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Post Office FD Calculator

India Post Office Fixed Deposit Calculator 2022

Last Updated 20th Jan 2022

India Post Office FDs have tenures ranging from 3 years 1 day to 5 years with maximum rate of interest of 6.70%. Interest rates for senior citizens are higher than the normal rates and ranges upto 6.70%.

Tenure Interest Rate for General Public Interest Rate for Senior Citizens Max Maturity Amount per Lakh
1 year 1 day to 2 years 5.50% 5.50% ₹ 1,05,630 - ₹ 1,11,544
2 years 1 day to 3 years 5.50% 5.50% ₹ 1,11,561 - ₹ 1,17,807
3 years 1 day to 5 years 6.70% 6.70% ₹ 1,22,081 - ₹ 1,39,407
7 days to 1 year 5.50% 5.50% ₹ 1,00,105 - ₹ 1,05,614
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India Post Office Fixed Deposit Calculator

India Post Office fixed deposit calculator helps you calculate maturity value of your deposited amount at the interest rate which is compounded quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

  • Deposit amount – This is the initial amount deposited by a customer in India Post Office. Banks may allow a higher interest rate on larger deposits. India Post Office offers a deposit amount in the range of Rs. 1,000 to No Limit.
  • Rate of Interest - Interest rate is the rate charged by the bank on your fixed deposit. India Post Office offers a higher rate of interest on fixed deposits of longer tenure and lower interest rate on deposits of less than a year. Highest interest rate offered by India Post Office is 6.70% for deposit amount corresponding to a deposit tenure of 3 years 1 day to 5 years.
  • Period of deposit - Bank offers low interest rate for short tenure FDs and higher interest rate for long tenure FDs. Bank offers a rate of 5.50% for a 3 years 1 day FD and a rate of 6.70% for a 5 years FD.
  • Interest Compounding Frequency - This determines the frequency at which interest is compounded. Compounding frequency can be monthly, quarterly, half yearly or annual frequency.
  • TDS applicability and TDS rate - A TDS of 10% of interest amount is applicable if you earn more than Rs 40,000 in a year from FD, which is called FD income. If you do not submit the PAN Card to the bank then TDS rate will be 20% of interest amount.
    • Illustration: Mr. A opens a FD account of ₹ 1,00,000 with a tenure of 7 days at an interest rate of 5.50%. In this case, the maturity amount at the end of 7 days will be ₹ 1,00,671 which includes the principal of ₹ 1,00,000 and interest of ₹ 671 is earned on the principal amount during the period. Similarly, you can calculate the interest and maturity amount for higher tenures by using FD calculators.

      India Post Office calculates quarterly interest on its fixed deposits. You can also opt for a tax saving scheme to save tax on fixed deposit.

How to Use MyLoanCare FD Calculator

Here is a simple procedure to use MyLoanCare FD calculator:-

  • Go to the FD Calculator.
  • Fill the fields like Deposit Amount, Rate of Interest, Period of Deposit (In years or months), Interest compound frequency.
  • Click Calculate.
  • Result will be shown, which will consist of total maturity amount and total interest earned

India Post Office Fixed Deposit Interest Rate Calculator – Interest Payment Options

  • Non Cumulative- In a periodic interest payout option, India Post Office would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • Cumulative- In case you opt for a India Post Office cumulative deposit on maturity you would get a credit for the principal and interest earned net of TDS.

How is India Post Office FD Rate Calculated?

India Post Office calculates fd interest in two ways, one is cumulative and non-cumulative as discussed above. It is a decision made by you whether you want interest payout at the end of the tenure or monthly, quarterly, half-yearly or yearly. To earn more money you can go for a cumulative method because interest earned throughout the tenure is added to the principal amount and is compounded then. However, if you are looking for monthly income or so then you can go for non-cumulative.

India Post Office FD Maturity Calculation for 5 Year

The interest earned on a fixed deposit in India Post Office depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on India Post Office FD can be calculated monthly, quarterly, half-yearly and annually.

Let’s understand how much interest you will earn if you invest ₹ 1,00,000 in India Post Office FD for a 5-year tenure at an interest rate of 6.70% for depositors below 60 years and 6.70% for senior citizens.The maturity schedule of India Post Office FD for 5 years is explained below in the table –

Maturity Schedule for ₹ 1,00,000 FD at 6.70% for Citizens below 60 years and at 6.70% for Senior Citizens for 5 years

Year Citizens below 60 Years of Age Senior Citizens above 60 Years
Interest Earned Closing Balance Interest Earned Closing Balance
2022 ₹ 6,870 ₹ 1,06,870 ₹ 6,870 ₹ 1,06,870
2023 ₹ 7,342 ₹ 1,14,212 ₹ 7,342 ₹ 1,14,212
2024 ₹ 7,847 ₹ 1,22,059 ₹ 7,847 ₹ 1,22,059
2025 ₹ 8,386 ₹ 1,30,445 ₹ 8,386 ₹ 1,30,445
2026 ₹ 8,962 ₹ 1,39,407 ₹ 8,962 ₹ 1,39,407

India Post Office FD Calculator Formula

Along with an online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on India Post Office FD.

A = P (1 + r/n) ^ n*t
In the above formula –

  • A - Amount received on maturity
  • P - Deposit amount
  • r - Annual interest rate
  • n - Number of times the interest is compounded
  • t is Investment tenure

Other Investment Calculators


What is the highest interest earned on India Post Office fixed deposit?

You can earn a maximum interest of 6.70% on India Post Office fixed deposits.

How many years FD will double in India Post Office?

The growth of India Post Office FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in India Post Office FD.You can also use India Post Office fd calculator to calculate the maturity amount. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 7.05%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/7.05 = 10.21. So it will take a little more than 14 years for one’s investment to get doubled in India Post Office.

What are the minimum and maximum amounts that I can invest in an India Post Office FD?

The minimum investment limit in India Post Office Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.

Can I withdraw my premature FD from India Post Office?

Yes, you can withdraw your premature FD amount if you want money before the tenure ends. However, you might have to pay a penalty fee ranging from 1% of FD amount for premature withdrawal.

How can I calculate India Post Office premature FD amount?

To calculate premature FD amount you can use India Post Office bank fd calculator. All you have to put is the value of the invested amount, tenure, interest rate and premature penalty rate (if any).

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