Gram Priya Scheme: Nowadays everyone is worried about saving, especially the people of villages who have to take loans even for small expenses. But if you deposit a little money every month, you can get a huge amount after 10 years, that too with complete insurance protection. Now you must be wondering which scheme is this which will give you so much benefit at once and there is no risk.
Actually we are talking about Gram Priya Scheme of Post Office. This is a guaranteed scheme in which you will easily get a huge amount after maturity. First of all, know that there is a short term money back insurance scheme of Gram Priya Post Office. This means, your money will be safe and you will also get some money back from time to time.
The family will also get insurance cover
The total duration of this scheme is 10 years, that is, your family will get insurance cover for this many years and if something untoward happens, the family will get immediate support. This scheme has been specially designed for rural areas, because most of the people in the villages shy away from investments that require long waits. Today this scheme has spread to every village. Earlier only 22 percent people had insurance, but now it is improving the lives of millions of families.
This much money will have to be deposited every month
In this, the minimum sum assured i.e. sum insured is Rs 10,000 and the maximum is up to Rs 5 lakh. Every month you have to pay premium. For example, if you take a cover of Rs 5 lakh, you will have to deposit around Rs 5,042 per month. This amount may seem small to you, but think, just this small calculation can strengthen your household budget. This scheme also has the facility of nomination, that is, you can decide who will get the money and yes, it is run under Rural Postal Life Insurance, so there is also a government guarantee, that is, there is no fear of losing even a single penny.
You will get good profits after maturity
Now talking about maturity, you will get bumper returns after 10 years. An annual bonus of Rs 45 is available on every thousand rupees sum assured. So on a cover of Rs 5 lakh, the bonus per year will be Rs 22,500. This total will become Rs 2,25,000 in 10 years. Additionally, the plan offers three times the sum assured – i.e. Rs 5 lakh. If you add both, the total would be Rs 7,25,000. By depositing a little more than Rs 5,000 in a month, you will get Rs 7.25 lakh. You can also use this money for your son’s marriage or for the repair of your house.
This scheme will benefit you even after maturity. You can reinvest the money received in other schemes of the post office, like recurring deposit or monthly income scheme. There you will get 6.5 to 7.5 percent interest, which means you can earn extra Rs 3,000 to 4,000 every month. You will not have to worry about any tax in this, because there are many discounts available on post office schemes. If you are also looking for a safe investment, then you can fill the form of this scheme in the nearest post office. You can earn good profits by starting its premium.
