Calculate your Recurring Deposit maturity amount. RD allows you to save a fixed amount monthly and earn interest with quarterly compounding.
| Total Deposited | — |
| Interest Earned | — |
| Maturity Amount | — |
RD uses quarterly compounding: M = R × [(1+i)^n – 1] / (1 – (1+i)^(-1/3)), where R = monthly deposit, i = quarterly interest rate, n = number of quarters.
Post Office RD (currently 6.7%) is government-backed with guaranteed returns. Bank RDs typically offer 6.5%–7.5% with slightly higher rates for senior citizens. Post Office RD deposits are backed by the Government of India — ideal for risk-averse investors.
If total interest earned in a year exceeds ₹40,000 (₹50,000 for senior citizens), TDS at 10% is deducted. You can avoid TDS by submitting Form 15G/15H if income is below taxable limit.
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