Latest news with #BajajFinanceFD
Mint
20-05-2025
- Business
- Mint
Fixed deposit interest rates vs inflation: Are FDs still a good investment?
Fixed deposits have long been a preferred choice for Indian savers seeking safety, assured returns, and peace of mind. With fixed interest rates and guaranteed maturity payouts, FDs offer a solid financial foundation—especially for those who prefer risk-free options. But with inflation on the rise in recent years, many are wondering: Are FDs still worth it? The short answer is yes—especially when you choose high-return options like the Bajaj Finance Fixed Deposit, which now offers interest rates of up to 7.95% p.a. for senior citizens and up to 7.40% p.a. for non-senior citizens. Here's how you can still beat inflation with the right FD strategy. A fixed deposit (FD) allows you to invest a lump sum for a fixed tenure at a predetermined interest rate. Offered by banks and NBFCs like Bajaj Finance, it provides guaranteed returns—either monthly or at maturity. Safety of capital Assured returns, unaffected by market fluctuations Flexible tenures from 12 to 60 months with Bajaj Finance FD Choice between monthly payouts or lump sum on maturity Easy online booking in minutes Bajaj Finance Fixed Deposit has the highest AAA ratings from CRISIL and ICRA, ensuring top-tier safety for your investment. Inflation refers to the rising cost of living—if inflation is at 6% and your FD earns just 5%, your actual purchasing power declines. That's why it's crucial to choose FDs that offer returns above the inflation rate. With Bajaj Finance FD, you can earn: Up to 7.95% p.a. if you're a senior citizen if you're a senior citizen Up to 7.40% p.a. for other investors This puts your FD returns well above India's current average inflation rate—helping you grow your wealth in real terms. A simple way to plan better is by using the FD calculator monthly interest tool available on the Bajaj Finserv website and app. Just enter your investment amount, tenure, and select payout mode to view your estimated earnings. Whether you're planning for retirement, saving for a goal, or seeking a steady income, this tool helps you make informed, data-driven decisions. Here are some strategies to maximise returns and outpace inflation: Bajaj Finance FD currently offers market-leading interest rates, including limited-period high-return options. Why settle for less? Choose cumulative FDs to reinvest interest and enjoy the power of compounding. It's ideal if you don't need regular payouts. Senior investors (60+) earn up to 7.95% p.a. with Bajaj Finance FD—perfect for monthly income or secure wealth creation post-retirement. Check FD Rates and plan your investment now! Inflation and interest rates are dynamic. Keep track of both and make timely decisions—break and reinvest FDs when the rates are high, and avoid long-term lock-ins during low-rate periods. While FDs offer capital protection, here are a few complementary options if you're looking to diversify: Debt mutual funds – moderate risk, market-linked – moderate risk, market-linked Government schemes – like PPF or SCSS – like PPF or SCSS Balanced funds – equity + debt exposure – equity + debt exposure Inflation-indexed bonds – directly linked to inflation Each of these carries different levels of risk and liquidity. Choose based on your financial goals and comfort with market movements. Fixed deposits remain a reliable and secure way to save and grow money—especially when you invest with a trusted name like Bajaj Finance. With high interest rates of up to 7.95% p.a., strong credit ratings, and flexible options, Bajaj Finance Fixed Deposit helps you stay ahead of inflation without taking unnecessary risks. Note to readers: This article is part of Mint's paid consumer connect Initiative. Mint assumes no editorial involvement or responsibility for errors, omissions, or content accuracy. Want to get your story featured as above? click here!
Business Standard
09-05-2025
- Business
- Business Standard
Role of a Fixed Deposit Return Calculator in Smart Investing: Maximising FD Returns
Fixed deposits (FDs) are a preferred investment option in India due to their safety, guaranteed returns, and flexibility. However, to ensure maximum earnings, investors need to calculate their returns before investing. This is where a fixed deposit return calculator becomes essential. A fixed deposit return calculator helps estimate interest earnings based on the deposit amount, tenure, and applicable fixed deposit rates. It eliminates manual calculations, ensuring accuracy and informed decision-making. With institutions like Bajaj Finance FD, investors can benefit from some of the highest fixed deposit rates in India, going up to 8.60% p.a. for senior citizens and 8.35% p.a. for non-senior citizens. Using an FD calculator allows individuals to compare different tenures and payout options to maximise returns. This guide explains how a fixed deposit return calculator works, its benefits, and how it plays a key role in smart investing. How does a fixed deposit return calculator work A fixed deposit return calculator is an online tool that computes interest earnings and maturity amounts based on key parameters like: Principal amount – The initial investment in the FD. Fixed deposit rate – The annual interest rate offered by the bank or NBFC. Tenure – The duration for which the FD is held. Compounding frequency – How often interest is compounded (quarterly, half-yearly, or annually). Formula used in an FD calculator: The FD return calculator applies the compound interest formula: M= P + P {(1 + i/100) t – 1} Where: M is the maturity amount P is the principal amount i is the rate of interest per period t is the tenure For example, if Rs. 15,000 is invested at 8.60% p.a. for 42 months, compounded quarterly, the maturity amount would be: M (Maturity Amount) = Rs. 20,021 By using a fixed deposit return calculator, investors can instantly check their returns, eliminating the need for manual calculations Benefits of using a fixed deposit return calculator Using a fixed deposit return calculator provides multiple advantages: 1. Accuracy in return estimation Manual calculations can be prone to errors. A calculator ensures precise results, helping investors plan their finances better. 2. Saves time and effort Investors can quickly check returns for different tenures, interest rates, and compounding options without complex calculations. 3. Helps compare different FD options Banks and NBFCs offer varying fixed deposit rates. A calculator allows users to compare returns from different financial institutions to choose the best option. How fixed deposit rates impact returns Understanding fixed deposit rates: Fixed deposit rates vary across banks and NBFCs, influenced by RBI policies, inflation, and market conditions. For example, Bajaj Finance Fixed Deposits offer: Up to 8.60% p.a. for senior citizens Up to 8.35% p.a. for non-senior citizens Example of FD rate impact If Rs. 10 lakh is invested for 3 years: At 7% p.a., maturity amount = Rs. 12,31,439 At 8.10% p.a., maturity amount (Bajaj Finance FD) = Rs. 12,63,214 Higher fixed deposit rates significantly boost returns, making it essential to compare rates before investing. Bajaj Finance Fixed Deposits: A smart investment choice Bajaj Finance offers some of the highest fixed deposit rates in India, along with multiple benefits: High interest rates: Up to 8.60% p.a. for senior citizens. Flexible tenures: Ranging from 12 to 60 months. Minimum investment of Rs. 15,000: Suitable for all investors. Secure and stable returns: Rated AAA by CRISIL and ICRA. Using the Bajaj Finance Fixed Deposit Return Calculator, investors can calculate their maturity amount and make well-informed investment decisions. Conclusion A fixed deposit return calculator is a vital tool for smart investing. It helps investors estimate returns accurately, compare different FDs, and choose the best tenure and payout option.
