Wednesday, January 31, 2024

How you can get Rs. 20 Lakhs in post office scheme?

Deposit Rs.95 per day in this post office scheme and get around Rs.20 lakhs!

How you can get Rs. 20 Lakhs in the post office scheme?

You can deposit your money in various schemes in the post office of the central government. If you put money there, then along with its government guarantee, there are many post office schemes where you can deposit money little by little and get big returns. The post office also has a similar scheme through which you can easily create a fund of Rs 14 lakh. For this, you have to deposit only Rs 95 per day. The post office will get this facility under the Gram Sumangal Gramin Dak Life Insurance (Gram Sumangal Rural Postal Life Insurance) scheme.

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This policy is for 15 to 20 years. The starting age must be 19 years. The maximum age for a 15-year policy is 45 years. The maximum age for a 20-year policy is 40 years. In the case of a 15-year policy, 20% for 6 years, 9 years, 12 years, and 40% with a basic bonus on maturity will be given.

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How will this money match Let's say a person buys a policy with Sam Assured for Rs 8 lakh for 20 years. So his annual premium will be Rs 32635, the six-month premium is Rs 1,615 and the quarterly premium is Rs 6,449. That is, that person will have to pay 2653 rupees every month. You have to pay Rs 95 as a premium per day. the scheme is for 20 years, in 8, 12, and 16 years, a money-back of Rs 1.4-1.4 lakh will be available at the rate of 20-620 percent. At the same time, a bonus of Rs 48 per thousand is given in this scheme, the bonus of Rs 6 lakh per year for Sam Assured is Rs 33,600 per annum, and for 20 years this money is Rs 7.62 lakh. Also, the customer will get the remaining Rs 2.8 lakh in the 20th year, if you sum up together, then you will get Rs 19.72 lakh for 20 years.

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FAQ

Which post office scheme gives highest return?

The Senior Citizens Savings Scheme (SCSS) stands out as the post office scheme offering the highest returns. Aimed at individuals aged 60 and above, or those above 55 but below 60 with retirement benefits, SCSS provides a lucrative interest rate. As of my last knowledge update in January 2022, the interest rate was around 7.4% per annum, payable quarterly. This scheme has a tenure of five years, extendable for an additional three years. Investors can deposit up to Rs. 15 lakh individually or jointly, making it an attractive choice for those seeking secure and rewarding investment options through the post office.

Can I invest 15 lakhs in post office?

Yes, individuals can invest up to Rs. 15 lakhs in the Post Office Savings Schemes. Various savings schemes offered by the post office, such as the Senior Citizens Savings Scheme (SCSS), Monthly Income Scheme (MIS), and the Public Provident Fund (PPF), allow deposits within this limit. Each scheme has its unique features and benefits, catering to diverse financial goals. Whether it's the safety of investment or attractive interest rates, the post office provides options for investors to allocate their funds wisely. It's essential to explore the specific terms and conditions of each scheme before deciding on the most suitable investment avenue.

Can I invest 10 lakhs in post office?

Yes, you can invest up to Rs. 10 lakhs in various Post Office Savings Schemes. The Post Office offers several savings instruments such as the Public Provident Fund (PPF), Monthly Income Scheme (MIS), and Time Deposit, among others. Each scheme has its own rules and limits, but many allow deposits of up to Rs. 10 lakhs individually or jointly. These schemes are designed to cater to different financial goals, offering safety and reasonable returns. It's advisable to carefully review the terms and conditions of each scheme to determine the best fit for your investment needs.