Post Office Recurring Deposit (RD) Calculator

Rules, opening & closing

How to open, how to close, premature withdrawal rules, and main regulations for this scheme.

How to open a Post Office RD account?

Visit any post office with identity proof (Aadhaar, PAN), address proof, and the first monthly deposit (min ₹100, in multiples of ₹10). Fill the Recurring Deposit account opening form. No maximum monthly deposit. Account can be single, joint, or in the name of a minor (guardian). One or more RD accounts can be opened.

How to close or withdraw at maturity?

Tenure is 5 years. On maturity, visit the post office with the passbook and identity proof. Submit a closure form. The maturity amount (all deposits + interest compounded quarterly) is paid. You can also extend the account. No automatic renewal; you must apply for payment.

Can I close or withdraw prematurely? What are the rules?

Premature closure is allowed after 3 years. Interest is paid at the rate applicable to the scheme (or 1% less than the RD rate if closed before 3 years, as per prevailing rules). No partial withdrawal; only full closure. Loan against the RD is allowed after 12 monthly deposits (up to 50% of balance), subject to post office rules.

What are the main rules and regulations?

Minimum deposit ₹100 per month; multiples of ₹10; no upper limit. Tenure 5 years. Interest is compounded quarterly; rate is fixed at account opening (e.g. 6.7% for 5-year). At least one deposit per month; default may attract a penalty. Interest is taxable. Nomination is allowed. Transfer between post offices is permitted.

Who is eligible and what documents are needed?

Resident Indians; single, joint, or minor through guardian. Documents: Aadhaar/identity proof, address proof, photograph, and completed form. NRIs cannot open a new RD at post office.