Topic: “Unleash the Potential of Fixed Deposits: Calculate Interest and Watch Your Wealth Grow”

In these times of uncertainty, everyone is losing their job and falling into financial insecurity. This is when you should prepare for any situation and start investing and saving money for your future in FD. A fixed deposit calculator is vital for the best return on your FD investment.

I recently lost my job due to my company’s financial state, while at the same time, my mother started becoming increasingly ill, and I had to admit her to the hospital.

I ran out of savings but could not land a job even after dozens of interviews. Then one day, at my darkest hour, I saw that I had received a credit of around Rs. 30,000.

After checking, I discovered that my mother had invested the money I had sent her in various FDs from Bajaj Finserv. I then used this money to pay for her surgery and am grateful she is recovering.

What is a Fixed Deposit?

Fixed deposits are the safest investment options that guarantee consistent interest rates regardless of market rates or fluctuations.

Different banks also offer a special additional interest rate for senior citizens and different interest payment options ranging from monthly, quarterly, or upon the maturity of the deposit. It also comes with income tax deductions.

Why should you use an FD?

●     Passive Income

You should consider getting an FD as it generates passive income by generating interest and paying you monthly, quarterly, yearly, or maturity based on your plan.

●     Guaranteed Returns

FDs are not dependent on the market and provide guaranteed returns. It is not influenced by the rise or fall in interest rates.

●     Higher Interest Rate

FDs offer a higher interest rate than comparable options, thus providing you with a greater return on investment.

●     No Maximum Limit

There is no maximum limit for the amount you can invest in an FD. Thus you can just invest any extra money you have and don’t currently need to have it earn money while doing nothing.

How to calculate FD interest using a Fixed Deposit calculator?

You can use anFD calculator to calculate the interest you can earn on your fixed deposit. It is a powerful tool that is available online from different financial institutions. It helps you simulate different scenarios and choose the best bang for your buck while helping you determine the maturity amount and interest accrued.

How to calculate interest rate on FD?

  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.’
  7. Fill in the required details
  8. Experiment as per your requirement.


If you wish to use a safe and secure option to start investing your money, save it, and have it generate passive income, you should consider getting an FD.

By getting an FD from banks and financial institutions like Bajaj Finserv, ICICI Banks, HDFC Bank, and Kotak Bank and utilizing their FD calculator, you can make the smartest decision for your money and start saving and investing.

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