A ₹15,000 monthly contribution to the India Post recurring deposit scheme could build a corpus of about ₹25.63 lakh over 10 years, although tax and scheme conditions affect the final return.
A steady monthly investment in the India Post recurring deposit scheme can build a sizeable corpus over time, and according to a calculation highlighted by Aaj Tak, a saver putting in ₹15,000 a month could end up with more than ₹25 lakh after 10 years. The appeal of the plan lies in its simplicity: the money is added in fixed instalments, the deposit is backed by the government and the returns are locked in through the term.
The first five years matter most. Aaj Tak’s example shows that a monthly contribution of ₹15,000 would amount to ₹9 lakh in principal over that period, while the maturity value would be about ₹10.70 lakh, implying roughly ₹1.70 lakh in interest. The idea then is to roll the same discipline forward for another five years, allowing compounding to do the heavy lifting. On that basis, the total corpus rises to around ₹25.63 lakh after 10 years, with interest accounting for about ₹7.53 lakh of the final sum.
Independent guides to the post office recurring deposit scheme broadly match the structure used in the calculation. Paisabazaar and other financial education sites say the product runs for five years at a time, accepts monthly deposits starting at ₹100 and currently offers an interest rate of 6.7% a year, compounded quarterly. They also note that accounts can be extended for another five years, making a 10-year horizon possible for savers who want to keep contributing after the first maturity.
The scheme’s appeal is strongest for conservative savers who value predictability over market-linked gains. According to the same industry sources, the account can be transferred between post offices, allows nomination and may permit partial withdrawal or a loan facility after a certain period, although missed instalments can attract penalties. The interest earned is taxable, so the headline maturity figure is not the same as the amount an investor keeps after tax.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
