Post Office RD: Save Rs.200 Daily, Get Rs.10 Lakh with 100% Safety

• India Post offers a 'Post Office Recurring Deposit' (RD) scheme, providing 100% safety as it's backed by the central government.
• The scheme is accessible, allowing account opening with just Rs.100, and currently offers an annual interest rate of 6.7 percent.
• Benefits include compounding interest, which helps money grow quickly, with interest calculated and deposited quarterly.
• Account holders can take a loan of up to 50% of the deposited amount after one year, with a low interest rate.
• By investing Rs.200 daily (Rs.6,000/month) for 10 years, the total deposit of Rs.7,20,000 grows to approximately Rs.10,25,131 due to compounding interest.

Why It Matters: The Post Office RD scheme offers a secure, low-risk way to save, turning small daily investments into significant returns.