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About this tool
Five-year National Savings Recurring Deposit maturity with quarterly compounding, default fees, advance rebate and premature closure.
This calculator projects a National Savings Recurring Deposit — the five-year post office RD — by valuing every monthly instalment for the months it actually stays invested and compounding quarterly at the notified small savings rate. It also applies the scheme's own rules: the ₹1 per ₹100 default fee on each missed instalment, the rebate for depositing six or twelve instalments in advance, and premature closure after three years at the Post Office Savings Account rate. Use it before committing to a sixty-month standing instruction.
Open Post Office Recurring Deposit Calculator on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
Includes the default fee, advance rebate, revival window and the three-year closure bar.
Each deposit is compounded for its own holding period, so the interest figure is not overstated.
Small savings rates are notified quarterly, so the rate is an input rather than a hard-coded constant.
6.7% a year has been notified for the quarters running from 1 January 2024, compounded quarterly. Small savings rates are reset every quarter by the Ministry of Finance, so check the latest notification — the rate field here can be changed to match it.
You can pay it later with a default fee of ₹1 for every ₹100 of the account's monthly denomination for each defaulted month, so a ₹1,000 account costs ₹10 per missed month. After four defaults the account is treated as discontinued and can only be revived within two months from the month of the fourth default.
Only after three years, and then interest is paid at the Post Office Savings Account rate for the whole period rather than the RD rate, which wipes out most of the gain. Closure before three years is not permitted except on the death of the depositor.
Neither. Interest on a five-year post office recurring deposit is fully taxable at your slab rate as income from other sources, and deposits do not qualify for a section 80C deduction — unlike the five-year post office time deposit, which does.
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