Quality life needs a handsome amount of money. Everybody wants to live it but everyone can’t have it. You will require a decent financial strategy at an early age to live a quality life unless you’re a born millionaire. Financial planning helps a lot to provide you with a wealthy future, especially for those who belong to middle-class families. And the best way to plan it is to invest in financially secure and high returns-offering schemes. So, here’s why you should invest in the government backed Post Office Gram Suraksha Yojana.
Post Office Gram Suraksha Yojana To Get High Returns
The name of this government blacked investment scheme is Gram Suraksha Yojana. This scheme offers a lump sum amount by combining both your accumulations and the interest rate amount earned on it after maturity.
First of all, this is a government-supported scheme for investors who can’t bear risks. Secondly, it provides higher returns than any FD scheme could offer. Third, according to the return calculator if you invest ₹1,500 monthly then you can get a lump sum amount of ₹31 to ₹35 lakh after maturity. The best benefit of investing in this scheme is that it can work as both an income source which you will get once but in large amounts and as a retirement plan. Moreover, you can also take a loan against this policy if you invest monthly, quarterly, or annually.
Eligibility Criteria To Invest In This Scheme
- The minimum age to invest in this scheme is 19 years.
- Max age to invest in Post Office Gram Suraksha Yojana is 55 years.
- The Minimum assured amount you will get is ₹10,000 and the max is ₹10 lakh.
“Suppose a person invests at the age of 19 and buys a policy of Rs 10 lakh, his monthly premium will be Rs 1515 for 55 years, Rs 1463 for 58 years and Rs 1411 for 60 years. 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 policy.”