Post Office Recurring Deposit Calculator – Check Eligibility Criteria, Documents Required & Benefits


5 min read

There are different schemes backed by the government of India where you can invest to gain maximum returns. The Post Office Recurring Deposit (RD) is one such scheme that is safe and reliable to risk your hard-earned money with. 

People wishing to invest in a Post Office Recurring Deposit can use the Post Office RD calculator – a useful tool to estimate an RD’s maturity and interest value. RD scheme is a secured and risk-free plan that can be used by investors to save a corpus for the future. With the RD calculator, you can estimate your returns under the scheme, as it gives a more accurate projection.

In this post, we will learn about the post office RD calculator.

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What is the Post Office RD Calculator?

It is an online tool used to evaluate the interest earned and the maturity value to be received under a Post Office RD Account.

The various factors considered by a post office RD Calculator are:

  • Deposit amount
  • Tenure of investment
  • Post office interest rates

The tool offers an accurate evaluation of the returns received by an investor at maturity.

How Does the RD Calculator Post Office Work?

It is very simple to use the Post Office RD calculator. You just need to enter the below inputs to calculate the values as required:

1. Deposit Amount:

This is a fixed amount that is deposited in the RD account by the investor each month

2. Tenure of the RD Scheme:

The tenure/duration of the RD is the time period for which the RD is held. This can be as short as 6 months or as long as 10 years

3. Interest Rate:

The interest rate is offered by the Post Office and is subject to periodic change

When all the above inputs are entered in the required fields of the RD calculator, the calculator instantly does the estimation and shows the result in terms of interest earned as well as the maturity value of the account.

The Process to use the Post Office RD Calculator

There is no experience required to use the Post Office RD Calculator. It is an utterly simple process. Below are the steps needed to follow by investors to calculate post office RD benefits:

1. Look for the Post Office RD Interest Rate Calculator online. You can visit to access the post office RD calculator

2. Once you are on the calculator interface page, you need to submit the below details:

  • The amount you want to deposit under the RD scheme
  • Term/tenure of the investment (in terms of months)
  • The interest rate as offered by the Post Office (which keeps changing)

3. Once these details are entered, the India Post RD calculator will instantly display the following:

  • The maturity amount you can earn
  • The principal amount you would invest in total, and
  • The interest you can earn

You can use different tenures, amounts deposited, and different interest rates to see the maturity value that you can earn under the plan.

What is the Post Office Recurring Deposit Formula?

Calculations of RD or Recurring Deposits can be done with the help of a Post Office RD Interest Rate Calculator. However, it can also be done using the below formula.

M =R X [(1 + i) X n – 1] / 1 – (1 + i) (-1 / 3)


‘M’ is the maturity value

‘R’ is the deposited amount invested monthly

‘N’ is the total tenure or the number of quarters in a tenure

‘I’ is the rate of Interest divided by 400 (for 4 quarters/year)

Post Office RD Account – Eligibility Criteria 

Below are the criteria for eligibility to join the Post Office Recurring Deposit Scheme:

1. You should be a resident individual with a;

  • Single Account in Post Office, or
  • Joint Post Office Account (with maximum 3 adults)

2. Minors below 10 years can open an RD account through a guardian/parent

2. If the minor is above 10 years of age, they can get the account in their name

3. In the case of an adult with an unsound mind, they can open an account through parent/guardians

Documents Required to open a Post Office RD account

Below are the papers required to start a 5-year post office RD account:



Basic documents 
  • Form of Post Office National Savings RD Account
  • Photographs (passport-size)
  • Nomination Form
ID proof 
  • Pan Card
  • Aadhar Card
  • Passport
  • Voter ID Card
  • Driving License
Address proof 
  • Bank Statement
  • Aadhar Card
  • Utility Proof
  • Rental Agreement

Benefits of Post Office RD Calculator

The key benefits of using a Post Office Recurring Deposit Calculator are mentioned below:

  • The tool offers accurate estimations of the interest that can be earned under the Post Office RD account as well as its maturity value
  • It offers instant results and saves a lot of time and effort
  • The tool eliminates the use of complex calculation methods done manually
  • The post office RD calculator uses an interface that is user-friendly and simple to use
  • The tool helps in having better investment plans
  • It allows the user to enjoy complete transparency while doing the calculations
  • It is a free tool and can be used several times required with no charges

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To Sum Up

If you are looking at investing your money in a recurring deposit scheme, you can use the post office RD interest rate calculator to estimate the benefits you can earn out of that account. It is a good tool for easy and transparent estimations.

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FAQs: What is Post Office Recurring Deposit (RD) Calculator

How do you calculate post office RD?

Post Office RD can be calculated by using the Post Office RD Calculator to know the interest and maturity amount that can be earned from an RD account.

Which is the best RD for 1 year in India?

Below are some best RD for 1 year in India:
~ SBI RD Interest Rates - 6.80% (General RD)
~ ICICI RD Interest Rates - 6.70% (General RD)
~ HDFC RD Interest Rates - 6.60% (General RD)
~ Axis Bank RD Interest Rates - 6.80% (General RD)
~ PNB RD Interest Rates - 6.80% (General RD)

What is the interest rate of Post Office Savings Bank RD?

Post Office Savings Bank RD is available at an interest rate of 6.20% p.a. from 01 April 2023.

Can RDs be withdrawn anytime?

Yes, Post Office RD can be withdrawn at any time once it completes three years duration. However, a penalty is levied on the account holder if the RD is withdrawn before 5 years tenure.

What is a Post Office SIP Calculator?

A Post Office Systematic Investment Plan or SIP calculator is a tool that evaluates the benefits received under a post office SIP for investors.

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Aug 22, 2023
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PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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