Going for premature withdrawal of fixed deposit? Know which type of bank FD minimises loss on interest and penalty

Calculate penalty on premature withdrawal of FD: There are two methods by which banks calculate the penalty on premature withdrawal of FD. The method of premature withdrawal is written in the terms and conditions of the bank FD. However, not many FD investors are aware of which method can cause them to lose more money. Review the calculations to determine which method is most beneficial for you.