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INVEST just Rs 1,411 Per Month in this scheme and get Rs 35 Lakhs after Maturity. Check out the new Post Office Scheme

Post office small investment schemes are a great way to spend a little now and get better returns when you are retired. If you are looking for small investment plans, this one is the right one for you. Recently India Post has launched a new scheme called the ‘Gram Suraksha Yojana’ as a part of the Grameen program to help the middle class and rural population.

This is a long term investment and a very good one for youngsters. All you have to do is pay Rs 1,411 per month and receive up to Rs 35 lakh on maturity.

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Who all can open an account?

Anyone above 19 years can open an account under the Gram Suraksha Yojana. According to the India Post website, the maximum age limit for this scheme is 55 years. It is primarily meant for young citizens between the age of 18 and 65.

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Other important details

The scheme offers a minimum assured value of Rs 10,000 but you can choose up to any amount up to Rs 10 lakh. The scheme provides a bonus when you reach the age of 80, and before that, if the person dies, it is given to their nominee.

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Premium details

You can pay for this scheme monthly, quarterly, half-yearly or annually. A 30 day grace period is given to all the customers to pay their premiums.

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If you start investing in this scheme at the age of 19 with a monthly premium of Rs 1,515 for 55 years, 1,463 for 58 years and Rs 1,411 for 60 years, you will receive Rs 31.60 lakhs after 55 years, Rs 33.40 lakh for 58 years and Rs 34.60 lakh for 60 years policy.

This scheme is a good one if you want to invest in the long term. You can consider this as a life insurance plan that will give you benefits after you retire.

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