Post office RD calculator
Five years of monthly instalments at the post office, and what the default rules cost.
Keep this answer
Record this deposit once and the app does the rest: reminded before it matures, told the day TDS starts at that bank, and the rules of the product explained with your own numbers. Free, and your deposits stay on your phone.
Get it on Google PlayPaying an EMI as well? The Freebird EMI calculator does the same job for loans.
Questions people ask
What if I miss an instalment?
₹1 per ₹100 per month of default. After four defaults the account is discontinued, though it can be revived within two months.
Can I pay in advance?
Yes, and six or twelve months paid in advance earn a rebate.
Can I extend it?
Yes, by another five years, with the rate that applies at the time of extension.
Can I take a loan against it?
Up to half the balance after twelve instalments have been paid.
Is it taxable?
Yes. There is no TDS on post office RD interest, but the interest is still your income and has to be declared.