FD premature withdrawal calculator

When you break an FD early the bank does two things: (1) re-computes interest at the rate that applied for the actual held tenure, not the original contracted rate, and (2) deducts a penalty of typically 0.5–1%. This calculator shows the net payout.

Net amount you receive
₹0
Effective rate
0%
Interest earned
₹0
Maturity if held full term
₹0
Loss vs full-term maturity
₹0
Penalty in rupees
₹0

How banks compute the penalty

  1. Look up the FD card rate that applied for the tenure you actually held (e.g. 2-year rate if you held it 2 years).
  2. Subtract the premature-withdrawal penalty (typically 0.5%–1.0%).
  3. Recompute interest from day 1 at that effective rate.
  4. Pay you principal + recomputed interest.

If the card rate for the held tenure is higher than the contracted rate, the contracted rate prevails (you never get more than what was promised).