This post office scheme offers Rs 14 lakh at maturity for investment of Rs 95/day; details here
2 years, 2 months ago

This post office scheme offers Rs 14 lakh at maturity for investment of Rs 95/day; details here

Firstpost  

Middle class and lower middle class Indians have always favoured savings programs offered by the government- The program is open to Indian citizens between the ages of 19 and 45. If you obtain a 20-year policy at age 25 with an insured sum of Rs 7 lakh, you will be required to pay a daily premium of Rs 95. In the aforementioned 8th, 12th, and 16th years of the 20-year insurance with a value assured of Rs 7 lakh, you earn 20 percent of the insured money each time. After that, you will get Rs 2.8 lakh in the 20th year, which will satisfy the total amount guaranteed. A total of Rs 13.72 lakh is the amount due at maturity.

History of this topic

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