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About this tool
Net payout when you break a fixed deposit early — reduced card rate, penalty deduction and the interest you give up.
Breaking a fixed deposit before maturity costs you twice: the bank re-prices the deposit at the card rate for the period it actually ran, and then deducts a premature-withdrawal penalty (usually 0.5%–1% per annum) from that rate. This calculator applies both steps the way banks do — quarterly compounding for cumulative deposits, simple interest on the broken period — and shows the exact net payout you will receive. It is built for savers deciding whether to break an FD now or wait for maturity.
Open FD Early Withdrawal Penalty Calculator on AltFTool — it loads instantly in your browser.
Enter the Deposit amount (INR), booked rate, Original tenure (months) and the card rate for the completed period.
Set Completed months held and Extra days held (0-30), pick a penalty with the 0% / 0.5% / 1% penalty buttons, and choose Cumulative (quarterly compounding) or simple interest.
Read Net payout on premature closure with the rate-reset and penalty losses split out, compare "Break now or wait for maturity?", and press Copy result.
Separates the rate-reset loss from the penalty-rate loss so you see where the money actually goes.
Compounds quarterly for completed quarters and applies simple interest to the leftover broken period.
Shows the interest you would have earned by holding to maturity next to the amount you get today.
Most Indian banks levy 0.5% to 1% per annum, deducted from the applicable rate rather than from your principal. The penalty is often waived on small-value deposits or when the money is reinvested into a longer FD with the same bank — check your bank's schedule of charges.
Not your booked rate. Banks pay the card rate that was applicable, on the date of booking, for the period the deposit actually stayed with the bank — and then subtract the penalty. If that rate is higher than your booked rate, banks generally cap the payout at the booked rate.
Your principal is safe; you only lose interest. However, if you close within the minimum lock-in (typically 7 days), many banks pay no interest at all, so the payout equals the deposit amount.
No. TDS deducted and deposited in earlier quarters is not reversed by the bank; the recalculated lower interest is adjusted in the final payout, and any excess tax is claimed back when you file your income tax return. This tool is informational and not tax advice.
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