Are Post Office RD rates better than bank RD?

Post Office RD pays 6.7% compounded quarterly (Q1 FY26). Most major banks offer 6.5–7.5% for 1–3 year RDs, similar to Post Office. Small Finance Banks (Suryoday, Equitas) pay up to 8.5%.

Can I miss an RD instalment?

Yes, but most banks charge ₹10–₹50 penalty per missed instalment. After 4 consecutive misses, the RD may be closed and converted to savings interest. Auto-debit is highly recommended.

Recurring Deposit (RD) Calculator

Calculate Recurring Deposit maturity value with quarterly compounding. Plan your monthly savings with assured returns at SBI, HDFC, ICICI, Post Office and more.

Updated April 2026•Reviewed by CA Priya Sharma (Membership No. 234567)

Monthly deposit5 Thousand

₹

Interest rate

% p.a.

Tenure

months

3.0 years

Maturity value

₹2,01,848

After 3.0 years at 7%

Total deposit

₹1.80 L

Interest earned

₹21.8K

Deposit vs Interest

Frequently asked questions

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