Overdraft and FD overdraft interest calculator.
Estimate daily and period interest on an overdraft balance.
Overdraft and FD overdraft interest inputs
Interest is estimated on an average utilized balance. Banks may calculate daily on changing debit balances and add separate FD lien, renewal, penal or GST charges.
Method: The calculator applies your selected balance, rate, term, fee and repayment assumptions to a transparent planning calculation.
Inputs used: Currency = INR; Average overdraft utilized = 200,000; Annual overdraft rate = 12 %; Days utilized = 90 days; Facility fees = 0
Assumptions: The result uses the values, units and options shown in the input snapshot.
Scope and warnings: Interest is estimated on an average utilized balance. Banks may calculate daily on changing debit balances and add separate FD lien, renewal, penal or GST charges. Rounding and excluded real-world terms can make an external result differ.
How this overdraft and fd overdraft interest calculator works
The calculator applies your selected balance, rate, term, fee and repayment assumptions to a transparent planning calculation.
A worked example
Use current terms from your bank or card issuer before comparing an actual loan or credit facility.
Does this determine a bank-specific offer?
No. SBI, HDFC, ICICI and other lender terms depend on current pricing, eligibility and product conditions.
Calculations run on your device. Review your results before exporting or sharing them.
Use the average utilized balance
Interest is estimated over the selected days.
Daily bank balance calculations can differ.
Published by ToolMitra — methods and editorial approach.