There is negligible risk in all the schemes operated under the post office. Apart from this, one also gets benefits ranging from tax benefits to monthly income and guaranteed returns. Let us know the complete details about one such scheme.
The central government is running many types of schemes to provide economic assistance to the country. There are schemes for women as well as senior citizens. Most of the government schemes are run by the Post Office. One such scheme is being run through the post office, which will give Rs 2.32 lakh in just 2 years. This scheme comes under Small Saving Scheme.
There is negligible risk in all the schemes operated under the post office. Apart from this, one also gets benefits ranging from tax benefits to monthly income and guaranteed returns. Some plans are for retirement, which guarantee financial help when you retire. Today we are going to tell you about the Mahila Samman Saving Certificate Scheme of the Post Office. Let us know the complete details about it.
What is Mahila Samman Saving Certificate Scheme?
Mahila Samman Saving Certificate Scheme was started by the government to provide financial assistance to women. Under this scheme, you can deposit from Rs 1000 to Rs 2 lakh. The amount deposited should be in multiples of 100 only. Multiple accounts can be opened under this scheme, but the deposit amount should not exceed a maximum of Rs 2 lakh. Under this scheme, there should be a gap of 3 months in the date of opening the second account.
How much interest will you get?
In this scheme the interest rate is given at 7.5% per annum. However, interest is deposited on three-monthly basis. The maturity period of this scheme is only 2 years. However, a maximum of 40% of the remaining amount can be withdrawn after one year from the date of deposit. Partial withdrawal facility is available only once before maturity.
You will get Rs 2.32 lakh on maturity
If you invest a maximum of Rs 2 lakh in this scheme, you will get an interest of Rs 32044 at the rate of 7.50 percent. In such a situation, a total of Rs 2,32044 will be given on maturity in two years.
Scheme Terms and Conditions
If on the death of the account holders, the nominee or family members can withdraw these deposits. The amount can be withdrawn for medical assistance in case of life-threatening illnesses. After withdrawing the money you can also close the account. The account is allowed to be closed after 6 months of opening the account. In such a situation, you will be given the amount at 2 percent less interest.
