Post Office RD Calculator: Calculate Recurring Deposit Maturity Amount Online
Calculate your Post Office Recurring Deposit returns instantly. Enter your monthly investment, interest rate, and tenure to see how much your RD will grow with quarterly compounding.
A Post Office Recurring Deposit (RD) is a savings scheme offered by India Post where you deposit a fixed amount every month for a chosen tenure. It is one of the safest investment options available as it is backed by the Government of India through the Indian postal system.
Post Office RD is ideal for individuals who want to build savings through small, regular monthly deposits. It encourages disciplined saving habits and provides guaranteed returns at a government-declared interest rate. The interest is compounded quarterly, which means your money grows faster compared to simple interest schemes.
The scheme is available at over 1.5 lakh post offices across India, making it one of the most accessible savings options. You can open a Post Office RD account with as little as ₹100 per month, and there is no upper limit on the deposit amount (in multiples of ₹10).
How Does the Post Office RD Calculator Work?
The Post Office RD calculator computes the maturity amount based on your monthly deposit, interest rate, and tenure. It takes three key inputs:
Monthly Investment (R) — The fixed amount you deposit every month
Interest Rate (r) — The annual interest rate (currently 6.7% p.a. for Post Office RD)
Time Period (t) — The tenure of your RD in years
The calculator uses quarterly compounding to compute the maturity amount. Each monthly deposit earns compound interest from the month it is deposited until the maturity date. The total maturity amount is the sum of all deposits plus the accumulated compound interest.
Post Office RD Maturity Formula
The maturity value of a Post Office RD with quarterly compounding is calculated by summing the future value of each monthly installment:
Maturity = ∑ R × (1 + r/4)(4 × remaining years for that deposit)
A simplified approach: for each monthly deposit, calculate the number of quarters remaining until maturity, and compound accordingly.
Where:
R = Monthly deposit amount
r = Annual interest rate (in decimal, e.g., 6.7% = 0.067)
4 = Quarterly compounding frequency
Example Calculation
If you deposit ₹5,000 per month for 5 years at 6.7% p.a. (quarterly compounding):
Total deposits = ₹5,000 × 60 months = ₹3,00,000
Total interest earned = approximately ₹57,730
Maturity amount = approximately ₹3,57,730
Features of Post Office Recurring Deposit
Post Office RD offers several attractive features for conservative savers:
Government-backed: Deposits are fully backed by the Government of India, making it one of the safest investment options
Low minimum deposit: Start with as little as ₹100 per month (multiples of ₹10)
No maximum limit: There is no upper limit on the monthly deposit amount
Flexible tenure: Standard tenure is 5 years, but can be extended in blocks of 5 years
Quarterly compounding: Interest is compounded quarterly, enhancing your returns
Loan facility: You can avail a loan of up to 50% of the balance after 12 monthly deposits
Premature withdrawal: Allowed after 3 years with a penalty
Nomination facility: You can nominate a person to receive the maturity amount
Wide accessibility: Available at over 1.5 lakh post offices across India
Post Office RD Interest Rates
The government declares Post Office RD interest rates every quarter. Here is a summary of recent rates:
Q1 FY 2026-27 (Apr-Jun 2026): 6.7% p.a.
FY 2025-26: 6.7% p.a.
FY 2024-25: 6.7% p.a.
FY 2023-24 (H2): 6.7% p.a.
FY 2023-24 (H1): 6.5% p.a.
FY 2022-23: 5.8% p.a.
FY 2020-21: 5.8% p.a.
Post Office RD rates have been stable at 6.7% since October 2023. While these rates are competitive compared to many bank savings accounts, some banks offer higher RD rates for certain tenures.
Tax Treatment of Post Office RD
Understanding the tax implications of Post Office RD is important for financial planning:
Interest is taxable: The interest earned on Post Office RD is fully taxable under "Income from Other Sources" as per your income tax slab
No TDS: Unlike bank RDs, there is no TDS (Tax Deducted at Source) on Post Office RD interest. However, you must declare the interest as income in your ITR
No 80C benefit: Post Office RD deposits do not qualify for deduction under Section 80C (unlike 5-year Post Office Time Deposit)
Accrual basis: Interest is taxable on an accrual basis, meaning you need to declare the interest earned each year even though it is not paid out until maturity
Post Office RD vs Bank RD: Comparison
Choosing between Post Office RD and Bank RD depends on your priorities:
Safety: Post Office RD is backed by the Government of India, while bank RDs are insured up to ₹5 lakh by DICGC. Post Office RD is considered slightly safer for very large deposits
Interest rates: Post Office RD offers 6.7% p.a. Some banks and small finance banks offer higher rates (up to 8%+ on Y1 Money partner banks)
TDS: No TDS on Post Office RD interest; banks deduct TDS if interest exceeds ₹40,000/year (₹50,000 for seniors)
Convenience: Bank RDs offer digital management, auto-debit, and online opening. Post Office RDs may require physical visits for some operations
Flexibility: Some banks offer more flexible RD tenures (1-10 years) compared to Post Office (typically 5 years)
Loan facility: Both offer loan against RD, but terms may vary
Earn higher returns with Y1 Money RDs — While Post Office RD offers 6.7%, Y1 Money partner banks offer RD rates up to 8.30%. Book an RD in under 2 minutes. All deposits insured up to ₹5 lakh by DICGC.
Frequently Asked Questions
The current Post Office RD interest rate for 2026 is 6.7% per annum, compounded quarterly. This rate is reviewed by the government every quarter. The rate has been stable at 6.7% since October 2023.
The minimum monthly deposit for a Post Office RD account is ₹100. Deposits must be in multiples of ₹10. There is no upper limit on the monthly deposit amount, making it flexible for investors of all sizes.
Yes, premature closure of Post Office RD is allowed after completing 3 years of deposits. However, the interest rate applied will be the Post Office Savings Account rate (currently 4%) instead of the RD rate. No premature closure is allowed before 3 years.
Yes, the interest earned on Post Office RD is fully taxable under "Income from Other Sources." However, unlike bank RDs, there is no TDS deducted on Post Office RD interest. You need to declare the interest income in your income tax return and pay tax as per your applicable slab rate.
Yes, you can avail a loan against your Post Office RD after completing at least 12 monthly installments. The loan amount can be up to 50% of the balance in the RD account. The interest rate on the loan is RD interest rate + 2%. The loan must be repaid in one lump sum.
If you miss a monthly installment, a default fee of ₹1 per ₹100 per month is charged. The account can be regularized by paying the missed installments along with the default fee. If defaults continue for more than 4 consecutive months, the account may be prematurely closed at the reduced interest rate.
Trusted by investors across India
Download Y1 Money to start investing in high-return FDs
