If you also want to make a safe investment without any risk, then Gram Suraksha Yojana can be a great option for you. This post office scheme can give you a return of ₹ 35 lakh on maturity by depositing just ₹ 1,500 every month. This scheme is a great opportunity for those who want to create a big fund for the future despite a low income. Let us know the benefits of this post office scheme and the complete method of investment.
What is Gram Suraksha Yojana
This scheme is run under the Rural Postal Life Insurance (RPLI) of the Indian Postal Department. It has been specially designed keeping in mind the needs of the people of rural and semi-urban areas. Under this scheme, you can get insurance cover from a minimum of ₹ 10,000 to a maximum of ₹ 10 lakh. Its age limit is between 19 and 55 years; that is, any Indian citizen of this age can join this scheme.
Many options and facilities to invest
Investors get many options to pay a premium in the Gram Suraksha Yojana, which gives them a lot of convenience. You can pay the premium on a monthly, quarterly, half-yearly, or yearly basis as per your convenience. Apart from this, policyholders can also take a loan under this scheme after 4 years. If you have to close your policy in an emergency, you can also surrender it after 3 years. However, keep in mind that if you surrender the policy before 5 years, you will not get the benefit of the bonus.
Other benefits of the policy
The maturity of this scheme is up to a maximum age of 80 years. This means that the younger you start investing in it, the bigger the fund you can get on maturity. If, in an unfortunate event, the policyholder dies before the completion of the policy term, then the entire amount of insurance, along with the entire amount of the accumulated bonus, is given to the nominee as a death benefit.
This is how you will get a tremendous return of ₹ 35 lakh
The most special thing about this scheme is its tremendous return. If a person joins this scheme at the age of 19 and deposits a low premium of just ₹ 50 daily, i.e., ₹ 1500 every month, then on completion of the scheme period, he can get a return of about ₹ 31 lakh to ₹ 35 lakh. The difference in this amount depends on the policy period, sum assured, and bonus rate. This is such a monthly investment that gives you both financial security and a big fund in the future.