Mahila Samman Savings Certificate Scheme: The Central Government has added a new scheme Mahila Samman Saving Scheme under the Small Savings Scheme to increase participation of women in investment and strengthen them financially, in which only women Can invest only. This government scheme will give the benefit of higher returns in less time.
After the announcement in the budget 2023, the notification of this scheme has been issued by the Ministry of Finance, which means that now you can invest in it. According to the notification issued by the ministry, 7.5 percent interest will be given in Mahila Samman Saving Certificate in only 2 years.
Advantages of Mahila Samman Saving Scheme
Under the Mahila Samman Saving Certificate Scheme, only women or a guardian can open an account in the name of a minor. Under this scheme, the account can be opened only till 31 March 2025. A minimum investment of Rs 1000 to a maximum of Rs 2 lakh can be made in this. Only single account can be opened in this. Interest under this scheme will be transferred to the account on a quarterly basis.
Key points for investing in the scheme
There is no option to close the account under this scheme. However, if the account holder dies, it can be closed. Apart from this, in any other situation, if the government consents, then the account can be closed. Premature account can be closed only after 6 months. To withdraw money, you have to fill Form-2 in it. Minors will be able to fill Form-3. 40% amount can be withdrawn after 1 year.
Lakhs of rupees will be deposited with women
Suppose if a woman invests Rs 2 lakh in this scheme, then she will be given an interest of 7.5 percent. This amount can be invested for 2 years. The interest amount will be transferred to the account after three months. According to this, Rs 2.32 lakh will be deposited with women in two years.
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