Post office recurring deposit interest rate calculator

How the post office recurring deposit interest rate calculator works

Each monthly deposit earns interest for the number of months it stays in the account, with interest added every quarter. The calculator adds up all sixty deposits this way:

This is the standard Indian RD method, which is why the result is close to the post office's printed maturity tables.

Maturity table for ₹1,000 a month

Scale it up: ₹3,000 a month is three times each figure.

Using the 10 year option

At maturity you may extend the RD for five more years. Pick 10 years to see the effect if you keep paying. The calculator uses the same rate, which is how the extension works under current rules, since it keeps the original rate. A ₹1,000 RD kept for ten years grows to roughly ₹1.7 lakh against ₹1.2 lakh paid in.

The post office RD scheme 1000 per month question

The most common search is how much ₹1,000 a month becomes. Answer: roughly ₹71,370 after 60 months at 6.7%. Two quick ways to change that number:

• Pay a little more: ₹1,500 a month gives about ₹1,07,050.
• Pay in advance: six or more months paid ahead earn a small rebate.

Missing months does the opposite: each default costs ₹1 per ₹100 and pushes maturity later. The rules are explained on the post office RD scheme page.

Why this differs from a bank RD calculator

Bank RDs can run from six months to ten years at rates that differ by bank and tenure, and seniors often get more. Our recurring deposit calculator lets you enter any rate and any number of months for that purpose. This page is fixed to the post office rate and term so you cannot accidentally plan with the wrong figures.

Before you rely on the number

• Interest is taxable each year as it accrues; the calculator shows it before tax.
• Closing after three but before five years pays only the savings rate of 4.0%.
• Check the current post office RD interest rate if you are reading this near a quarter change.

Post office RD scheme calculator: other names

This page is also the post office RD scheme calculator, the postal recurring deposit calculator and the PO recurring deposit calculator that people search for. A recurring deposit interest calculator post office version only needs the monthly amount, because the rate and term are fixed by the scheme. That is why the recurring deposit calculator in post office form here has fewer boxes than a bank one.

If you want a post office RD scheme returns calculation for a past account, remember the account keeps its opening rate; enter the passbook rate into the bank RD calculator instead, which accepts any rate.