If you are also looking for a government scheme which is for women and in which you get a chance to deposit lakhs of rupees without any risk, then this news is for you only. Actually, a scheme was started by the Government of India under the Post Office, under which you will get lakhs of rupees within 2 years. This scheme gives higher returns than bank FD. The name of this scheme is Mahila Samman Savings Certificate.
Currently, this scheme is offering returns more than the 2-year interest rate of bank FD. The last date to invest in this scheme is 31 March 2025. Talking about investment under this scheme, parents can deposit money in the name of a woman or a minor girl. There is no age limit in this scheme, any Indian woman or girl can invest.
Who can deposit how much amount?
Women can invest a minimum of Rs 1,000 to a maximum of Rs 2,00,000 in this scheme. A time gap of three months will have to be maintained between opening the existing account and the next account. Note that on any account opened in violation of the rules of the scheme, interest equal to Post Office Savings Account is given.
How much more interest will you get from FD?
Under Mahila Samman Savings Scheme, an annual return of 7.5% is available on the amount deposited. The interest currently being given on this scheme is more than a 2-year bank FD. Whereas on two year FD of SBI, interest rate is 6.80% for general customers and 7.30% for senior citizens. Similarly, HDFC Bank offers a rate of 7.00% for general customers and 7.50% for senior citizens. Axis Bank offers a rate of 7.10% for general customers and 7.60% for senior citizens. Post Office Term Deposit (for 2 years) offers an interest rate of 7%.
How much will you get by depositing Rs 2 lakh?
If you invest ₹ 2,00,000 in this government scheme, then according to the calculator, after two years you will get an interest of Rs 32,044. In this way, you will get a total of Rs 2,32,044 on maturity.
You can withdraw money even after 1 year
According to the rules of Mahila Samman Saving Certificate Scheme, if you want to withdraw money from this account after one year, then partial withdrawal is allowed after one year of opening the account. You can withdraw up to 40% of the deposited amount.
