Investment is a tricky business and it involves risk. Many are still deliberating or seeking help from experts to pool their money into something that assures a decent return. However, not many people are aware of the copious schemes offered by Indian post offices. And one such scheme has now turned into a talking matter. If you are ready to spare Rs 50 daily for the scheme, you are in this business.

The name of the scheme is Gram Suraksha Yojana. By investing just 50 rupees daily, you can earn up to 35 lakh rupees when the scheme ends. Grama Suraksha Yojana has been launched by the Central Government with the objective of the financial security of the people in the villages of India. Investors can put the amount on a monthly, quarterly, half-yearly or annual basis at their convenience.

The government has set some criteria for investing in this scheme. Those between the ages of 19 and 35 are eligible to join the scheme. Investors can choose the tenure at their convenience. The scheme is available for a length of 10 years, 15 years and 20 years.

If you plan to invest Rs 50 per day in this scheme, your investment will be Rs 1500 in a month and Rs 18,000 in a year.

In this way, if the investment starts at the age of 19, the total investment amount in 20 years will be Rs.6,48,000. By the end of the scheme, the depositor will have Rs 30 Lakh to Rs 35 Lakh in his account.

Gram Samuksha Yojana provides financial security and demands only modest money as a deposit.

Criteria to be part of this scheme:

1. The investor must be a permanent resident of India.

2. Must live in rural areas.

3. He/She should not be a government employee.

4. Must have a bank account.

Procedures:

1. Visit the nearest post office and fill out the application form.

2. Submit the required documents.

3. Select the premium payment method.

4. Check the policy documents.

Requirements:

1. Identity Proof

2. Proof of correct address

3. Age proof documents

4. Bank Account Information

5. Passport size photograph

6. Income Certificate