Gram Suraksha Postal Scheme: Affordable Savings with High Returns
Introduction to Gram Suraksha Yojana Scheme
Gram Suraksha Yojana is a savings program introduced by the Department of Posts in 1995, specifically designed for rural residents aged between 19 to 55 years. It is a part of the Grameen Postal Life Insurance Schemes Programme, aiming to provide secure investment options for those who wish to invest small amounts without taking significant risks associated with investments like gold or mutual funds.
Investment Options and Premium Payments
Under this scheme, individuals can invest from Rs.10,000 to Rs.10 lakh, with flexible premium payment options available – monthly, quarterly, or semi-annually. To illustrate, if a person starts at 19, they need to pay Rs.1,515 per month. If enrolled at 58, the monthly premium reduces to Rs.1,463. The premium can be paid within 30 days if missed, ensuring no loss of benefits.
Attractive Returns and Bonus Benefits
The scheme promises substantial returns based on the investment duration. For example, saving until 55 years yields Rs.31.60 lakhs, while continuing till 60 years results in Rs.34.60 lakhs. An additional advantage is the bonus offered by the postal department, amounting to Rs.60 per annum for every Rs.1,000 invested.
Maturity and Beneficiary Benefits
Upon reaching 80 years, the accumulated amount is disbursed. In the unfortunate event of the policyholder’s demise, the sum is provided to legal heirs or nominees. The scheme allows voluntary discontinuation after three years, although it’s advisable to stay invested to maximize benefits.
Gram Suraksha Yojana provides an excellent opportunity for individuals, especially in rural areas, to secure their future financially. It’s a reliable and profitable investment avenue, ensuring a safer tomorrow for all investors.