Post Office RD (Recurring Deposit) is a 5-year savings scheme with quarterly-compounded interest at 6.7% (FY 2025-26 rate). Calculate the maturity amount for your monthly contribution. Compare against bank RDs which are typically 5.5-6.5% to see if the small premium of Post Office is worth the trip to the post office.
When to use this
Use when: planning a 5-year savings goal (kids' tuition, home down-payment), comparing PO RD vs bank RD vs SIP, projecting maturity for already-running PO RDs, evaluating whether to continue post-maturity at the same rate vs withdraw and invest elsewhere.
Frequently Asked Questions
Can I withdraw Post Office RD before 5 years?
Premature closure allowed after 3 years with reduced interest (Savings Account rate, currently 4%). One partial withdrawal of up to 50% balance allowed after 1 year. Closing before 1 year not allowed.
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