📉 FD Premature Withdrawal Penalty

Calculate penalty & net maturity amount upon early exit

💰 Principal Deposit Amount

₹

📈 FD Interest Rate (% p.a.)

⏱️ FD Tenure (months)

mos

📅 Completed Months

⚖️ Penalty Rate Reduction (% p.a.)

📌 How it works

🔹 Premature withdrawal penalty reduces your applicable interest rate by 1.50% p.a.

🔹 Interest is calculated on completed tenure at 7.00% p.a. (original rate – penalty)

🔹 Penalty amount = Interest lost compared to original FD rate for the completed period

🏦 Original Maturity Amount (if held full term) ₹ 0

⏳ Premature Maturity (with reduced rate) ₹ 0

⚠️ Penalty Amount (interest reduction) ₹ 0

💰 Net Withdrawal Amount (Principal + Reduced Interest) ₹ 0

* Penalty reduces interest rate for the completed period. Calculation uses quarterly compounding (standard for most FDs). Adjust penalty rate as per your bank’s policy.