Post Office Rd Scheme 2025 details, Calculator

Official Notification 2025 : Whatsapp Channel Join Now

Check Post Office Rd Scheme 2025 details, Calculator

post office rd scheme 2025 details, Calculator

In India Post, one can open Recurring Deposit (RD) account, which allows individuals to deposit a fixed amount every month for a specific tenure and earn interest on their savings. The Post Office RD Calculator helps in simplifying calculations. It is a digital tool that helps investors determine the maturity amount and interest earned based on factors like deposit amount, tenure, and interest rate, eliminating manual calculations.

The minimum deposit required to open an RD account is any multiple of Rs. 10 or Rs. 100 per month, with no upper limit on the balance that can maintained. To ensure steady growth of investments, the interest rate is up to 6.2% per annum, compounded quarterly. With an option to extend it for another five years upon submission of a formal application, the standard tenure for the scheme is five years

An RD account can opened in the name of a minor aged 10 years or above. This scheme provides an excellent opportunity to secure a disciplined way to save and grow wealth over time. Read through the complete article to know more !!

India Post Recurring Deposit (RD) – Overview

Feature	Details
Scheme Name	India Post Recurring Deposit (RD)
Deposit Frequency	Monthly
Minimum Deposit	₹100 per month or in multiples of ₹10
Maximum Deposit	No upper limit
Interest Rate	Up to 6.2% p.a., compounded quarterly
Tenure	5 years (extendable by another 5 years with a formal request)
Eligibility	Individuals, including minors aged 10 years or above
Calculator Availability	Digital Post Office RD Calculator to compute maturity amount & interest
Purpose	Encourages disciplined savings with steady returns
Maturity Calculation	Based on deposit amount, tenure, and applicable interest rate

Post Office: RD Calculator Working

To determine the maturity amount and interest earned based on key input parameters, the Post Office RD Calculator uses a simple formula.

The principal deposit, tenure, and applicable interest rate are considered.
For instant result generation, users need to enter these details into the calculator.

Post Office RD Calculator: Uses

It is easy and quick to make use of the Post Office RD Calculator.

In the respective fields, enter the monthly deposit amount, tenure, and interest rate
The calculator automatically computes and displays the maturity amount and total interest earned, once the details are provided.

Post Office: RD Calculator Formula

Using the compound interest formula, the RD maturity amount is calculated.

$M = P \times 1 - ( 1 + n r ) ^{-1 / 3} ( 1 + n r ) ^{n t} - 1$

Where:

M = Maturity Amount
P = Monthly Deposit Amount
r = Annual Interest Rate (in decimal)
n = Number of times interest is compounded in a year
t = Tenure in years

How to calculate Interest on the Post Office RD ?

The interest on a Post Office RD is compounded quarterly.
From the time of account opening the interest rate is fixed and remains constant throughout the tenure.
Interest includes the principal deposit and previously accumulated interest, which is based on total balance

Interest and Maturity Amounts Calculation :

Factoring in the initial deposit, tenure, and fixed interest rate, the interest is computed using the compound interest formula.
Maturity amount is a sum up of the principal deposit and the total interest earned over the selected tenure.

Post Office RD: Features

Minimum Deposit Amount: ₹100 every month with no maximum limit.
Tenure – It ranges between 5 years to 10 years.
Interest Rate – It is fixed at the time of account opening and is compounded quarterly.
Premature Withdrawal – One can withdraw after 3 years, subject to conditions and penalties.

Features of India Post RD

1. Eligibility :

Only a single adult can open an account.
On behalf of a minor, a guardian can open an account.
By up to three adults (Joint A or Joint B), joint accounts can opened.
For a person of unsound mind, a guardian can open an account.
For minors above 10 years old, they can open an account in their own name.
An individual can hold any number of RD accounts, there is no restriction.

2. Deposits

With cash or a cheque, accounts can opened (the deposit date is considered as the cheque clearance date).
The minimum monthly deposit is ₹100 and additional deposits in multiples of₹10.
Subsequent deposits are due by the 15th of each month for accounts opened before the 15th of the month
Deposits must made by the last working day of the month for accounts opened after the 16th.

3. Default

A default charge is applicable (₹1 per ₹100 per defaulted month), if a monthly deposit is missed.
Before making current month deposits, depositors must clear past defaults.
The account is discontinued but can revived within two months, if there are four consecutive defaults,
The account remains discontinued, and further deposits are not allowed, if revival does not occur,
The maturity period can extended by the number of months missed, if there are four or fewer defaults.

4. Advance Deposit

Advance deposits can made for up to 5 years, if the RD account is active,
Rebate for advance deposits:
- 6-month advance deposit – ₹10 (₹100 denomination account).
- 12-month advance deposit – ₹40 (₹100 denomination account).
At the time of account opening or any time thereafter, advance deposits can made.

5. Loan Facility

A loan up to 50% of the account balance can availed, after 12 instalments and one year of continuous deposits.
In one lump sum or monthly instalments, loan repayment can done.
Interest on the loan = RD interest rate + 2%
The outstanding loan amount + interest will deducted from the maturity amount, if the loan is not repaid by maturity.

6. Premature Closure

From the date of opening, RD accounts can closed after 3 years.
The Post Office Savings Account interest rate will applied if closed before maturity.
Premature closure is allowed only after the completion of the prepaid period if advance deposits were made.

7. Maturity & Extension

Standard maturity period: 5 years (with 60 monthly deposits).
By submitting a request, account holders can extend the account for another 5 years.
The original rate remains the same during the extension of the interest rate
Any time during the extension period, the account can closed but :
- The RD interest rate applies, for completed years,.
- The Post Office Savings Account interest rate applies, for periods less than a year.
For up to 5 years after maturity, the RD account can remain without deposits.

8. Repayment in Case of Account Holder’s Death

By submitting a request at the Post Office, the nominee /legal heir can claim the balance .
The nominee/legal heir may continue the RD account until maturity if desired, upon approval.

Benefits of Using RD Calculator :

It ensures accurate calculations based on the provided inputs.
It helps users to compare different investment options and choose the best one for their need.
It is available online for easy access anytime, anywhere.
It also eliminates manual calculations and providing instant results.

How to Open a Post Office RD Account?

To open a Post Office RD account is easy. Use the following steps :

Visit the Nearest Post Office that offers RD accounts.
Get the form from the post office or download it online and fill out the application form.
Submit Required Documents like KYC documents, including identity proof (Aadhar card, passport, driving license) and address proof (utility bill, rental agreement).
Attach passport-size photographs as per the application forms provided specifications.
Make the Initial minimum required amount (₹100 or more) deposit.
Review and ensure that all the details are accurate before signing the form.
Account activation will happen after the post office processes the application and activates the RD account.

Documents Required Post Office Rd Scheme :

The following mentioned documents are necessary to open an RD account :

KYC documents (As a proof of identity) and address proof.
Passport-size photographs – According to the application form requirements.
PAN Card – If asked for.

Factors Influencing Recurring Deposit Earnings :

There are several factors that determine the earnings from a Post Office RD which include :

Deposit Amount – The higher deposits will lead to higher maturity amounts.
Tenure – There will increased interest accumulation over longer tenure.
Interest Rate – The overall returns are in turn impacted by the fixed rate at the time of opening.
Compounding Frequency – The maturity value is enhanced by the quarterly compounding.

Closing Post Office: RD Account Online

As of now, the Post Office RD accounts cannot closed online.
You will have to visit the branch where the account was opened to close an RD account.
A closure request along with the RD passbook needs to submitted.
The maturity amount will paid to the account holder upon processing.