Post Office RD (Recurring Deposit) Calculator 2026: Interest Rate (6.7%), Rules & Premature Closure

For salaried employees, small business owners, and rural households aiming to accumulate a guaranteed lump sum corpus through small, regular monthly contributions, the 5-Year Post Office Recurring Deposit (RD) Account is one of the most accessible savings products in India. Offering an attractive 6.7% annual interest rate compounded quarterly, it eliminates equity volatility while maintaining total sovereign safety.

Using a reliable post office rd calculator interest rate schedule enables savers to select an optimal monthly installment that aligns with their future financial targets.

Post Office RD Maturity Calculation Table (5 Years / 60 Months at 6.7%)

Here is the exact maturity payout calculated at the current 6.7% quarterly compounding rate:

Key Account Operating Rules: Defaults, Loans & Premature Closure

• Loan Against RD Account: After 1 year (12 continuous monthly deposits), you can avail a low-interest loan of up to 50% of the balance standing in your account. The interest rate charged is just 2% above the RD interest rate (i.e. 8.7%).
• Premature Closure (PMC): An RD account can be closed prematurely after completing 3 years from the opening date. In such cases, interest is recalculated at the standard Post Office Savings Account rate (4.0% p.a.).
• Default Penalty: If a monthly installment is missed, a nominal default fee of ₹1 for every ₹100 denomination is charged per month. An account with more than 4 consecutive defaults becomes discontinued, but can be revived within 2 months.

Frequently Asked Questions (FAQs)

1. Can I open multiple RD accounts in a single post office?

Yes. Any individual can open an unlimited number of separate Recurring Deposit accounts in their own name or jointly with another adult.

2. Can an RD account be extended after 5 years?

Yes. You can submit an application to extend your 5-year RD account for another 5 years at the prevailing interest rate with or without further monthly deposits.

3. Can I pay my monthly RD installments through mobile banking?

Yes. Using the IPPB Mobile Banking App or India Post Net Banking, you can set up standing instructions or manually pay monthly installments digitally via UPI or net banking.

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