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Finance Calculators

CD Early Withdrawal Penalty Calculator

Verified formula Updated Jun 2026 Private — runs on your device

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Verified formula Private

Early withdrawal penalty

₹3,000.00

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the CD Early Withdrawal Penalty Calculator

The CD Early Withdrawal Penalty Calculator works out your early withdrawal penalty in an instant. Enter deposit amount, annual interest rate and penalty (months of interest) and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the deposit amount.
  2. Enter the annual interest rate.
  3. Enter the penalty (months of interest).
  4. Read off your early withdrawal penalty — the calculator updates automatically, with no button to press.

Formula

The CD Early Withdrawal Penalty Calculator uses the formula:

Early withdrawal penalty = Deposit amount × Annual interest rate ÷ 100 × (Penalty (months of interest) ÷ 12)

Worked example

For example, with deposit amount of 100,000, annual interest rate of 6% and penalty (months of interest) of 6, the early withdrawal penalty is ₹3,000.00.

Inputs used
Deposit amount 100,000
Annual interest rate 6%
Penalty (months of interest) 6
Results
Early withdrawal penalty ₹3,000.00

Results are estimates for educational use, not professional advice.

Key terms explained

Interest rate
The percentage charged on a loan or paid on savings, usually quoted per year (per annum).

Frequently asked questions

It is usually a set number of months of interest. For 100,000 at 6% with a 6-month penalty, that is 3,000.

A certificate of deposit (or fixed deposit) locks in funds for a term. Withdrawing early breaks that agreement, so a penalty applies.

If you withdraw before earning enough interest, the penalty can reduce your original deposit.

Hold the CD to maturity, build a CD ladder, or keep an emergency fund in a flexible account instead.

Enter the deposit amount. Enter the annual interest rate. Enter the penalty (months of interest). Read off your early withdrawal penalty — the calculator updates automatically, with no button to press.

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