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Exploring Advanced Features of FD Calculators: Enhancing Your Investment Decision-making

My ten-year-long fixed deposit matured a few days ago, and I received more than double my initial deposit. This thrilled me at the prospect of investing that money and doubling it again. But then I was hit with the memories of having to invest back in 2013 when choosing the right fixed deposit provider was a hassle.

Worried, I decided to look online and was pleasantly surprised at how easy the process was. I just downloaded the Bajaj Finserv app, and it just took a few minutes to fill out the form and apply for one. I used Bajaj Finserv’s Fixed Deposit Calculator Online to know the interest rates and the return on investment I would get from my investment and make informed plans for my future.

What is a fixed deposit?

A fixed deposit is the most popular form of investment in India. It is a one-time investment that allows you to earn a higher interest rate than just storing money in your savings account but provides similar safety.

The interest rate ranges from 6.75 to 9.10%, which is even higher for senior citizens as they receive 0.25-0.75% higher interest rates. This type of investment is unaffected by market fluctuations and provides assured returns, which you know of from the time of investment.

Where to get an FD Calculator?

Getting a Fixed Deposit Calculator is easy, as online and app-based calculators are available. The following steps are what I used for the app I used to get my FD interest calculation and deposited.

  1. Download the Bajaj Finserv app from the App Store or Play Store.
  2. Sign up after entering your mobile number.
  3. On the home page, tap three bars on the top left for Android and the top right for iOS.
  4. Here, you’ll see ‘Calculators & Buying Guides.’
  5. Go to ‘Deposits Calculators’
  6. Choose ‘Fixed Deposit Interest Calculator.’

How to use a Fixed Deposit Calculator?

Calculating a Fixed Deposit Interest Rate is straightforward using a fixed deposit calculator. All you have to do is to input the principal sum you would like to invest, the estimated interest rate you are offered, and the term of the investment (how long would you like to deposit the sum for?).

Just by filling these fields and changing the sliders, you can simulate different outcomes. For example, if you want a higher interest rate, increase the investment term to over five years.

What are some advanced features of a Fixed Deposit Calculator?

While the FD providers have deliberately made it simple for most people to calculate the ROI, certain advanced features can be used to get even more information about your investment.

These advanced features include:

●     Post-tax calculations

Post-tax calculations allow you to understand the final amount you would receive based on your tax slabs, giving you a granular understanding of your ROI.

●     Graphs and charts

You are also shown a graphical representation of your total investment sum and the sum you receive after maturity.

●     Cumulative frequency

You can also calculate FD interest rates for monthly, quarterly, and annual interest compounding. Keep in mind that monthly compounding gives the best return on investment.

●     Senior Citizen

There is also a button to see the interest rate for senior citizens.


If you want to invest in FD and gain a more granular understanding of the ROI you would receive, use the advanced features provided by Fixed Deposit Calculator Online to make informed decisions for your finances and plan for any future investment, such as your child’s education or your retirement.

By using these features, you can make your financial planning more accessible and much more accurate, allowing you to invest, earn money and then reinvest to earn even more, even without being a seasoned investor.


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