Post Office along with providing postal services and also offer FD (Fixed Deposit) Scheme officially known as Post Office Time Deposit. We have designed a simple excel based Post Office FD calculator where you can input the investment amount, interest rate and it will calculate the interest earned and maturity value. This FD is similar to that offered by banks but has two advantages. The interest offered is generally higher than most government banks and its guaranteed by Government of India (and hence 100% safe from credit default).
Post Office FD Calculator
Calculating Post Office FD interest payout or maturity value is pretty simple using the compound formula below:
Maturity Value = Principal * (1 + Interest Rate/4)^(Tenure in Years*4)
The above formula is for interest compounded quarterly.
Using this formula, if you invest Rs 1 Lakh at 7.8% interest for 5 years term,…