Free tool for RD agents
Post Office RD calculator
Three calculators that work out RD figures the way the post office does: the maturity amount, the late fee or the advance rebate on an installment, and your commission. They use the same rules as the RD Agent app.
Maturity amount
₹71,365.83
- Interest rate
- 6.7% a year
- Matures in
- October 2031
- You deposit
- ₹60,000
- Interest earned
- ₹11,365.83
Interest is compounded every quarter, as the post office does: M = R × ((1 + i)ⁿ − 1) ÷ (1 − (1 + i)^(−1/3)), where R is the monthly installment, i = rate ÷ 400 and n = years × 4.
An RD can be extended for 5 more years after maturity; it keeps the rate of the day it was opened.
Post office RD interest rate by opening date
| Accounts opened from | Rate a year |
|---|---|
| 1 October 2023 | 6.7% |
| 1 July 2023 | 6.5% |
| 1 April 2023 | 6.2% |
| 1 April 2020 | 5.8% |
| 1 July 2019 | 7.2% |
| 1 October 2018 | 7.3% |
| 1 January 2018 | 6.9% |
| 1 July 2017 | 7.1% |
| 1 April 2017 | 7.2% |
| 1 October 2016 | 7.3% |
| 1 April 2016 | 7.4% |
| 1 April 2015 | 8.4% |
Rates as notified by the Ministry of Finance. A new rate applies only to accounts opened after it.
Customer pays
₹1,515
- Installments
- ₹1,500
- Default (late) fee
- + ₹15
- Paid in advance
- 0
- Rebate
- − ₹0
- Default fee: ₹1 for every ₹100 of the monthly installment, for each late month that is paid.
- Rebate: ₹10 per ₹100 of the monthly installment when 6 to 11 installments are paid in advance in one go, ₹40 per ₹100 for 12 or more.
- Accounts opened on the 1st–15th that pay after the 15th count that month as late too.
- An account with 5 or more installments unpaid is discontinued: the customer revives it at the post office first.
Example: ₹500 a month, 3 months late, 3 installments paid → default fee ₹15, customer pays ₹1,515.
Example: ₹500 a month, 6 installments in advance → rebate ₹50, customer pays ₹2,950. With 12 in advance the rebate is ₹200.
Reaches your account
₹3,920
- Commission
- ₹4,000
- TDS deducted
- − ₹80
Commission is worked out per lot and rounded to the rupee by the department, so your statement can differ by a few rupees.
Questions agents ask
What is the post office RD interest rate now?
6.7% a year for accounts opened now. An account keeps the rate of the month it was opened until it matures, even when the rate changes later.
How is the RD late fee worked out?
₹1 for every ₹100 of the monthly installment, for each late month. A ₹500 account that is 3 months late pays ₹15 default fee with those 3 installments.
When does a customer get a rebate?
When 6 or more installments are paid in advance at once: ₹10 per ₹100 of the monthly installment for 6–11 installments, ₹40 per ₹100 for 12 or more.
What happens after 5 missed installments?
The account is discontinued. The portal does not take its installment until the customer revives it at the post office.
How much commission does an RD agent get?
4% of the RD deposits collected, less 2% TDS. The RD Agent app shows the commission of every lot with the TDS and the net amount.
Let the app do this for every account
RD Agent works out the default fee and rebate for each customer while you collect, makes cash lots of up to ₹20,000 and keeps your commission book — on the phone and the computer.
These calculators give an estimate. The post office's own figures are final. This is not an India Post website.