Post Office RD Calculator - Post Office Recurring Deposit Calculator

Post Office RD Calculator

Investment Breakdown

Total Investment
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Total Interest
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Maturity Value
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Post Office RD: Smart Saving Strategy

Key Benefits

  • Government-backed security
  • Start with just ₹100/month
  • 6.7% annual interest (2024)
  • Tax-saving benefits under 80C
  • Flexible tenure options

Quick Comparison

Feature Post Office RD Bank RD Equity SIP
Safety Government Backed DICCI Insured Market Risk
Returns (2024) 6.7% Fixed 5.5-7.25% 10-15%*
Tax Benefits 80C up to ₹1.5L None Equity LTCG benefits
Liquidity Premature withdrawal with penalty Usually allows closure Anytime redemption

Why Choose Post Office RD?

Top 5 Advantages

  • Higher interest rates than most bank FDs
  • Complete capital protection
  • Flexible investment horizon (1-5 years)
  • Joint account facility available
  • Auto-debit payment options

Ideal For

Perfect match if you:
  • Want risk-free monthly savings
  • Are in 20-30% tax bracket
  • Need funds for short-term goals (3-5 years)
  • Prefer fixed income instruments

Step-by-Step Account Opening

  1. Visit nearest post office with ID proof
  2. Fill Form RD-1 (Available online)
  3. Provide KYC documents
  4. Choose auto-debit or manual payments
  5. Collect passbook and payment schedule
Pro Tip: Combine with SSY for girl child education planning or SCSS for senior citizen returns optimization.

Frequently Asked Questions

Partial withdrawals allowed after 3 years without penalties.
Quarterly compounding using formula: M = R[(1+i)^n -1]/(1-(1+i)^-1/3)
Minimum ₹100/month with no upper limit. Investments must be in multiples of ₹10.
No, only resident Indians can open Post Office RD accounts. NRIs should consider NRE/NRO deposits.
While SIPs offer market-linked returns, Post Office RD provides guaranteed returns. RDs are better for capital preservation.