Post Office RD: Invest ₹400 Daily, Get ₹20 Lakhs! Beats Banks with 6.70% Interest

• Post Office's 'Recurring Deposit' scheme offers a high annual interest rate of 6.70%, surpassing traditional bank returns.
• Start investing with as little as 100 rupees per month; interest rates are reviewed quarterly by the government.
• Investing 12,000 rupees monthly (₹400 daily) for 5 years yields ₹8,56,388 upon maturity.
• Extend the same investment for 10 years to receive ₹20,50,248, with ₹6.1 lakh as interest on a ₹14.40 lakh total investment.
• Features include account opening for children (10+), 50% loan facility after one year at 2% interest, early closure option after 3 years, and nominee provision.

Why It Matters: Post Office RD offers safe, high-return investment with flexible options, potentially yielding over ₹20 lakhs.