The National Savings Certificate (NSC) offered by the Indian Postal Service, fixed deposits (FDs) offered by banks, and post office term deposits (POTD) are all types of savings and investment options. However, they have different features and may be better suited for different types of investors. National Savings Certificate (NSC) is a type of savings … Read more
By using these FD pre-closure Penalty Calculators, you will be able to easily calculate the penalty being charged on your fixed deposit. Penalty is charged in cases where Fixed Deposits are prematurely withdrawn ahead of their scheduled maturity.
There are 3 types of calculators available on this page –
These calculators will only help in calculating the penalty being charged by the bank. In case you are looking to close your fixed deposit due to low interest rate, then you should use this Renewal Advisor for the same.
Before you can access these calculators, you will need to purchase them via EPM Shop or via links below.
Want to know how these calculators work? You can try DEMO for these calculators from this page.
After purchasing, kindly login to use this calculator or click here to register.
You can use the coupon codes to further lower the price.
Read This before purchasing an Online calculator.
This FD Premature Withdrawal Penalty Calculator and Renewal Advisor will calculate the Penalty for cases where Fixed Deposits are being prematurely withdrawn and also will advise on the profit/loss in case you choose to renew the Fixed Deposit at a revised interest rate.
This tool will calculate penalty for anyone looking to prematurely withdraw, close or renew their Fixed Deposits with payouts at Maturity and provide the a recommendation whether you should opt for renewal before maturity or not.
RD Premature Closure Calculator and Renewal Advisor which will help you in calculating the penalty imposed by banks during premature withdrawal or pre-closure of your Recurring Deposit (RD).
If you are planning to pre-close or renew your old Fixed Deposit, then you need the interest rate applicable for the reduced duration to be able to accurately calculate the penalty amount and the benefit you will be getting in case of renewal.
If you are planning on investing ₹1.5 Lakh for Tax Savings under Section 80 of the Income Tax Act and thinking whether you should invest your money in NSC (National Savings Certificate, part of Post Office Small Savings Scheme) or in Tax Saver Fixed Deposit Scheme with Banks, then this blog may give you some insights.