Gram Suraksha Yojana / Get ₹35 lakh by saving just ₹50 per day, this post office scheme is amazing!

Gram Suraksha Yojana: If you are looking for a safe and long term investment without any risk, then the Gram Suraksha Yojana of the Indian Postal Department can be a great option for you. This scheme is specially designed for those who want to create a big fund for the future even in low income. The biggest feature of this scheme is that by investing just ₹ 50 daily, i.e. ₹ 1500 a month, you can get a fund of about ₹ 31 lakh to ₹ 35 lakh on maturity. Let us know about this scheme in detail.

What is Gram Suraksha Yojana?

Gram Suraksha Yojana is an insurance-cum-investment scheme operated under Rural Postal Life Insurance (RPLI) of the Indian Postal Department. This scheme has been designed keeping in mind the people of rural and semi-urban areas, so that they can secure their future even with less investment. In this scheme, you can choose a minimum insurance cover of ₹ 10,000 and a maximum of ₹ 10 lakh.

Eligibility

• Age limit: Any Indian citizen between 19 and 55 years can join this scheme.
• Investment period: The maturity period of the scheme can be up to 80 years of age, depending on the age of the investor and the policy term chosen.

Key features of the scheme

• Flexible premium payment: Investors get several options for premium payment as per their convenience. You can pay the premium on a monthly, quarterly, half-yearly or yearly basis.
• Loan facility: In this scheme, after paying premiums for four years, investors can take a loan, which helps in meeting financial needs.
• Policy surrender: If your needs change, the option to surrender the policy after three years is also available. However, if you surrender before five years, the bonus benefit will not be available.
• Death Benefit: If the policyholder dies during the term of the plan, the nominee gets the entire sum assured along with the bonuses earned. This facility ensures financial security of the family.

How to get ₹35 lakh?

The amount of return in Gram Suraksha Yojana depends on many factors, such as the age of the investor, the term of the policy, the sum assured, and the bonus rate. For example:

If someone joins this scheme at the age of 19 and deposits a premium of ₹1500 (i.e. ₹50 daily) every month, then on maturity of the policy by the age of 80, he can get a return of ₹31 lakh to ₹35 lakh.

This amount can be slightly less or more depending on the bonus rates and the term of the policy. The younger you start investing, the more likely you are to get returns.

Why choose Gram Suraksha Yojana?

• Risk-free investment: This is a government scheme, which is completely safe and offers guaranteed returns.
• Low investment, big fund: A small investment like ₹50 daily can create a big fund in the long term.
• Flexibility: Premium payment and loan facility make this scheme more attractive.
• Suitable for rural areas: This scheme is specially designed for people from rural and small towns, who want to secure their future even with low income.