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RD Calculator

Find out what your monthly recurring deposit will grow to, at a bank or the post office — with the Post Office RD rules in full.

Where is the RD?

From ₹100 a month, in multiples of ₹10. No upper limit.

Current rate 6.7% (Oct–Dec 2026), set by the government every quarter. Your rate is fixed for the full term.

Term

Maturity amount

₹3,56,829

Total deposits
₹3,00,000₹3 lakh
Interest earned
₹56,829
Term
5 years
What your maturity amount is made of
  • Deposits₹3,00,000 (84.1%)
  • Interest₹56,829 (15.9%)
Value at the end of each yearDepositsInterest

Year-by-year balance

YearDepositsInterestBalance
Year 1₹60,000₹2,210₹62,210
Year 2₹1,20,000₹8,694₹1,28,694
Year 3₹1,80,000₹19,746₹1,99,746
Year 4₹2,40,000₹35,679₹2,75,679
Year 5₹3,00,000₹56,829₹3,56,829

Post Office Recurring Deposit (RD): all the rules

Tap a heading to expand it. Rules checked on 7 October 2026.

Who can open an account
  • A single adult, up to three adults jointly, a minor aged 10 or above in their own name, or a guardian on behalf of a minor or a person of unsound mind.
  • You can hold more than one RD account, alone or jointly.
  • A minor whose account was opened by a guardian can, on turning 18, either continue it or claim the amount due at maturity.
Deposits
  • Minimum ₹100 a month, in multiples of ₹10. The scheme sets no upper limit.
  • The first deposit is made when you open the account and fixes the monthly amount. You then make 60 monthly deposits in all.
  • If the account was opened between the 1st and the 15th, each deposit is due by the 15th of the month; if opened from the 16th onwards, by the last working day of the month.
Paying in advance
  • You can pay six or more instalments in advance, up to five years ahead, when you open the account or later.
  • A rebate is given per ₹100 of monthly deposit: ₹10 for 6 to 11 instalments paid in one calendar month, and ₹40 for every 12 plus ₹10 for any remaining 6 or more. Paying fewer than 6 in advance earns no rebate.
Missed deposits
  • Each missed instalment is paid later with a fee of ₹1 for every ₹100 of the instalment, for each month of default.
  • With up to four defaults, you can extend the maturity date by as many months as you missed and pay those instalments in the extra months.
  • After more than four defaults the account is treated as discontinued. It can be revived only within two months of the fourth default, by paying the missed deposits and the fee.
  • A discontinued account that is not revived is still paid at maturity, in proportion to the deposits made.
Interest and maturity
  • Interest is compounded every quarter and paid with your deposits at maturity. The rate on the day you open the account applies for the full term.
  • The account matures after 5 years. At the current 6.7%, each ₹100 of monthly deposit grows to ₹7,136.58.
  • The amount paid is rounded to the nearest rupee.
Extending after maturity
  • You can keep the account going for up to 5 more years, either continuing the same monthly deposits or leaving the maturity amount in without new deposits.
  • The official tables for extended accounts use the same rate as the original account. At 6.7%, ₹100 a month continued for the full 5 years grows to ₹17,085.46.
  • You can close an extended account at any time. Completed years are paid as in the official table; any extra months earn the Post Office Savings Account rate (currently 4%).
Loan against the account
  • After the account has run for one year and 12 deposits have been made, you can borrow up to 50% of the deposits made, in multiples of ₹10. The account must not be discontinued.
  • Simple interest is charged at 2 percentage points above the RD rate. You can repay in one go or in equal monthly instalments alongside your deposits.
  • Anything still owed on the loan is deducted when the account is closed.
Closing early
  • Allowed after 3 years from opening. Interest is then paid at the Post Office Savings Account rate (currently 4%), not the RD rate.
  • You cannot close early while a period you paid for in advance is still running.
Death of the account holder
  • No more deposits can be made. If all 60 deposits were made, the nominee or legal heir receives the maturity amount.
  • If fewer were made, they can wait until maturity and receive the amount in proportion to the deposits, or close the account early and receive the amount in the official table for the number of deposits made.
  • Alternatively, up to three surviving nominees or legal heirs can continue the account as if they had opened it. In a joint account, the surviving holders become the owners and can continue it or close it.
  • Protected Savings: the full maturity value of a ₹100-a-month account (₹7,136.58 at 6.7%) is paid even if not all deposits were made, if the holder was 18 to 55 at opening, died at least 2 years after opening, made the first 24 deposits without default, took no loan in those 24 months, and the account was not discontinued. For accounts above ₹100 a month, this applies only when it is more than the normal amount due. The claim must be made within a year of the death.
Tax
  • There is no tax deduction for RD deposits. The interest is fully taxable at your slab rate.
  • Senior citizens (60+) can also deduct up to ₹50,000 a year of interest from bank and post office deposits under Section 153 (the old Section 80TTB) — again only under the old tax regime.
  • The post office deducts TDS only if your interest from its deposits exceeds ₹50,000 in a tax year (₹1,00,000 for senior citizens).
Sources

