- Post Office Gram Suraksha Yojana allows investment of ₹50 daily
- Promised maturity amount of ₹35 lakh upon completion of 80 years of age
- Comprehensive insurance coverage included for policyholders
What is Post Office Gram Suraksha Yojana
Post Office Gram Suraksha Yojana is an innovative saving scheme aimed at promoting savings among the rural population in India. This scheme offers a unique opportunity for rural citizens to invest a modest sum of only ₹50 every day. By the time the investor reaches 80 years of age, they can expect to receive a maturity sum of approximately ₹35 lakh, a significant return on investment.
Key Features of Post Office Gram Suraksha Yojana
Under this scheme, individuals are encouraged to save diligently. In addition to the lucrative returns, the scheme ensures complete security of the investment. Here are some core features:
- Investment can be made on a daily, monthly, quarterly, half-yearly, or annual basis, providing flexibility in premium payments.
- Individuals from 19 to 55 years of age can apply, thereby targeting young and middle-aged citizens.
- Minimum investment starts at ₹10,000, with a maximum limit set at ₹10 lakh.
Eligibility to Apply
Any citizen of India is eligible to invest in the Post Office Gram Suraksha Yojana. To qualify, applicants must fulfill the following criteria:
- Age: Between 19 and 55 years
- A valid Aadhaar card and residency proof
- PAN card and income certificate
- Bank account details and passport size photo
- Personal mobile number for communication
Benefits of Post Office Gram Suraksha Yojana
Investing in this scheme not only leads to better financial returns, but it also provides various additional benefits, including:
- Life Insurance Coverage: Investors’ families are protected with life insurance. In case of the investor’s untimely demise, the full amount will be disbursed to the family.
- Policy Surrender: After a period of three years, if necessary, investors can surrender their policy, although they won’t receive any returns at this stage.
- Loan Facilities: After four years of investment, individuals can access loan facilities against their policies.