5-year Post Office RD with quarterly compounding.
Fill in the details and click Calculate to see your results.
![Post Office RD formula: M = P × [ ((1 + q)²⁰ − 1) ÷ (1 − (1 + q)^(−1/3)) ]; Interest = M − (P × 60)](https://powercalculators.com/assets/img/calculators/post-office-rd-1200x630.jpg?v=ed58a43160 "Post Office Recurring Deposit — formula explained")
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A Post Office Recurring Deposit is a 5-year savings plan in which you deposit a fixed amount every month. Interest is compounded quarterly and the account matures after 60 monthly deposits.
Enter your monthly deposit and the current interest rate to see the maturity amount, your total deposits and the interest earned.
| Monthly Deposit | ₹5,000 |
| Annual Interest Rate | 6.7% |
| Maturity Amount | ₹3,56,829 |
| Total Deposited | ₹3,00,000 |
| Interest Earned | ₹56,829 |
| Number of instalments | 60 |
Maturity ₹3,56,829.
| Monthly Deposit | ₹10,000 |
| Annual Interest Rate | 6.7% |
| Maturity Amount | ₹7,13,658 |
| Total Deposited | ₹6,00,000 |
| Interest Earned | ₹1,13,658 |
| Number of instalments | 60 |
Maturity ₹7,13,658.
Five years. It can be extended for a further five years in blocks under the scheme rules.
The rate is fixed for your account at the time you open it, but the government revises the rate for new accounts every quarter.
Yes, a guardian can open one for a minor, and a minor above ten can operate it under the rules.
About ₹3,56,830 after 5 years at 6.7% (₹3 lakh deposited + ₹56,830 interest).