# Quick Guide to Use Maturity Amount Calculator in India

An investment that grows at a fixed rate till a predetermined period helps you to evaluate the factors like growth rate, returns, and interest earnings easily. Fixed deposit is one of those investment options and to measure its maturity amount smoothly, financial institutions have started providing an FD maturity calculator on their websites.

An FD calculator is nothing but an FD interest rates calculator that tells you how much your FD will earn at a given period. It also tells you the interest rate and tenor options offered by a particular FD plan. Therefore, it is one of the most useful tools for those who are willing to invest in fixed deposits.

To calculate the maturity amount properly, you must ensure that you enter the correct values of amount, tenor, etc. in an FD calculator.  Sometimes, you may also be asked to choose a customer category that applies to you because certain banks and finance firms offer benefits of higher interest rates to certain customer categories.

Also, you are required to choose between an FD type, i.e., between cumulative and non-cumulative FD because the maturity amount will vary accordingly. To collect a huge amount at maturity, you should deposit your capital in a fixed deposit plan that guarantees high returns by offering a high FD interest rate. For example, the Bajaj Finance FD interest rate goes up to 6.75% high and it also lets you pick the investment period as per your financial strategies and needs. The features that make it one of the best FD schemes in 2021 are given below:

## Higher Returns than Bank FDs

The higher interest rate offered by Bajaj Finance FD helps you accumulate higher returns at maturity. The difference between bank FDs and Bajaj Finance FD is over 1.25% and this results in a huge difference between the returns offered by these individual FD schemes.

For example, imagine that you invest Rs. 30,00,000 for 5 years in both bank FD and Bajaj Finance FD. The estimated returns that you may get after tenor completion are given in the below table:

 Fixed Deposit Plan Investment Amount Tenor FD Rate Interest Maturity Amount Growth Rate (in %) Bank FD Rs. 30,00,000 60 months 5.5% Rs. 9,42,200 Rs. 39,42,200 31.40% Bajaj Finance FD Rs. 30,00,000 60 months 6.75% Rs. 11,58,730 Rs. 41,58,730 38.62%

Thus, you have noticed that Bajaj Finance FD provides much higher returns than bank FDs.

## Loan Against Deposits

You may need funds urgently to manage the expenses during a medical emergency, a sudden trip planned by family or friends, the marriage of the child, etc. You need not disturb your investments for that as Bajaj Finance FD gives you the option of applying for a loan against your FDs.

It will be a collateral-free loan and you can repay it easily thereafter to keep your investments intact.

## Higher interest rates for online investor

For online investors, Bajaj Finance FD has come up with an offer of a 0.10% extra FD rate. To avail of this benefit, you only need to utilize the online FD form given on its portal and Bajaj Finance also lets you complete the documentation and payment formalities online.

For senior citizens, Bajaj Finance FD is currently offering a 0.25% higher FD rate. They can benefit from this extra FD rate and earn higher returns. Also, the choice of multiple interest payout options enables them to manage their post-retirement expenses smoothly.

Investing in fixed deposit plans is a good option because it is a stable instrument. Also, you can predict the FD maturity amount before depositing by using an FD interest rates calculator. To earn high interest, you can invest in a Bajaj Finance FD as it is offering interest rates of up to 6.75%. Also, an online investment option is provided so that you can invest in this FD scheme without any issues. It offers much higher returns than bank FDs and also allows senior citizens to stabilize their finances post-retirement. All these features make it one of the best FD schemes in India.

Alfred Williams, a distinguished business writer, navigates the corporate landscape with finesse. His articles offer invaluable insights into the dynamic world of business. Alfred's expertise shines, providing readers with a trustworthy guide through the complexities of modern commerce.

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