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POSB Interest Calculator - updated - 01/04/2014)

(Last updated - 01/04/2014)



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Features in this File:

        Updated on 01/04/2014:
  • New Interest rates w.e.f. 01/04/2014 configured for RD, TD schemes. Old interest rates can also be calculated by entering the concerned Date of opening 
  • RD PMC Calculator link is added in the Main page of Calculator.
  • Option for calculation of "Maturity Amount for Discontinued/Extended RD accounts" is provided in RD-View more Link.
  • "Print Tables/Forms" link is provided in Main calculator page to Print Ready reckoner tables for RD/TD/MIS and Pamphlet, Forms. (Ready reckoners and tables have been updated for new interest rates w.e.f 01.04.2014)
  • Changes have been made for PMC of TD accounts before 1 year.


      Updated on 12/05/2013: (As per suggestion/request received from users)

  • In SCSS "View more" link, Initial partial interest and Final partial interest payable (for fraction of days) according to the date of opening will be displayed in addition to the quarterly interest payable for SCSS deposit. For SCSS PMC also, final partial interest applicable will be displayed. 
  • Possibility of extension of SCSS account will be displayed along with the interest rate applicable for such accounts. 
  • To calculate maturity amount of Discontinued/Extended RD accounts, option has been included In RD "View more" link, and the the same will be displayed if 5 years completed. 
  • Navigation link to "Home page" has been uniformly placed in all pages at bottom.
    
     Updated on 28/04/2013:
  • "MIS Total Interest" shown in the table for Today's date (i.e.,Date of Opening is not entered and left as blank cell) has been corrected for 60 months instead of wrongly calculated 72 months in old calculator. 
  • (But, If you enter Date of opening in MIS, it will correctly calculate "Total Interest" for 60(or)72 months according to the entered Date of opening, even in old calculator)
  • "PPF Loan/Withdrawal" calculation link and "MIS to RD Automatic credit Maturity" calculation link have been included in main table; 
  • Welcome message will be displayed at the bottom of calculator (according to the time of opening calculator file)
Updated on 15/04/2013:
  • In the Link "PPF Interest Calculation", Provision has been added to find out Eligible Loan and Withdrawal amount that can be taken in PPF account.
  • In the Link "Print Tables/Forms", Claim Forms for SB/SC and Application for Reinvestment of Maturity value, and Interest Rate Table (in Tamil) and link to access "Indiapost Forms page" are included.
Updated on 01/04/2013:
  • New Interest rates w.e.f. 01/04/2013 configured for all schemes. 
  • Old interest rates can also be calculated by entering the concerned Date of opening 
  • RD PMC Calculator can be downloaded from RD "View More" link
  • "Print Tables/Forms" link is provided in Main calculator page to Print Ready reckoner tables for RD/TD/MIS and Pamphlet, Forms.
Updated on 06.11.2012:
  • Validation for KVP Date of Purchase (Now Date can be entered only from 01.03.2003 to 30.11.2011)
  • Feedback form modified.
Updated on 31.10.2012
  • Option for Entering Date of Opening of Accounts
  • Their Respective Maturity/Interest Amounts, A/c periods, Date of maturity,etc.,
  • Current status of A/c for Closure/PMC/extn., etc.,
  • Reduced Int. for TD, Bonus, Deductions, PMI details,etc.,
  • KVP discharge value calc,
  • SB,PPF,PMI calc,
  • PPF approx maturity value calc,
  • Easy Initialisation of Interest rates for schemes, if changed...
  • Option to download the latest excel calculator (if any), right from this excel file itself...  

Prepared by :
M. Dhamotharan, CDL,
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