Post Office Scheme : When people think about the Indian Postal Department, the first thing that comes to mind is letters and parcels. For decades, India Post has been known as the most trusted organization for delivering letters, money orders, and parcels across the country. But very few people know that the Indian Post Office is not just about postal services—it also runs several saving and investment schemes for people living in both rural and urban areas. These schemes are considered highly safe because they are backed by the government, and they also provide good returns over time.
Today, we are going to discuss one such powerful scheme from the Post Office in which you can build a huge fund by saving just ₹50 per day. Yes, you read it right—by investing only ₹50 daily, you can create a corpus of around ₹35 lakh. Let us understand how this is possible and which scheme offers this benefit.
Which Scheme is This?
The Post Office runs a wide range of saving schemes that are designed to cater to different groups of people. These include small savings accounts, fixed deposits, recurring deposits, senior citizen schemes, and postal life insurance policies. Among these, one of the most popular life insurance policies is the Rural Postal Life Insurance (RPLI). Under RPLI, several beneficial policies are introduced for rural as well as semi-urban residents.
One of the most attractive policies under this category is the Post Office Gram Suraksha Yojana. This scheme allows individuals to secure their future and accumulate wealth through disciplined monthly investments. With this plan, if you contribute as little as ₹50 per day, you could accumulate nearly ₹35 lakh at maturity.
Post Office Gram Suraksha Yojana – Key Details
The Gram Suraksha Yojana is a life insurance cum investment scheme offered by the Post Office. It comes with a dual benefit: security for your family in case of an unfortunate event, and a lump sum return at the time of maturity.
- Eligibility: Any Indian citizen between the age of 19 years and 55 years can invest in this scheme.
- Investment Limit: You can choose a sum assured ranging from ₹10,000 to ₹10 lakh.
- Payment Options: The premium can be paid monthly, quarterly, half-yearly, or annually, depending on your convenience.
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Maturity: The policy matures at the age of 80 years, and the maturity amount (including bonuses) is paid either to the policyholder or to the nominee in case of death.
For example, if a person starts investing in this scheme at the age of 19, the monthly premium for a sum assured of ₹10 lakh comes out to be approximately ₹1,515. This is roughly ₹50 per day.
Bonus Benefits and Loan Facility
Another attractive feature of this scheme is the bonus. Policyholders become eligible for a bonus after 5 years of investment. This significantly increases the maturity value of the scheme. Additionally, after 4 years of holding the policy, the investor can also avail of a loan against the policy.
If someone wishes to discontinue, they can surrender the policy after a certain period. However, the full benefits are realized only when the policy is continued till maturity.
Example of Returns
Suppose a person invests ₹1,500 every month in the Gram Suraksha Yojana (which equals ₹50 per day). Depending on the age and term of the policy, the maturity benefits vary slightly:
- Maturity at 55 years: Around ₹31.60 lakh
- Maturity at 58 years: Around ₹33.40 lakh
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Maturity at 60 years: Around ₹34.60 lakh
This amount includes the assured sum along with accumulated bonuses. In case the policyholder passes away before maturity, the nominee will receive the sum assured along with bonuses.
Why Choose This Scheme?
The Gram Suraksha Yojana is ideal for individuals who want both life insurance coverage and long-term wealth creation. Unlike market-linked investments, this scheme is risk-free since it is backed by the Government of India. It is especially beneficial for rural households and salaried individuals who prefer a disciplined and safe saving habit.
- Low daily contribution: Just ₹50 per day is enough to secure a huge fund.
- Life cover: Family gets financial support in case of early demise.
- Guaranteed returns with bonuses: A large maturity amount of up to ₹35 lakh.
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Flexibility in premium payment: Monthly, quarterly, half-yearly, or yearly.
Conclusion
The Post Office Gram Suraksha Yojana is one of the most powerful financial tools for middle-class and rural families who want to create wealth without taking risks. By saving just ₹50 a day, you can ensure a bright and financially secure future for yourself and your family. Not only does it give peace of mind with life insurance coverage, but it also offers the opportunity to build a substantial corpus of nearly ₹35 lakh.
If you are looking for a safe, government-backed scheme that combines insurance with investment, the Gram Suraksha Yojana is definitely worth considering.