Post Office Scheme- Today's small investment will get you 35 lakh rupees after a while, know the full details.
Every person in the world wants to build his future, especially from a financial point of view, in such a situation, if you are a working person and are looking for an investment scheme that gives huge returns for your small investment, then Post Office Gram Suraksha Yojana is perfect for you, which can give high returns without any risk. This scheme combines the features of an insurance policy with attractive investment returns, making it an excellent option for individuals looking to grow their savings, let's know full details about it-
Key features of Gram Suraksha Yojana
Eligibility: Indian citizens aged 19 to 55 years are eligible for it.
Minimum coverage: The sum insured ranges from ₹ 10,000 to ₹ 10 lakh.
Flexibility in premium payment: Premiums can be paid on a monthly, quarterly, half-yearly, or annual basis.
Grace period: A grace period of 30 days is provided for premium payment.
Loan facility: After four years of policy ownership, you can avail a loan against the policy.
Potential returns
Investing in Gram Suraksha Yojana can yield substantial returns. For example, if a 19-year-old invests ₹1,500 monthly:
By the time they reach maturity, they can receive between ₹31 lakh and ₹35 lakh, depending on the age at which the policy matures.
The monthly premium will be approximately as follows:
₹1,515 for a maturity of 55 years,
₹1,463 for a maturity of 58 years,
₹1,411 for a maturity of 60 years.
Over these years, the total premium paid will be as follows:
₹31.60 lakh for 55 years,
₹33.40 lakh for 58 years,
₹34.60 lakh for 60 years.