may obtain instant answers to the total amount you’ll get at maturity.

– You may tailor the interest rates to your preferences.

– You have the option of determining how many times the rate is compounded.

**Bajaj Finance FD Calculator – FAQs**

**Q1. What is the Bajaj Finserv FD Calculator?**

It is a digital tool that allows you to calculate the interest added amount on your investment on FD schemes of the bank.

**Q2. Who is not eligible to participate in the Bajaj Finserv fixed deposit scheme?**

NRIs, Foreign Citizens, Persons of Indian Origin (PIOs), charity trusts, and businesses eligible under section 11(5) of the Income Tax Act are not permitted to participate in the Bajaj Finserv fixed deposit plan.

**Q3. Can a Bajaj Finserv account user seek a loan against an FD?**

Yes, an account holder can borrow up to 75% of the amount deposited in a cumulative fixed deposit and 60% of the amount put in a non-cumulative fixed deposit from Bajaj Finserv.

**Q4. In how many years will Bajaj Finance’s FD double?**

The growth of a Bajaj Finance FD is determined by the interest rate and the term of the loan. Rule 72 is a method that calculates the number of years it will take to double one’s investment in a Bajaj Finance FD. To apply the rule, we require the rate of interest on our FD. Assume the FD interest rate is 6.95%. Simply divide the number 72 by the interest rate to apply the rule. As a result, 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment in Bajaj Finance to double.

**Q5. What are the minimum and maximum amounts I may invest in a Bajaj Finance Fixed Deposit?**

The minimum investment limit in a Bajaj Finance Fixed Deposit account is Rs. 1,000, with no maximum investment restriction.

**Q6. What is the credibility of Bajaj Finance FDs?**

Bajak FD has received the highest stability ratings from CRISIL (FAAA/Stable) and ICRA (MAAA/Stable).

**Q7. What is the interest rate provided on FDs by Bajaj Finance?**

Get great yields of up to 6.5% on ordinary deposits and 6.75% on senior deposits only Bajaj Finance FDs. These high interest rates are advantageous during longer time periods, where the power of compounding helps to rapidly grow wealth. As the only Indian NBFC with an international rating of ‘BBB’ from S&P Global, Bajaj Fixed Deposit is an excellent alternative for investors looking for safe places to put their money.