The Post Office Recurring Deposit (RD) scheme is a popular savings instrument that encourages disciplined monthly savings while offering secure, government-backed returns. With the current interest rate of 6.7% per annum (as of January 2024, compounded quarterly), it's an excellent option for risk-averse individuals looking to build a corpus over 5 years.

Our Post Office RD Calculator helps you estimate the maturity amount and total interest earned. Here's how to use it:

1. Monthly Deposit Amount: Enter the amount you plan to deposit each month (Min: ₹100, in multiples of ₹10. No maximum limit).
2. Interest Rate (% p.a.): The current interest rate is pre-filled (e.g., 6.7%). You can adjust this for different rate scenarios or if the rate changes in the future for new accounts.

The calculator will then show your total principal invested, total interest earned, and the final maturity value after 5 years, based on quarterly compounding.