Money Saving Scheme : The government is running many schemes through the post office. In which a big fund can be created from small savings. Post office schemes are not only famous for better returns but are also a great way for safe investment.
Gram Suraksha Yojana is one of such special schemes. Through this scheme, a fund of Rs 35 lakh can be created by saving Rs 50 daily. So that help can be provided in the child’s education, marriage and other important works.
About the scheme
Any Indian person between 19 years and 55 years of age can avail the benefit of this scheme. The minimum investment limit is Rs 10. A maximum investment of Rs 10 lakh can be made. The scheme can also be surrendered after 3 years.
Investors get returns after completing 80 years of age. Meanwhile if the investor dies, the heir is entitled to the amount. Monthly, quarterly, half yearly and yearly premium payment options are available. The plan comes with a guaranteed bonus.
Here is the calculation
If the investor takes a scheme of Rs 10 lakh at the age of 19, he will have to pay a monthly premium of Rs 1515 for 55 years. This means investors will have to save Rs 50 daily. Whereas for 58 years, premium will have to be paid Rs 1463 and for 60 years, Rs 1411 will have to be paid. If invested for 60 years, a fund of Rs 34.60 lakh will be generated.
