Apr 5, 2023, 05:01 AM IST

Post Office Scheme: Invest Rs 50 PD and get up to Rs 35 lakh in return

Raunak Jain

The India Post offers various savings plans to help rural citizens secure their future financially.

The Post Office Gram Suraksha Yojana is a full life assurance policy with reduced premiums.

The scheme has eligibility criteria, including a minimum entrance age of 19 and maximum age of 55.

Policyholders can earn up to Rs 35 lakh in returns by contributing just Rs 50 each day.

By investing Rs 1,515 monthly, a policyholder can receive a return of Rs 34.60 lakh after the policy matures.

The maturity benefit for a 55-year term is Rs 31,60,000, for a 58-year term is Rs 33,40,000, and for a 60-year term is Rs 34.60 lakh.

The Gram Suraksha Yojana offers essential features, advantages, and loan facilities for policyholders.