Post Office RD Scheme: Every parent wants to give their children a safe and secure future. But dreams like higher education or marriage often come with heavy expenses. That’s why it is important to start saving early, and one of the safest options for this is the Post Office Recurring Deposit (RD) Scheme. Now imagine you decide to deposit ₹15,000 every month in your child’s name. With discipline and patience, after 5 years, this small monthly saving turns into a fund of ₹10,70,492. Let’s see how.
Interest Rate in Post Office RD
The Post Office RD scheme currently gives 6.7% annual interest, compounded quarterly. The tenure is fixed at 5 years. This means that every rupee you deposit monthly keeps growing with interest until maturity.
Read more: PNB Bank FD Scheme: ₹2 Lakh Fixed Deposit Grows to ₹2,77,445
₹15,000 Monthly Deposit Full Calculation
| Monthly Deposit | Duration | Interest Rate | Total Deposit | Interest Earned | Maturity Value |
| ₹15,000 | 5 Years (60 months) | 6.7% | ₹9,00,000 | ₹1,70,492 | ₹10,70,492 |
So, you invest ₹9 lakh in total, and the scheme adds about ₹1.7 lakh as interest, giving you a maturity value of ₹10.70 lakh.
A Real-Life Example
Think of Manoj, a father from Delhi. He opened an RD account in the name of his twin daughters. Every month, he deposited ₹15,000 just like paying a regular bill. At first, it felt like a burden, but over the years, it became routine. After 5 years, when he saw the maturity amount of more than ₹10.7 lakh, he felt proud of his disciplined savings. That money became a strong support for his daughters’ school and future planning. This is the beauty of RD it makes saving simple and powerful, especially for parents.
Benefits of Post Office RD
The biggest benefit is safety, as it is backed by the Government of India. Returns are guaranteed, so you can plan your child’s future with confidence. Even small penalties for late payments ensure discipline in saving. And yes, you don’t need to start with huge money you can even begin with ₹100 and grow slowly.
Read more: Save ₹28,000 for Your Daughter and Earn ₹12.93 Lakh on Maturity
Conclusion
If you save ₹15,000 every month in the Post Office RD scheme, after 5 years you will have ₹10,70,492 in your child’s name. Out of this, ₹9 lakh is your own saving, and ₹1.7 lakh is the guaranteed interest. For parents who want safe and tension-free savings for their children, Post Office RD is a reliable choice.
Disclaimer
This article is only for educational and general knowledge purposes. Post Office RD interest rates are reviewed by the government every quarter. Please confirm the latest rates and terms with your nearest Post Office before investing.
