Post Office Recurring Deposit (RD) Calculator
Calculate maturity amount for the Post Office 5-Year RD Scheme at 6.7% interest compounded quarterly.
Calculate RD Maturity
Enter Investment Details
Minimum ₹100 per month.
Current Rate: 6.7% (Compounded Quarterly).
About Post Office Recurring Deposit (RD)
Post Office RD is a government-backed scheme that allows you to save small fixed amounts every month for 5 years, earning a competitive interest rate compounded quarterly. It is ideal for building a disciplined savings habit with guaranteed returns.
Eligibility & Key Rules
| Who Can Open? | Any Indian resident individual |
| Joint Account | Up to 3 adults (Joint A or Joint B) |
| Minor Account | Guardian can open on behalf of minor (10+) |
| Minimum Deposit | ₹100 per month (multiples of ₹10) |
| Maximum Deposit | No upper limit |
| Interest Rate | 6.7% p.a. (Compounded Quarterly) |
| Tenure | 5 Years (extendable for another 5 years) |
Interest Calculation Formula
Post Office RD uses Quarterly Compounding:
A = P × [(1 + r/400)^20 − 1] / [(1 + r/400)^(1/3) − 1]
Where: P = Monthly Deposit, r = Annual Rate %, 20 = Quarters in 5 years
A = P × [(1 + r/400)^20 − 1] / [(1 + r/400)^(1/3) − 1]
Where: P = Monthly Deposit, r = Annual Rate %, 20 = Quarters in 5 years
Key Features
- Loan Facility: Loan of up to 50% of balance available after completing 1 year.
- Premature Closure: Allowed after 3 years; interest paid at savings account rate.
- Extension: Can be extended for another 5 years after maturity.
- Default: Up to 4 defaults allowed; account discontinued after 4 missed months.
- Nomination: Nomination facility available at the time of opening or later.
Example Calculation (₹1,000/month at 6.7%)
| Monthly Deposit | ₹1,000 |
| Total Deposited (5 yrs) | ₹60,000 |
| Maturity Amount (5 yrs) | ≈ ₹71,355 |
| Total Interest Earned | ≈ ₹11,355 |
* Calculations based on 6.7% p.a. compounded quarterly. Actual returns may vary with rate revisions. Interest is subject to TDS if applicable.