Business

Office RD: ₹6,000 Monthly Deposit May Grow to About ₹4.28 Lakh in 5 Years

Office Recurring Deposit scheme allows savers to deposit a fixed amount every month instead of investing a large lump sum. At an annual interest rate of 6.7%, a ₹6,000 monthly instalment for 60 months may produce an estimated maturity amount of about ₹4.28 lakh, subject to applicable rules and rates.

Editor: AI News 24x7 Published: 15 Oct 2026, 04:22 PM Updated: 15 Oct 2026, 04:22 PM

Office RD: ₹6,000 Monthly Deposit May Grow to About ₹4.28 Lakh in 5 Years.

Office Recurring Deposit scheme may help people build a planned savings fund through fixed monthly deposits. Instead of investing a large amount at once, account holders deposit a chosen amount every month for a set period.

At an annual interest rate of 6.7%, a monthly instalment of ₹6,000 for 60 months may result in an estimated maturity amount of about ₹4.28 lakh. The calculation is based on the stated rate and may vary according to the interest rate and rules applicable when the account is opened.

How the ₹4.28 lakh estimate is calculated

A ₹6,000 monthly instalment deposited for 60 months would take the total contribution to ₹3,60,000. The estimated interest is about ₹68,000. Adding the contribution and estimated interest gives a maturity amount of approximately ₹4.28 lakh.

The account can also be started with a monthly deposit of ₹100. This makes the scheme relevant to savers who want to build a regular savings habit with a smaller instalment. The amount deposited each month depends on the account holder's chosen contribution.

Interest on Office RD is calculated on a quarterly compounding basis. In practical terms, interest is calculated every 3 months, with the rules allowing the effect of interest to be reflected in later calculations. This is why the estimated maturity amount is higher than the total amount deposited.

The standard tenure mentioned for the RD is 5 years, or 60 months. During this period, the account holder is required to deposit the monthly instalment regularly. Missing or delaying an instalment may result in a late fee under the applicable rules and can make it harder to keep the account regular.

Rules to check before opening the account

The monthly instalment must be paid on time. Account holders should understand the payment date and the consequences of delayed deposits before choosing the scheme. The source information also notes that keeping the monthly amount aside in advance may help maintain regular payments.

The account may generally be closed before maturity after 3 years. However, early closure can affect the interest payable, and the amount released would be governed by the applicable rules. The source information therefore presents the RD as a product for money that may not be needed urgently during the selected tenure.

The interest earned on Office RD is not fully tax-free. Tax liability may arise based on the account holder's total income and the applicable income-tax rules. As a result, the estimated maturity amount should not automatically be treated as the final -tax gain.

The ₹4.28 lakh figure is an estimate based on a ₹6,000 monthly deposit, a 60-month tenure and a 6.7% annual interest rate. The actual amount may depend on the rate and rules applicable to the account. The source information also highlights the need to confirm the current interest rate, early-closure provisions and tax-related rules before opening an account.

Conclusion

Office RD offers a structured way to save through monthly instalments. Based on the stated calculation, ₹6,000 deposited each month for 60 months may grow to about ₹4.28 lakh, but the final maturity amount depends on applicable interest rates and rules.