Post Office RD Scheme: There’s a special comfort in knowing that your savings are safe and growing steadily, without you worrying about market ups and downs. That’s exactly what the Post Office Recurring Deposit (RD) scheme offers. For families who prefer discipline in saving, RD feels like a financial habit that quietly turns into a big fund over time. Now imagine setting aside ₹15,000 every month. It may feel like just another monthly bill today, but in 5 years, that small habit can turn into a maturity value of about ₹10,70,492. Let’s see how this works.
How RD Works in the Post Office
The RD account is like a box where you put the same amount of money every month. The Post Office adds interest on it every quarter, which means the money you save keeps earning, and even the earned interest starts earning more. As of now, the interest rate in Post Office RD is 6.7% per annum (compounded quarterly). Since this is a government-backed scheme, your money remains completely risk-free.
Read more: PNB FD Scheme: Invest ₹5 Lakh in FD and Get ₹6.81 Lakh After Maturity
Real Calculation of ₹15,000 RD for 5 Years
Here’s the actual maturity calculation of depositing ₹15,000 every month for 5 years in a Post Office RD account
| Monthly Deposit | Tenure | Interest Rate | Total Deposit | Maturity Amount | Total Interest Earned |
|---|---|---|---|---|---|
| ₹15,000 | 5 Years | 6.7% (Quarterly Compounded) | ₹9,00,000 | ₹10,70,492 | ₹1,70,492 |
So, while you save ₹9 lakh in total, at the end of 5 years you receive nearly ₹10.7 lakh, which includes an additional ₹1.7 lakh as interest.
Why RD is Loved by Families
For many people, RD feels like a stress-free savings plan. Salaried employees treat it as a disciplined monthly deduction, while parents often use it to prepare for school or college expenses. The charm of RD is that you don’t need to deposit a big lump sum; small monthly deposits create a meaningful fund without any financial burden. Think of it as filling a piggy bank every month except this one doesn’t just hold your money, it quietly multiplies it.
Conclusion
The Post Office RD scheme is a perfect choice for those who believe in disciplined, risk-free saving. By depositing ₹15,000 every month, you can create a maturity fund of ₹10,70,492 in just 5 years. It’s simple, safe, and an ideal option for families who want security and steady growth.
Disclaimer
This article is only for educational and general knowledge purposes. Interest rates in Post Office RD are revised by the government from time to time. Please check the latest updates from official India Post sources or consult a financial advisor before investing.
