Gram Suraksha Scheme is perhaps the best plan of Post Office to put resources into. To contribute less and acquire more benefit, then go for this plan.
Under this plan, one can contribute Rs 1411 every month and can get around Rs 35 lakh on development. Thus, deposit an asset of lakhs of rupees consistently on little ventures.
This is a Whole Life Assurance Policy with the additional element of a choice to switch over completely to Endowment Assurance Policy toward the finish of five years of taking a policy.
Here’s beginning and end you want to be aware of the plan:
- Highlights
Least and Maximum age at section: 19-55 years
You can contribute from Rs 10,000 to Rs 10 lakh in this plan.
Expenses in this plan can be paid on each month, quarterly, half year and yearly premise.
- Premium and returns
To contribute Rs 10 lakh till the age of 55 years, then he/she needs to pay a Rs 1515 premium consistently.
For money management till the age of 58 he/she needs to store Rs 1463 and till the age of 60, the investor needs to deposit Rs 1411 as a top notch consistently.
At 55 years old, the investor will get Rs 31.60 lakh, at 58 years old, Rs 33.40 lakh and at 60 years old, he/she will get Rs 34.60 lakh as maturity sum.
- Loan facility after 4 years
You get many advantages by putting resources into the post office Gram Suraksha Scheme, including a loan facility. Nonetheless, it will be accessible solely after putting 4 years in the plan.
- Different subtleties
Cash can be kept month to month, quarterly, or yearly.
If there should be an occurrence of crises, 30 days grace period is permitted.
From the day of venture, the policy can be given up following 3 years.
Not qualified for reward whenever gave up before 5 years
