Post Office Recurring Deposit (RD) calculator
Written and reviewed by Omm · Last reviewed · General information, not investment advice
A Post Office Recurring Deposit (RD) is a fixed amount saved every month for 5 years. Enter the monthly amount to see the maturity value.
Between 100 and 1000000
Between 1 and 15
Total deposited
₹3,00,000
Interest earned
₹56,829
Maturity value
₹3,56,829
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| 1 | ₹60,000 | ₹2,210.16 | ₹62,210 |
| 2 | ₹60,000 | ₹6,484.14 | ₹1,28,694 |
| 3 | ₹60,000 | ₹11,052 | ₹1,99,746 |
| 4 | ₹60,000 | ₹15,933 | ₹2,75,679 |
| 5 | ₹60,000 | ₹21,150 | ₹3,56,829 |
Rate used
- Period
- October–December 2026 (Q3 FY 2026-27)
- Notice
- F. No. 1/4/2019-NS, 30.09.2026
- Checked
- 12.10.2026
Sources: Office memorandum F. No. 1/4/2019-NS dated 30.09.2026 (republished by TaxGuru) · Indian Bank: interest rates for small savings schemes · Department of Economic Affairs, Budget Division
How the money is calculated
- Interest compounds every quarter. Each monthly instalment earns interest from the month it is paid until maturity.
- The rate is fixed for 5 years at the rate in force when you open the account.
Maturity = Σ over 60 instalments of P × (1 + rate ÷ 4)^(months remaining ÷ 3)
A worked example you can check
₹100 a month for 5 years at 6.7% grows to ₹7,136.58. ₹5,000 a month grows to ₹3,56,829, of which ₹56,829 is interest.
Rules at a glance
- Monthly deposit
- ₹100 or more, in multiples of ₹10
- Term
- 5 years
- Interest
- 6.7% a year, compounded quarterly
Tax
There is no deduction for the RD, and the interest is taxable. Tax rules are those of the Income-tax Act, 2025, in force from 1 April 2026; check your own position before relying on them.
Frequently asked questions
What is the current Post Office RD rate?
6.7% a year, compounded quarterly, for accounts opened in October–December 2026 (Q3 FY 2026-27).
How much does ₹100 a month give after 5 years?
₹7,136.58 at 6.7%.
Is RD interest taxable?
Yes. There is no tax deduction for the RD, and the interest is taxable.
How much will ₹1,000, ₹5,000 and ₹10,000 a month in Post Office RD become?
At 6.7% over 5 years, ₹1,000 a month becomes ₹71,366, ₹5,000 a month becomes ₹3,56,829 and ₹10,000 a month becomes ₹7,13,658.
Can I close a Post Office RD early?
Yes, after 3 years from the date of opening, according to India Post. Ask what interest is paid on early closure, because it can be lower than the RD rate. Rules can change, so confirm at your post office or bank before acting.
Can I take a loan against a Post Office RD?
Yes. India Post states that after 12 instalments, with the account continued for a year, you can borrow up to 50% of the balance. Rules can change, so confirm at your post office or bank before acting.
Can the RD be continued after 5 years?
Yes. India Post states the account can be extended for a further 5 years on application, at the interest rate at which it was originally opened. Rules can change, so confirm at your post office or bank before acting.
Sources
Rules, rates and definitions on this page come from these official sources. Check the current position there before you decide.
- Ministry of Finance, Department of Economic Affairs · Quarterly notice of small savings interest rates
- India Post · Scheme rules and how to open an account
- National Savings Institute · Small savings scheme rules
- Income Tax Department · Tax on interest and gains, and deductions