FD premature withdrawal calculator
What you actually receive if you break an FD early, and what it costs you to do it.
Record this deposit once and the app does the rest: reminded before it matures, told the day TDS starts at that bank, and the rules of the product explained with your own numbers. Free, and your deposits stay on your phone.
Get it on Google PlayQuestions people ask
How is the penalty worked out?
Two steps. The bank pays the rate that applied for the period you actually held the deposit, not the rate you booked, and then takes a penalty off that rate.
Is the penalty fixed?
No. The RBI sets no figure. Each bank publishes its own, commonly between nothing and 1%, and many waive it on small amounts or for seniors.
Can I break a tax saver FD?
No. The five-year lock-in is absolute.
Is a partial withdrawal possible?
At many banks, yes, and the rest continues at the original rate. Ask before you break the whole thing.
Is a loan against the FD cheaper?
Often, yes. Around 1% over the FD rate, and the deposit keeps earning. Worth comparing before you close it.