Rules can change. Always confirm with your post office or bank before investing.

How to use this calculator

  1. Choose Post Office or Bank.
  2. Enter how much you will deposit every month.
  3. Keep the current Post Office rate, or enter your bank's rate and the term in months.
  4. Read the maturity amount, your total deposits and the interest earned.
  5. Switch chart views or open the year-by-year table.

How RD maturity is calculated

Interest is compounded every quarter. Each monthly deposit earns interest for the months left until maturity, so the maturity amount is the sum of every deposit grown on its own:

Maturity = Σ D × (1 + r ÷ 4)k ÷ 3, for k = 1 to n

D is the monthly deposit, r the yearly rate ÷ 100, n the number of deposits, and k the months each deposit stays in. This reproduces the official Post Office tables exactly: for example, ₹100 a month at 7.2% for 5 years gives ₹7,231.38, the figure in the RD Scheme, 2019.

Example: ₹5,000 a month at 6.7% for 5 years is 60deposits, ₹3,00,000 in total. The maturity amount is₹3,56,829, so ₹56,829 is interest.

Frequently asked questions

What is a recurring deposit (RD)?

An RD lets you save a fixed amount every month for a fixed term. Interest is added every quarter and you get your deposits plus all the interest at maturity. Banks and post offices both offer RDs.

What is the Post Office RD interest rate now?

6.7% a year for Oct–Dec 2026, compounded quarterly. The rate on the day you open the account stays the same for all 5 years. At this rate, every ₹100 of monthly deposit grows to ₹7,136.58.

How is a bank RD different from a Post Office RD?

A Post Office RD always runs 5 years (extendable by 5) at the rate set by the government each quarter. Banks set their own rates and usually offer a range of terms. Both normally compound interest every quarter, so this calculator works for either — switch to "Bank" and enter your bank's rate and term.

What happens if I extend my Post Office RD?

If you keep depositing ₹5,000 a month for 5 more years at 6.7%, the account grows to about ₹8.54 lakh after 10 years, against ₹3.57 lakh at the end of the first 5.

Can I close an RD early?

A Post Office RD can be closed after 3 years, but interest is then paid at the lower Post Office Savings Account rate. Banks allow early closure with a penalty that differs from bank to bank.

Is RD interest taxable?

Yes. RD interest is fully taxable at your slab rate, and there is no tax deduction for the deposits. Banks and post offices deduct TDS only if your interest from them exceeds ₹50,000 in a tax year (₹1,00,000 for senior citizens).

Should I choose an RD or a SIP?

An RD gives a guaranteed return; a mutual fund SIP does not — it may earn more over long periods, but its value goes up and down. For comparison, ₹5,000 a month for 5 years becomes ₹3,56,829 in an RD at 6.7%, while a SIP would reach ₹4,12,432 if it earned a steady 12% — which is not guaranteed.

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Last updated . For information only — not financial advice. Check the final figures with your lender or bank.