Post Office Scheme: There are many types of savings schemes run by the Indian Post Office. Crores of people are getting good returns by investing in these post office schemes. That is why people value investing in post office schemes. Also the reason why post office scheme is popular is that the investment here is risk free.
Meanwhile, if you are also looking for a safe and better return plan, one such post office plan is the Gram Suraksha Yojana. For this plan, you can get a cashback of Rs 35 lakh by saving just Rs 50 per day. Let’s know about this plan in detail.
Who can invest?
Gram Suraksha Yojana is a part of Gramin Postal Life Insurance Yojana programme. This insurance policy was launched in 1995 for the rural people of the country. People between the age group of 19 years to 55 years can invest in Gram Suraksha Yojana.
10 thousand to 10 lakh rupees can be invested in this scheme. There are several options available to pay the premium. You can pay premium on monthly, quarterly, half yearly and yearly basis.
Earnings will be like this?
If an individual invests Rs 1,515 per month i.e. just Rs 50 per day in this scheme, he can get a return of up to Rs 35 lakh. If you buy a Gram Suraksha Yojana at the age of 19, you will have to pay a premium of Rs 1,515 for 55 years. This way you will get 35 lakhs.
If you take this plan till the age of 58, you will have to pay Rs 1463 per month and Rs 1411 per month till the age of 60. If you miss paying the premium, you can collect it within 30 days. Looking at the returns of this scheme, the investor will get a maturity benefit of Rs 31.60 lakh on a 55 year investment, Rs 33.40 lakh on a 58 year investment and Rs 34.60 lakh on a 60 year investment.
Interestingly, under Gram Suraksha Yojana, this amount is paid on completion of 80 years of age. If the person dies, the amount goes to the legal heirs of the person. After 3 years of purchasing Gram Suraksha Yojana, the customer can surrender it. However, there are no benefits in such a situation.
