Mahila Samman Saving Certificate: Mahila Samman Saving Certificate Scheme is a special scheme launched by the Modi government which has been launched especially for women. This scheme was announced by Finance Minister Nirmala Sitharaman during the 2023 budget speech. This is a short term savings scheme under which any woman can invest. If you are also thinking of investing in this scheme, then we are telling you about its details-
How much amount can be invested in Mahila Samman Saving Certificate-
Under Mahila Samman Savings Scheme, any woman can invest an amount of Rs 1,000 to Rs 2 lakh in this scheme. If you open an account under this scheme in November 2023, then the maturity of this scheme will be in the year 2025. Under this scheme you will get the benefit of interest rate of 7.50 percent. If a woman is below 18 years of age, she can open a post office account under the supervision of her parents. By investing in this account, you will get a rebate of Rs 1.50 lakh under Section 80C of Income Tax.
How to open an account-
Under Mahila Samman Saving Certificate Scheme, you can open an account in post office or authorized banks like Bank of India, Canara Bank and Bank of Baroda. To open this account you will have to fill Form 1. While opening an account, you will need Aadhar card, PAN card, KYC documents and passport size photo.
You can withdraw money before maturity-
According to the rules, if an account holder wishes, he can withdraw 40 percent of the amount from the Mahila Savings Scheme account after one year. In case of emergency like if the account holder falls ill, you can close the account after 6 months of opening it. By doing this you will get the benefit of interest rate at the rate of 5.5 percent.
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