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Post Office RD / MIS / KVP Calculator

Calculate Post Office savings scheme returns — RD, Monthly Income Scheme, and Kisan Vikas Patra. Compare rates and find the best scheme for your goals.

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Post Office RD / MIS / KVP Calculator

Post Office Scheme

₹5,000
₹100₹1.0L
Recurring Deposit6.7% p.a.
Tenure5 years
Maturity Amount
₹3.57 L
After 5 years

RD Results

Recurring Deposit

Total
₹3.6L
Invested
Returns
Invested
₹3.00 L
Interest/Returns
₹56,829
Maturity
₹3.57 L

Growth Chart

Monthly deposits growing over time

🏣 About Post Office Recurring Deposit
Post Office RD is a monthly deposit scheme with 5-year tenure. Interest is compounded quarterly at the current rate of 6.7%. Minimum deposit ₹100/month. No upper limit. Can be extended for 5 more years.

How Post Office Schemes Are Calculated

In plain words

Post Office RD compounds interest quarterly. MIS pays interest monthly on the deposit amount at the applicable rate throughout the 5-year tenure. KVP is a certificate scheme where interest is compounded annually and paid at maturity when the investment doubles. All three are guaranteed by the Government of India.

How the calculation works
RD: M = R × ((1 + r)^n - 1) / (1 - (1 + r)^(-1/3)) MIS: Monthly Payout = P × r / 12 KVP: M = P × (1 + r)^t Where: R = Monthly RD Deposit P = Lumpsum Investment r = Rate of Return (per period) n = Number of periods t = Time in Years

A quick example

Let us compare all three schemes with ₹5,000/month for RD and ₹5 lakh lumpsum for MIS/KVP:

RD Monthly Deposit:₹5,000
MIS / KVP Investment:₹5,00,000

Step by step

  1. 1.RD (6.7%, 5yr): Monthly ₹5,000 → ₹3,57,000 at maturity
  2. 2.MIS (7.4%, 5yr): ₹5,00,000 → ₹37,000 annual income = ₹3,083/month
  3. 3.KVP (7.5%, ~10yr): ₹5,00,000 → ₹10,30,000 at maturity (doubles)

So the answer is: RD: ₹3.57L (5yr) | MIS: ₹3,083/mo (5yr) | KVP: ₹10.3L (~10yr)

Frequently Asked Questions

What is Post Office RD?
Post Office Recurring Deposit (RD) is a monthly deposit scheme with a 5-year tenure. You deposit a fixed amount every month, and interest is compounded quarterly at the current rate (6.7% p.a.). Minimum deposit is ₹100 per month with no upper limit. The account can be extended for 5 more years.
What is Post Office MIS?
Post Office Monthly Income Scheme (MIS) is a lumpsum investment scheme with a 5-year tenure. Interest is paid monthly at the current rate of 7.4% p.a. Maximum deposit: ₹9 lakh for single account, ₹15 lakh for joint account. The interest rate is reviewed quarterly by the government.
What is KVP?
Kisan Vikas Patra (KVP) is a certificate scheme where your investment doubles in approximately 10 years (at current 7.5% rate). Minimum investment ₹1,000, no upper limit. Available at all post offices. The maturity period depends on the prevailing interest rate — when rates are higher, the doubling period is shorter.
Which Post Office scheme gives the best returns?
For regular income: MIS is best (monthly payouts). For disciplined saving: RD works well (monthly deposits, 5-year term). For long-term wealth: KVP doubles your money (~10 years). A diversified approach using all three is common — RD for regular saving, MIS for retirement income, KVP for long-term goals.
Are Post Office schemes safe?
Yes, all Post Office savings schemes are backed by the Government of India. They carry zero credit risk and are considered among the safest investments in India. Returns are guaranteed as per the notified interest rates. However, the interest rates are subject to quarterly revisions by the government.