Anyone between 19 and 55 years can invest in Post Office’s Gram Suraksha Yojana.
10,000 to 10 lakhs can be invested in this post office scheme.
The investor can surrender the policy on completion of three years from the date of commencement of investment.
New Delhi. Currently, there are many investment options in the country, where investors get strong returns. Many of these offer great returns with high risk. At the same time, some investment options offer good returns with low risk, but they require you to invest money for a long period of time. Besides bank fixed deposits, investors show a lot of confidence in many post office schemes. In fact, they offer great returns with security.
If you are also looking for a scheme that gives good returns for post office, Gram Suraksha Yojana can be best for you. In this you can get good returns with less risk. In Gram Suraksha Yojana, the investor gets the assured amount along with bonus at the age of 80 years. At the same time, if the investor i.e. the policyholder dies, his nominated legal heirs get this amount.
Also Read – Explainer: Which FD is better to invest in fixed or floating rate? Who will gain more and why?
What are the terms and conditions of the scheme?
Any Indian between 19 to 55 years can invest in this post office scheme. The minimum sum assured under the plan is Rs.10,000 At the same time, you can invest up to 10 lakh rupees in it. The premium payment of this plan can also be done very easily. The investor can pay the premium on monthly, quarterly, half-yearly or yearly basis as per his convenience. Not only this, a grace period of 30 days is provided for making premium payments. In case of default during the scheme tenure, the customer can also pay the pending premium to revive it.
Read More – Explainer: Buy or Rent Home? Who will get more benefits, understand your profit figures in both
Loan facility against Gram Suraksha Yojana
Loan facilities are also made available to investors under Gram Suraksha Yojana. However, the investor gets its benefits only after four years of starting investment in the scheme.
You can surrender this policy
Not only this, the investor can surrender the policy after 3 years of purchase. But in such a situation, he does not get any benefit from it. India Post also gives bonus on the policy. This is the biggest attraction of this scheme. The last announced bonus under the scheme was Rs 65 confirmed per Rs 1000 per annum.
What would be the benefit on maturity?
If one buys a Rs 10 lakh Gram Suraksha policy at the age of 19, the monthly premium will be Rs 1,515 for 55 years, Rs 1,463 for 58 years and Rs 1,411 for 60 years. The policyholder will get a maturity benefit of Rs 31.60 lakh for 55 years, Rs 33.40 lakh for 58 years. At the same time, the maturity benefit for 60 years will be Rs.34.60 lakh.
Tag: make money, Investment Tips, Money Making Tips, post office, Small savings scheme
First Published: August 24, 2022, 09:44 IST