FD Premature Withdrawal Penalty Calculator & Renewal Advisor (for Cumulative Deposits)

FD Premature Withdrawal Penalty Calculator & Renewal Advisor is used to calculate the penalty amount levied by the bank during premature withdrawal or closure of a Fixed Deposit (FD).

This tool will help anyone looking to prematurely withdraw, close or renew their Fixed Deposits and provide the penalty details, profit/closure on renewal and a recommendation whether you should opt for renewal before maturity or not.

If you are looking for increasing the returns on your Recurring Deposits, you can go to this post.

This EPM FD Penalty Calculator & Renewal Advisor tool is for Fixed Deposits which are cumulative in nature -where payout is given at maturity.


More than 200 people are using the tool and the associated videos have garnered more than 2 Lakh views on YouTube. This one-of-a-kind tool is not available anywhere on the Internet and is also being used by bankers to do the penalty calculation and provide FD renewal advise.


It is an easy-to-use tool and with only 10 inputs, you can calculate the penalty amount as well as get renewal recommendation.

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Presentation: 

  • The tool is available as an Excel file with macros. It will work on Mac Excel and Windows Excel.

There are 2 Sheets in the Excel with the following steps. A detailed video tutorial is available.

Video Tutorial

https://youtu.be/IkGcTFt1nY0

FD Premature Withdrawal Penalty Calculator & Renewal Advisor: Read First

This is the end-user license agreement screen. Before you start using this tool, you will have to agree upon this.

User agreement for FD Premature Withdrawal Penalty Calculator & Renewal Advisor
User agreement for FD Premature Withdrawal Penalty Calculator & Renewal Advisor

Step 1: Original Fixed Deposit Details

You need to enter the details of your Original Fixed Deposit.

Screenshot of section to add details about Original Fixed Deposit
Section to add details about Original Fixed Deposit

Step 2: Fixed Deposit Pre-Closure Details

You need to enter the pre-closure related details related to your FD.

Screenshot of section to add details about pre-closure of Fixed Deposit
Section to add details about pre-closure of Fixed Deposit

Step 3: Revised Fixed Deposit Details

If you are looking to pre-close your previous Fixed Deposit and renew it into a new higher interest bearing FD, then you need to fill the details in this section.

Screenshot of section to add details about renewal of Fixed Deposit
Section to add details about renewal of Fixed Deposit

Step 4: Penalty Calculator and Renewal Advisor

You can view the calculated penalty and the interest related calculations in this section. You will also be able to see the overall benefit or loss you will incur if you choose to pre-close your fixed deposit to open a new one.

Screenshot of result section of the FD Premature Withdrawal Penalty Calculator & Renewal Advisor
Result section of the FD Premature Withdrawal Penalty Calculator & Renewal Advisor

Step 5: Maturity and Interest Calculations

All the calculations related to the data entered for 3 sections can be seen here. There are 3 separate sections for the 3 different type of FDs.

Screenshot of calculation section of the FD Premature Withdrawal Penalty Calculator & Renewal Advisor
Calculation section of the FD Premature Withdrawal Penalty Calculator & Renewal Advisor

Video Tutorial

https://youtu.be/IkGcTFt1nY0

How to use Penalty Calculator to calculate penalty levied by the bank

How to use Renewal Advisor to check if you should renew your old FD

Get the EPM FD Penalty Calculator & Renewal Advisor

This EPM FD Penalty Calculator & Renewal Advisor tool can be used for Fixed Deposits which are cumulative in nature – where payout is given at maturity.

Only 10 inputs will give you the decision taking ability on whether you should pre-close your previous Fixed Deposit or not. More than 200 people are already using the tool including many seasoned bankers.

One-time purchase will give you lifetime access. This one-of-a-kind tool is not available anywhere on the Internet and is also being used by bankers to do the penalty calculation and provide FD renewal advise.

Use this link to get the EPM FD Penalty Calculator & Renewal Advisor Tool for Cumulative Deposits at a 25% discount for Rs.750 only (the regular price is Rs. 1000). Use the discount code: epm25 (works on Mac and Windows Excel)

(Kindly write to feedback [AT] everypaisamatters [DOT] com after you pay).

Also, don’t forget to read how you can avoid paying penalty on your old Fixed Deposit when closing it for renewal (Even Bank Staff don’t know this).

And do also visit other useful calculators listed here.

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