The post office is running a very special investment scheme for women. The name of this scheme is Mahila Samman Bachat Patra Yojana. By investing in this scheme, women can get excellent returns on their savings. The launch of the Mahila Samman Savings Certificate Scheme was announced by Finance Minister Nirmala Sitharaman while presenting the budget for the financial year 2023-24. By investing in this scheme you do not have to face any kind of market risks. This scheme has been started to encourage women to invest. This scheme is quite popular in the country. Any woman can open an account and invest in this scheme. In Mahila Samman Bachat Patra Yojana, you can invest money in multiples of 100 and 1000. Investment can be made in this scheme only for a maximum of two years.
If we talk about interest rates, then by investing in Mahila Samman Bachat Patra Yojana you are currently getting an interest rate of 7.5 percent. The interest rate is compounded every quarter and deposited into the account.
You can invest a maximum of Rs 2 lakh in the Mahila Samman Savings Certificate Scheme. You also get tax benefits by investing in this scheme. If you invest Rs 2 lakh in this scheme for two years, then based on the current interest rate of 7.5 percent, you will get a return of Rs 32,044 at the time of maturity.
In this situation you will have a total of Rs 2,32,044 in two years. Under the Mahila Samman Savings Patra Scheme, you can withdraw up to 40 percent of the deposited amount after one year of opening the account.
The process of opening an account in this scheme is quite easy. You will not have to face any kind of problems while opening an account under the scheme. You can open an account under this scheme by visiting your nearest post office.
(PC: ISTOCK)
