Investments returns are proportional to risks. Since the risk is high in the equity market, the returns are also higher than other investment products. But, if you are looking for a safe and secure investment option, India Post Office schemes are the best for you.
The risk factor involved in investing in a Post Office scheme is lower and the returns are good at the same time. One such scheme which has low risk and the returns are also good is the 'Gram Suraksha Scheme’. In this scheme, the investors can get up to Rs 35 lakh at the time of maturity by investing just Rs 1500 every month.
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Under the Gram Suraksha scheme, the assured amount with bonus is payable either on attaining the age of 80 or to their legal heir/ nominee in the event of death, whichever occurs earlier.
Who Can Invest In Gram Suraksha Scheme Of Post Office?
- Any Indian citizen between the age of 19 to 55 years can invest in this scheme.
- The minimum sum assured under this scheme can be from Rs 10,000 to Rs 10 lakh.
- The premium payment of this plan can be done monthly, quarterly, half-yearly or annually.
- You get a 30-day grace period to pay the premium.
- You can also take a loan on this scheme.
- You can also surrender it after 3 years of taking this scheme. But in this situation, you will not get any benefit.
- By depositing the amount mentioned above regularly, investors can get the benefit of Rs 31 to 35 lakh.
How to get up to Rs 35 lakh by investing Rs 1500 per month?
If a person starts investing in Gram Suraksha Scheme at the age of 19 and buys a policy of Rs 10 lakh, his monthly premium will be Rs 1,515 for 55 years, Rs 1,463 for 58 years and Rs 1,411 for 60 years.
Then, the policy buyer will get a maturity benefit of Rs 31.60 lakh for 55 years, Rs 33.40 lakh for 58 years and Rs 34.60 lakh for 60 years.
One must visit the official site of India Post for details of the scheme.