Post Office’s Mahila Samman Savings Certificate Scheme Set To Enrich Women in 2 Years: Know the Benefits
By Lokmat English Desk | Published: March 4, 2024 11:19 AM2024-03-04T11:19:02+5:302024-03-04T11:19:02+5:30
Next 
New Post Office Investment Scheme Offers Security and Great Benefits Similar to banks, the post office introduces new investment opportunities for customers, ensuring safety and lucrative returns. The government has recently launched a special scheme tailored for women, aiming to empower them financially. This initiative presents an excellent opportunity for individuals to capitalize on secure investments and maximize their benefits.
For women aiming to achieve financial prosperity within a two-year timeframe, the Post Office Scheme emerges as an ideal investment avenue. The government is actively rolling out the Mahila Samman Certificate scheme, specially designed to empower women economically. Whether you're considering investment options for your daughter, wife, or any other woman in your life, this scheme presents a promising opportunity to secure their financial future.
Women can now benefit from the Mahila Samman Certificate Scheme offered through the Post Office. By investing in the Post Office Mahila Samman Savings Certificate Scheme, women can steer clear of market risks and enjoy guaranteed returns. This scheme offers a secure way for women to grow their savings without being impacted by market fluctuations.
Government schemes empower women to achieve financial independence. In line with this, the government offers tax exemption on funds accumulated through these schemes. Women investing in this scheme are eligible for tax deductions. Furthermore, girls aged 10 years and above can also open accounts under this scheme, fostering financial inclusion from a young age.
Under the Mahila Samman Savings Certificate Scheme, an interest rate of 7.5 percent is applicable for a two-year period. For instance, if you invest Rs 2 lakh once, you will receive a return of Rs 15,000 in the first year and Rs 16,125 in the second year. Consequently, you'll accumulate a total of Rs 2 lakh over the course of two years.
According to the regulations of the Mahila Samman Savings Certificate Scheme, after completing one year, participants are permitted a partial withdrawal. In this scenario, individuals can withdraw 40% of the deposited amount. For example, if an individual has deposited Rs. 2 lakh, after one year, they will have Rs. 80,000 available for withdrawal.
The primary objective of the Mahila Samman Savings Certificate Scheme is to facilitate women in augmenting their savings through enhanced interest rates. Women of all ages are eligible to invest in this scheme, and parents can also invest in their minor daughter's name. Presently, the scheme offers an interest rate of 7.5 percent, ensuring substantial returns for investors.
