RapidCheck

FD Premature Withdrawal Calculator

Estimate FD value after an early-withdrawal penalty.

Last updated: 21 Aug 2026

Quick answer

Banks pay a reduced rate on premature FD withdrawal — the applicable rate minus a penalty (often 0.5–1%). Value ≈ principal × (1 + (rate − penalty)/100 ÷ 4)^(4 × years). Enter your deposit, rate, penalty and elapsed years above.

₹
% p.a.
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Breaking an FD early usually means a lower interest rate — the card rate for the elapsed period minus a penalty (typically 0.5–1%). This estimates the amount using quarterly compounding at the reduced rate.

How to calculate FD premature withdrawal

  1. 1 Enter your deposit and the original interest rate.
  2. 2 Enter the penalty (e.g. 1%) and the years completed.
  3. 3 We compound at the reduced rate to estimate the payout.

Frequently asked questions

What is the penalty for breaking an FD?
Banks typically reduce the interest rate by 0.5–1% for premature withdrawal, and pay the rate applicable to the period actually completed.
Do all FDs allow premature withdrawal?
Most do, but some tax-saver and special FDs have a lock-in and cannot be broken early.
Is this exact?
It is an estimate; banks apply the card rate for the completed tenure minus penalty, which can differ slightly.

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