Gram Suraksha Yojana: India Post is an important resource for those living in rural areas of India, as the government-backed organization runs several schemes that help people save money.
India Post has created different risk free savings schemes that give high returns while securing the future of people living in underdeveloped areas of the country. Gram Suraksha Yojana is the most popular among the many rural postal life insurance schemes launched by the post office. Let’s know everything about the Village Security Scheme.
Gram Suraksha Yojana is run under the Rural Postal Life Insurance Scheme of the Post Office. In this scheme, you can get an amount of Rs 35,00,000 on maturity by investing Rs 50 every day. This scheme has been specially designed for the rural population.
Village Security Scheme A person from the age of 19 years to 55 years can invest. In this scheme, you can get a minimum sum assured of Rs 10,000 and a maximum of Rs 10 lakh. Premium can be deposited in Gram Suraksha Yojana on monthly, quarterly, half-yearly or yearly basis.
Investors get loan facility on Gram Suraksha Yojana. This facility can be availed after 4 years. Investors can also surrender the policy after 3 years of taking it. If you surrender it within 5 years of taking the policy, then you will not get the bonus on it.
In Gram Suraksha Yojana, if you invest 50 rupees everyday i.e. 1500 rupees in a month, then you can get 35,00,00 rupees on the maturity of this scheme. If you buy a Rs 10 lakh Gram Suraksha Yojana at the age of 19, you will have to pay a premium of Rs 1,515 every month for 55 years. At the same time, Rs 1,463 for 58 years and Rs 1,411 for 60 years will have to be deposited every month. You will get Rs 31,60,000 on maturity in a period of 55 years, Rs 33,40,000 on maturity of 58 years and Rs 34.60 lakh in 60 years.
