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Penalty Calculator and Renewal Advisor will calculate the Penalty for cases where Fixed Deposits are being prematurely withdrawn and also will advise on the profit/loss in case you choose to renew the Fixed Deposit at a revised interest rate.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.
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.