Post Office Saving Scheme: In this scheme of post office, by depositing Rs 1500 every month, you can get a return of Rs 31 lakh at the time of maturity.
Post Office Saving Scheme: The market offers many good investment schemes with attractive interest rates. However, some of this also involves risk. But investors always prefer safe investment schemes with good returns, as they are low in risk. If you are one such investor and want a safe investment of your money, then here is a great post office plan for you. This protection plan offered by India Post is one such option in which you can get good returns with less risk.
Under the Gram Suraksha Yojana, the Sum Assured along with the bonus is given to the nominee on attaining the age of 80 years or in the event of the death of his legal heir, whichever is earlier.
Post Office Gram Suraksha Yojana: Terms and Conditions
- 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.
- The customer is given a grace period of 30 days to pay the premium.
- In case of default during the policy term, the customer can pay the pending premium to revive the policy.
Post Office Gram Suraksha Yojana: Loan Facility
The insurance plan comes with a loan facility which can be availed after four years of policy purchase.
Post Office Village Security Scheme: Surrender Policy
Customers can choose to surrender the policy after 3 years. However, you will not get any benefit in such a situation.
The biggest highlight of the policy is the bonus offered by India Post and the last announced bonus was assured of Rs 65 per Rs 1,000 per annum.
Post Office Gram Suraksha Yojana: Maturity Benefit
If a customer buys a Gram Suraksha policy for Rs 10 lakh at the age of 19 years, the monthly premium will be Rs 1,515 for 55 years, Rs 1,463 for 58 years and Rs 1,411 for 60 years. The policy buyer will get a maturity benefit of Rs 31.60 lakh after 55 years, Rs 33.40 lakh after 58 years. After 60 years, the maturity benefit will be Rs 34.60 lakh.
In case of any update in the nominee’s name or other details like email id and mobile number, the customer can approach the nearest post office for the same.
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