In today’s time, every person is looking for a safe investment to secure his future and strengthen his old age. There are many investment options available in the market, but when it comes to guaranteed returns without any risk (Zero Risk), even today a large section of the country trusts the Indian Post Office.
If you are also looking for such a government scheme, where by making very small savings daily, you can create a huge corpus of lakhs of rupees, then the post office’s ‘Gram Suraksha Yojana’ can prove to be a great option for you. By saving just Rs 50 daily in this scheme, you can get a huge corpus of Rs 35 lakh at the time of maturity. Let us tell you how?
What is the village security scheme of the post office?
This scheme is mainly a very popular part of Rural Postal Life Insurance (RPLI). This is a life insurance plan that along with protection, also gives you a great opportunity for savings and investment. The biggest feature of this scheme is that you have to pay a very low premium, but the returns and bonus on maturity are quite excellent. This scheme is most suitable for those who want to keep their hard-earned money in completely safe government hands, away from the ups and downs of the stock market.
Now let’s talk about what are the eligibility and rules for investing in this government scheme? To invest in Gram Suraksha Yojana, any citizen of India, whose age is between 19 years to 55 years, can open an account under it. Under this scheme, you can take a policy for the sum assured ranging from a minimum of ₹ 10,000 to a maximum of ₹ 10 lakh. Customers have also been given a lot of convenience in paying the premium; As per your convenience, you can deposit the premium every month, every three months (Quarterly), every six months (Half-Yearly) or for the whole year at once (Annually).
How to invest Rs 50 into Rs 35 lakh?
Let us now understand the mathematics by which a small savings of Rs 50 per day turns into a huge fund of Rs 35 lakh. Suppose a person joins this scheme at the age of 19 and chooses a Sum Assured policy of ₹ 10 lakh. In this situation, if he has the option of paying the premium till the age of 55 years, he will have to pay a premium of about ₹ 1,515 every month, which comes to only ₹ 50 per day. If he chooses to pay the premium till the age of 58, the monthly premium will be further reduced to around ₹1,463, and for the 60 year option, it will be just ₹1,385 per month (about ₹46 per day). When the policyholder turns 80 years of age (or in his absence, the nominee), he will receive a total guaranteed maturity amount of approximately ₹31.60 lakh to ₹35 lakh at current bonus rates (approximately ₹60 per thousand per annum).
These facilities are also available
This plan also has some other unique features and benefits that make it better than ordinary life insurance policies. First of all, if you suddenly need money after starting the policy, then you can also take a ‘loan’ facility on it after 3 years of starting the policy. Apart from this, if for some reason you do not want to continue the policy further, you also have the option to surrender it after completion of 3 years. However, it is recommended by experts to run the policy in full to avail the maximum bonus. The facility to change nominee in this scheme is also very easy.