We have designed a simple excel based Post Office RD calculator where you can input the monthly instalment & interest rate and it will calculate the interest earned and maturity value. Post Office like Banks offer Recurring Deposit. The only difference is in banks you can choose tenure depending on our needs but Post Office RD is available for fixed tenure of 5 years. The good thing is the interest offered is generally higher than most government banks.
Post Office RD Calculator
Calculating Post Office RD interest payout or maturity value is bit complicated. Using this calculator, if you invest Rs 1,000 per month at 7.3% interest for 5 years term, the maturity amount would be Rs 72,505.
How to use Post Office RD Calculator?
As can be seen in the picture above, you need to input the interest rate and the monthly instalment amount. The calculator would…