Post Office RD Calculator Tool

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How to use this tool?

It’s great to know that you are using our Post Office Recurring Deposit (RD) Calculator 2023, a simple tool we have designed to help you know the maturity amount of your recurring deposit investment. Follow these steps to calculate your returns:

1. Monthly Deposit: Enter the amount you plan to deposit every month in the “Monthly Deposit” field.
2. Interest Rate: Input the annual interest rate offered by your RD scheme in the “Interest Rate (%)” field.
3. Tenure: Specify the tenure of your investment in months using the “Tenure (months)” field.
4. Click the “Calculate RD” button to see the estimated maturity amount.

The final matured amount will be displayed below.

How to Calculate Post Office Recurring Deposit (RD)

If you want to calculate the final maturity amount after a certain number of years, follow the below steps:

1. Calculate Monthly Maturity Amount:
   • You’re investing money monthly (let’s say Rs1000 each month).
   • The formula to find out how much your investment grows each month is M = P(1 + r/n)^(nt).
     • M is the maturity amount (how much money you’ll have at the end).
     • P is the monthly investment (Rs1000 in your example).
     • r is the annual interest rate (0.074 or 7.4% in your case).
     • n is the number of times interest is compounded per year (12 if it’s monthly).
     • t is the investment period in years (60 months or 5 years in your case).
   • So, for the first month, plug in the values into the formula: M1 = 1000(1 + 0.074/12)^(12*5) = Rs1,414.78.
2. Calculate Subsequent Monthly Maturity Amounts:
   • For each following month, you reduce the investment period by one month and use the same formula.
     • For the second month, it becomes M2 = 1000(1 + 0.074/12)^(12*4), and so on.
     • Repeat this process for each month until you reach the end of the investment period.
3. Final Maturity Amount:
   • Add up all the monthly maturity amounts for the 60-month investment period.
     • For example, M1 + M2 + … + M60 gives you the total amount you’ll have at the end of the 5 years.

In simpler terms, you’re figuring out how much your money grows each month with interest, and then adding up all those amounts to see how much you’ll have at the end of your investment period.

Post Office RD Interest Rate 2022-2023

Year	5 Yrs. Interest Rates
FY 2022-23	6.70% (Quarterly Compounded)
FY 2021-22	6.70% (Quarterly Compounded)
FY 2020-21	6.70% (Quarterly Compounded)
FY 2019-20	7.20% (Annually compounded)
FY 2018-19	7.30% (Annually compounded)

5 Years RD in Post Office Calculator

Per Month Investment	Maturity Amount
post office rd 2000 per month 5 years	₹142731.66
post office rd 6,000 per month 5 years	₹428194.97
post office rd 1,000 per month 5 years	₹71365.83
post office rd 500 per month 5 years	₹35682.91
post office rd 3000 per month 5 years	₹214097.49