Nowadays there are many ways of investing, but the most important thing is security and profit, both together. Isn’t it? One such great scheme is Mahila Samman Savings Certificate, which is made especially for women. This scheme has been started to make women financially strong. You can open it by going to the post office or some special banks.
What are the benefits of this scheme?
The biggest benefit: In this scheme, you get 7.5% annual interest on your savings. This interest rate is even higher than the fixed deposit of many banks!
How much can you invest? You can invest a minimum of ₹1,000 and a maximum of ₹2,00,000.
When will you get your money back? After 2 years, you will get your investment amount back with interest.
Let’s understand the math of investment and profit:
Suppose, you invested ₹1,50,000 in this scheme. After 2 years, you will get a total of ₹1,74,033. That means a direct profit of ₹24,033!
If you invest a maximum of ₹2,00,000, then in 2 years you will get an interest of ₹32,044, and your total amount will be ₹2,32,044.
How to open an account?
To open an account in Mahila Samman Savings Certificate Scheme, you have to go to the post office or bank branch.
Required documents:
Aadhaar card
PAN card
Mobile number
You have to go to the bank or post office and fill the form, because this facility is not online right now.
Tax exemption too!
Another benefit of this scheme is tax exemption. You will not have to pay tax on interest up to ₹40,000.
Frequently Asked Questions (FAQs):
Is this scheme only in post office?
No, this scheme is also available in some banks.
How much can I invest?
You can invest a minimum of ₹1,000 and a maximum of ₹2,00,000.
Can I apply online?
This facility is not available online right now. You will have to go to the bank or post office to open an account.
What is the interest rate?
The Mahila Samman Savings Certificate Scheme has an interest rate of 7.5% per annum.
So what are you waiting for? Invest in Mahila Samman Savings Certificate today and secure your future!