The RD calculator computes the maturity value of a recurring deposit at any bank, and of the Post Office 5-year RD at the current rate of 6.7%. It uses quarterly compounding, the method both banks and India Post follow.
Post Office RD maturity table (5 years at 6.7%)
| Monthly deposit | Total deposited | Maturity value | Interest |
|---|---|---|---|
| Rs. 2,000 | Rs. 1,20,000 | Rs. 1,42,732 | Rs. 22,732 |
| Rs. 5,000 | Rs. 3,00,000 | Rs. 3,56,829 | Rs. 56,829 |
| Rs. 10,000 | Rs. 6,00,000 | Rs. 7,13,658 | Rs. 1,13,658 |
How RD interest is calculated
Maturity = sum over every instalment of R x (1 + i/4)^(4 x months remaining / 12) R = monthly deposit, i = annual rate
Each instalment earns interest only for the months it stays invested, so the first instalment earns the most and the last the least.
Post Office RD rules
- Minimum Rs. 100 a month, in multiples of Rs. 10; no maximum.
- Tenure 5 years, extendable by another 5 years.
- Loan up to 50% of balance after 12 instalments.
- Premature closure after 3 years earns the savings account rate.
- Interest is taxable; no TDS on post office RD.
Frequently asked questions
What is the Post Office RD interest rate now?
6.7% a year, compounded quarterly, for October to December 2026.
RD or SIP: which is better?
RD gives guaranteed, taxable returns. An equity SIP has historically earned more over 5+ years but can fall in the short term. Compare with the SIP calculator.