Whenever India’s central bank – RBI increases Repo Rate, the cost of borrowing money from RBI increases for the banks. If you face any issues after payment, email to or Why this Calculator? then read this thread on whether or not you should open it. If you are planning to open a Special Rate Fixed Deposit like 444 Days, 500 Days, 700 Days etc. So, if you are planning to pre-close (close ahead of maturity) your ongoing Fixed Deposit and instead planning to create a new one at higher rate of interest, this FD Premature Withdrawal Penalty and Renewal Calculator will give you the precise information you need to be able to take a decision. If you are looking for increasing the returns on your Recurring Deposits, then there is a separate calculator for the same. Once you have downloaded it, you can use the same forever and for any number of calculations. This calculator will further recommend the overall profit or loss when you are trying to switch from your old Fixed Deposit to a new one.Ī number of people including bank staff and financial advisors are using this calculator and have saved Lakhs !!!Īll the inputs are fully customizable. Get the FD Premature Withdrawal Penalty and Renewal Calculator which will help you in calculating the penalty imposed by banks during premature withdrawal or pre-closure of your Fixed Deposits.
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